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Show I Sun Chronicle Thursday , July 10, 1075 YOU AND YOUR MONEY Be wary of loan for all debts By H $ JUDITH G. RHOADES Copley News Service our discussion to your signals warning budget as discussed by the American Bankers Association, some of their warning questions are: 1. Have you taken out loans to consolidate your debts or asked for extensions on existing loans to reduce monthly payments? U you have not, think twice before you do. A consolidation loan would cancel all your other debts, but you will probably have to pay exorbitant interest charges. If you decide to take out one of those loans, at least learn from the experience. Recognize that a bill consolidation loan means that you are in serious financial difficulty There are many financial companies today that advertise they will help you pay all your bills, but do not provide all the services, including professional financial counseling, which users of consolidation loans definitely should have. Most major cities, however, have financial clinics that are designed to assist people with financial problems. Check the local tele Continuing of CRASH CUSHIONS like the ones above have been installed at five locations in the Salt Lake Valley . They have been very successful in preventing highway injuries, reports the Utah Department of Transportation. - I erimental cushions help cut down of traffic casualties Experimental has been crash Transportation cushions installed at five experimenting with two types locations in the Salt Lake of crash cushions One type, Texas Barrels, Valley have been so suc- called cessful that Utah Department consists of a cluster of 55 of Transportation traffic gallon steel drums bolted or safety engineers are having welded together and held in trouble evaluating them position by steel cables The tops and botcoms of the The purpose of the cushions barrels have portions cut out is to minimize injuries and of them to reduce their allow them to property damage by serving rigidity and as protective barriers around collapse at a somewhat concrete pillars, separators controlled rate upon impact. and abutments The cushions Texas Barrels have been collapse upon impact and on the 6th North installed to rest. bring vehicles at about 300 West, of M5 Exit Tranof Department of at the and sportation traffic engineers southbound separation westand were hoping to determine the bound effectiveness of the cushions from the accident reports of Another crash cushion the drivers who hit them undergoing experimentation However, they found the is the Rich Cell, amount of damage sustained which consists of an array of small vehicles was by many water filled plastic cells enough that many motorists Upon impact, the water is simply elected to drive away squirted out through holes in and not report their ac- the cells, allowing them to cidents collapse at a relatively slow "We know the cushions are rate and thus act as a absorber. successful, but we don't know hydraulic impact how successful, said Traffic cells have been Engineei Kenneth Adair installed on the 6th South Exit "Without the results of the of at the separation of damage and severity of these norsouthbound and accidents, a thbound on the 5th South realistic benefit-cos- t analysis and on the new North he said can t be made. Temple Viaduct However, Adair pointed out State traffic engineers also that if the drivers had exto conduct some exthe hope accidents perienced without the cushions, they periments w ith a third type of The might have been severely crash cushion called injured and their vehicles Fitch Inertial Barrier The Fitch Barriers consist of would have been too badly sand-filleplastic barrels, damaged to drive awav honey-combeinside with chambers Upon plastic of The Department o Hi-dr- o d d impact, the flowing sand ruptures the chambers and the barrels collapse at a relatively slow rate. The Utah Department of Transportation has applied to the Federal Highway Administration for $20,678 in Roadside Obstacle Program Funds to install Fitch Barriers on US Alternate 50 at three flume crossings near the Magna Mill. If the application is approved, state engineers will be able to experiment with all three types of crash cushions under actual operating conditions and will be able to compare their effectiveness and costs of maintenance. The Utah Department of Transportations Office of Traffic and Safety recently completed a survey of the states Interstate Highway System and identified several phone book under your city or county headings. 2. Your standard of living is but does your checkbook balance get lower by the month? What can you do to stop that problem? It means, of course, that you are living above your income. Surprisingly, the easiest answer is most effective convert to a cash basis system. Draw a specific amount of cash once a week for living expenses, and live off that amount. Cancel your credit cards all of them. Restrict to house payments bills your and utilities. If you can discipline yourself to do that, youre on your way. constant, was told in order to obtain a loan, I needed to know my net worth. How do I determine what my net worth is? M. G., Miami Beach, Fla. A. What you need to do is list all the things you own at an estimated present market value (your assets) and then subtract what you owe (your liabilities). The difference between the two sums would be your net worth, or if you had more debts than assets, your net indebtedness. The items you should include are : ( 1 ) your car or cars at mar Q I ket or trade-i-n value, (2) cash on hand in your savings account, checking account or credit union; (3) house value, or other real estate value; (4) any furniture or appliances at market value less depreciation; (5) your personal property, such as clothing, boat, jewelry; (6) securities at them current market value; (7) money that you may have loaned to others; and (8) any cash value that you might have in insurance policies, annuities or pension plans. Thought for the Week: Let us follow our destiny, ebb and flow. Whatever may happen, we master fortune by accepting it. Vergil. ' There are three prices for shoplifting irst, if the shoplifter is caught, he faces he possibility of criminal prosecution for j 4 Second, a new Utah law says that shop- lifters can be sued by merchants for the retail value of the stolen merchandise plus court costs, attorneys fees and more Third if the shoplifter gets away with it, the cost of what he takes is passed on to Already that s a price tag So if you sec someone shoplifting, tell the store owner or a clerk If the shoplifter doesn t pay for his crime you will you L Member firm. Questions may be sent to Mrs. Rhoades, You And Your Money, Copley News Service, in care of this newspaper. II' become old, but they never become good Men DAY AND NIGHT Earn continuous interest from day of deposit to day of withdrawal! locations where crash cushions could eliminate potential hazards In the survey, state traffic engineers recommended that crash cushions be placed at four locations on the 6th North and Overpass in Salt Lake City, of on the southbound at 2900 South, at two safety p overpasses and at the northbound separation of in and southbound on Parleys Canyon, at two pedestrian overpasses on in north Ogden, at two overhead sign poles on north of 31st Street in Ogden, at the Farmington Bay and at an Overpass on North near overpass on Morgan in Weber Canyon. Patient of the Month Ernest Gilgen was born on Oct 7, 1887, in Logan, Utah He went to grade school in Logan and furthered his education through an in- ternational correspondence majoring in mapping and surveying around the doing had four children, three boys surveys for the railroad He and one daughter, Paul, states that he saved the Chester. Jay, Grant and transit one day When the horse was told to stop, he Kathryn He met his wife in dead where he stood, Richmond, Utah at a dance stopped therefore up shaking He left Cache Valley to the in buggy. everything other areas States, survey in He had a GIRL IN EVERY When this happened, he was in the buggy and he grabbed TOWN the transit, therefoie saving Mr Gilgen says he used to it from falling and being a and in horse go courting broken So he saved the buggy I le w ould take the girl railroad company a great out and after taking her home he would hook the deal of money which it would cost to replace the reins to the buggy whip post have Some of the places transit and the horse would take him Mr surveyed were Gilgen while home he slept His brother m law got him Sun Valley area and Ket a job as a transit man on the chum. Idaho lailioad when the other Mr Gilgen and his wife ti ansit man tell asleep on the weie active in the LDS Church His wife led the primal y She was also the He married Emma C Monson on Oct 19, 1910 They i i i job, causing much time and expense to go back and pick up the work they missed He worked as a transit man during the day and studied through his correspondence course during the night He states traveled frequently president of the mutual ladies Mr Gilgen was the president of the MIA m three waids He was also president of the quorums to the church, senior president of the 70s and he waw in charge of the diama gioup m the church In the later years, Mr Gilgen was head of the Geneological ,- : Ernest Gilgen Patient of the Month committee which is the research of names He researched his for back six family a then hired generations professional researcher to finish the job He is presently the president family of the Gilgen organization for reunions Before Emma Monson married Mr. Gilgen she took care of her aged mother until she passed away She was a telephone operator in Richmond, Utah Then later moved to Preston, Utah, where she became Chief Operator in the telephone company She served as sewing instructor at Eiser College in Logan. After she married, she stayed home and raised her family Mr Gilgen states that his wife used to travel with him with the on his surveys children " They would go into the fields together, living in tents along the Yellowstones highway during the summer months Mr Gilgen took care of his lovely wife for the last four years of her life as she was becoming quite aged She was in a rest home for the last eleven days of her life because Mr Gilgen could no longer take care of her She passed away June 10, 1972 Presently Mr Gilgen lives at Weber County Hospital on A division which is a self caie unit As a past time he enjoys playing the accordian for the patients He also plays at the sing alongs He attends all patient acUzities and has a fantastic sense of humor He enjoys talking and joking with the patients and personnel Mr Gilgen is just a super nice person to have around the hospital He boosts the morale of the patients and gives the personnel a few laughs Tii Security, our compounded continuous interest program on new Statement Savings works for you me. not just daily but continuously It's growing every second1 By compounding your interest continuously, the rate of 5 per annum yields you 5.13 per annum when both the j r cipal and the interest ate left for the full year Yom savings can earn the highest merest rate paid by any bank from the date of deposit to the date of withdraw 1' aid any money you add to your Statement Savings account starts compounding continuously from the At all the I t day you leposit Nf IV STATEMENT SAVINGS PLAN IS DESIGNED FOR NEW CONVENIENCE IN BANKING. Four times a year you receive a statement of your account activity deposits, withdrawals, and interest earned Pass books are not used for deposits or withdrawals You can make deposits by mail, and transfer arrangements between dunking and savings accounts are available if desired Its the most convenient, time saving savings plan HIE there ,s' Our neW Statement Savings plan is only one of many savings programs available to First Security customers. We ottei other plans to suit your individual need REGULAR PASSBOOK SAVINGS, WHICH CONTINUE TO EARN 5 PER ANNUM NOW PAID FOUR TIMES PER YEAR. depending on amount and term. paying from S'dh to Interest paid four times a year on all savings. Wtuv (.r your savings goal, First Security has just the program for you Start your account today1 SAVINGS CERTIFICATES FIRST SECURITY BANKS Insured to $40,000 F rst f rst Styjft, t,i Vcjrt, n Federal - re3,e Bount fjl Utah N A pmk calt Lake City l;tih Member IDIC f rst rst Security Biik of ! ogsn Utah NA Secjrty Smv Bank of Spnngvtile Utah f First Security Bank of Utah for early withdrawal of certificate jns require substantial interest penally 1 j stealing Judith G. Rhoades is associated with a New York Stock Exchange j -- NA f a : I f ; 5 i " |