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Show 6 NEWS FROM: will graduate ski school Feb. 9 Mr. Rosabel! Alison Bell, 6 year old daughter, of Mr. and Mrs. Charles (Con) Bell, Roosevelt, is enrolled in the Community school ski program and is fast becoming a ski enthusiast. Alison attends Roosevelt elementary five days a week and on Saturday for the past 6 weeks has attended the Buddy Werner school system of skiing, at Park City west. The entire Bell family ski and Rodney, age 12, also takes lessons. New restaurant opens, in Gusher A small restuarant opened in Gusher this past week and will specialize in Italian food. The restuarant is located in the old Wild horse bar and is now known as Genoas". The place has been redecorated and offers a pizza known as the "Mealony". Mae Covert, owner and operator of the establishment wishes to invite everyone to come in and try the service. Six year old Alir.on Bell. Roosevelt, is ready for a day on the slopes. Models . . . All Sizes Congressman Gunn McKay has joined more than 30 members of congress from both parties who have asked President to end favorable tax treatment of profits from the export of scarce commodities. Domestic International Sales Organizations (DISCs) are usually wholly-owne- d subsidiaries of major corporations, McKay said. The DISCs have been with special tax treatment since January of 1972, he added. The tax exceptions were designed to improve situation and America's balance-of-trad- e to offer DISCs the opportunity of indefinitely deferring payment of taxes on f of their profits. DISCs are a strong incentive for companies to export their goods to foreign markets, McKay said, Because half of their profits will be McKay said there were no current restrictions on DISC exports, which currently include wheat and other agricultural products, home heating oil, natural gas, propane, petrochemical feedstocks and chemical fertilizers. The Department of the Treasury will not release the extent of these exports, " McKay said, but the indications are that these exports are significant. We know d that commodities include Nixon func-tumin- g one-hal- tax-free- Central Utah Insurance 722-252- Visiting over the weekend with Clint Ames and family was Darrel Goodrich and family, Bountiful. Those attending the funeral services for Mrs. Lynnwood (Aletha) Kinnison of Gig Harbor Washington, were Alice Swasey, Mr. and Mrs. Ward Evans, Vernal; Charlie Fietkau, Roosevelt; Reva Allred, Provo; Ruby Fitzwater, Midvale; Ross Fietkau, Ogden. Moon Lake ward put in new Relief Society officers on Sunday, they were Karen Christensen, president and Karen Sorenson and Merlene Sorenson as counselors and Shirley Lindsay, secretary. Mary and Boyd Pierce, West Jordan spent the weekend visiting their son and family the A1 Pierce's. Mr. and Mrs. George Fisher Jr., and Mrs. Susan Thacker attended the wedding reception for Mr. and Mrs. Scott Higgs, Salt Lake. Mrs. Scott is the daughter of Mr. and Mrs. Clinton Lud-vigso- Mr. and Mrs. Martin Brotherson spent four days in San Francisco at a telephone convention. Mr. and Mrs. Bruce Bowen, of Granger spent the weekend with their pa- - Utah Rep. asks export control on limited commodities All Makes, Call 2 DISC-affecte- lumber, paper newsprint, iron scrap, nonferrous metals and many others. McKay said the provisions of the Internal Revenue Code granting special tax treatment of DISCs also give the President the power to suspend favorable treatment of exports which he determines are . . .insufficient to meet the requirements of the domestic economy. "I hope the President will act promptly to stop the flow of good from America which we need at home," McKay said. Richard Coltharp returns from foreign deployment Navy Aviation Electronics Technician Third Class Richard N. Coltharp, son of Mr. and Mrs. Richard M. Coltharp, Neola, h returned from a deployment to the Mediterranean on board the destroyer escort USS Edward McDonnell homeported here. He participated in training exercises and visited ports in Portugal, Spain and Greece. A 1970 graduate of Western Technical College, Denver, he joined the Navy in February 1971. five-mont- the national policy to conserve energy, First Security has money available right now, in the form of Timeway home improvement loans, to adapt your home to the energy shortage. We're making loans on preferred conditions for insulation, weather doors and windows, new, more efficient furnaces and heating systems, even new roofing and siding... most any home improvement that will help conserve precious energy and help keep your family comfortable. Our sensible bank rates, convenient terms and little or no red tape make Timeway home improvement loans easy to get and easy to pay for. Stop in and see us for details. Timeway home improvement loans on a preferred plan for energy conservation are available for: Insulation Weather Windows Heating Systems Roofing Weather Doors Siding Plan now for Spring improvements. Arrange for a loan now and be ready to go when the weather breaks. O HIST SECTODTTV IBANK N A o Spnnq.i-Fust Security SMTe Bank SaN I ah City Utah F irsl Seuifrty Stofi H.i first Security Rank ufl isvy.ii tH.ii NA Security Rank o Bounfrfu. Utah. P MtMBfH i F i)iC. Small business aiding bill proposed is coRep. Wayne Owens sponsoring a bill to amend the Small Business Act to provide low interest loans to small businesses which have been hurt by the energy shortage. The proposal will allow the Small Business Administration to make or refinance loans to companies which are directly and seriously affected" by the energy shortage. These will carry a lower interest rate than the prevailing rate char ged by banks to small businesses, a rate of 6.125 for the fiscal year. Forecasts on the economic effects of the energy shortage range from bottlenecks in certain industries to a recession, Owens said. While we all hope that the economic dislocation can be minimized, it's clear that small businesses and their workers will bear the brunt of them. This pattern was established last spring as independent gasoline retailers were shut down in the first rumblings of the energy shortage." Hopefully most businesses will survive the energy crisis with only temporary cutbacks and inconvenices, Owens commented. But the small businesses which can least afford the current uncertainty are most affected by delayed sales and cancelled orders as consumers and businesses try to sort out the impact of the energy shortage on their own particular situations." srif TIMEWAY MAKES IT HAPPEN! Utah. high operations in 73 all-tim- Ste-venso- e First Security Corporation, registered company headquartered here, Monday announced record 1973 e highs in operations, reporting and lending earnings, resources, deposits activity. George S. Eccles, president and chief executive officer of the financial services firm, told directors meeting at their regular quarterly meeting here, that combined resources of First Security Corporation, its banks and subsidiaries, were $1,669,721,264, an 11.5 at year-end- , increase over the $1,497,294,235 cent per reported one year earlier. Total deposits of First Security Corporation affiliate banks on December 31, 1973, were $1,406,384,435, compared with bank-holdin- g all-tim- $1,252,026,640, crease of 12.3 at year-enper cent irNji self discipline rather than to develop an inclination to fight. Karate is a means of defense - not offense. Then students and faculty were shown various blocks, strikes, kicks, and open hand techniques used in karate. They also saw examples of sparring techniques, from a chair, woman's self defense against a male attacker, Mr. Nielson defending himseir against three attackers, and kata la special series of movements almost like a dance). in- 1972-- an d First Security Corporation has previously reported unaudited consolidated earnings for common stockholders before securities transactions of $17,171,010 or $3.36 per share, for 1973a per share increase of 12 per cent. Reflective of very heavy credit demands of residents of the Intermountain region during 1973, Mr. Eccles said First Security banks and subsidiaries had loans outstanding on December 31 amounting to $985.7 million, an 18.4 per cent increase over the previous year. And during the year, said Mr. Eccles, a total of 132,351 new loans were made for $1.8 billion-a- n average of $7.1 million loaned every business day of 1973. Loans included 57,753 for $1.2 billion made for commercial purposes, 69,014 loans for $327 million made for the purchase of automobiles, household appliances and other consumer goods, and 5,584 for $209 million for the purchase or construction of homes. In addition to real estate loans outstanding on December 31, 1973 amounting to $370,023,783, the corporation's banks and subsidiary Utah Mortgage Loan Corporation were servicing loans sold to investors touting $363,358,229. Mortgage servicing activities by First Security subsidiaries would rank among the largest in servicing in the nation by a banking organization. Primarily residential mortgages, Mr. Eccles said this is indicative of the contributions First Security is making in meeting the housing requirements of Intermountain area residents. The First Security organization at the end of 1973 had a total of 2,814 employees, receiving payroll and other employee benefits toUling $23.7 million. First Security Corporation common stockholders now number 5,791, more than 70 per cent of whom are residenU of the Intermountain region served by First Security banks. Mr. Eccles noted there has been expansion of First Security Corporation activities duoperations in Now the offered are leasing, year. ring computer microfilming and insurance services for business, credit life insurance, and mortgage financing for construction and servicing mortgages sold to outside investors. Commenting on the economy, the financial executive said despite the prospect of a downturn in the economy and an increase in unemployment, inflationary pressure will still be the number one problem for 1974. The increased cost of fuel will add to this presure and also threatens the favorable balance of trade achieved during 1973 which will probably turn into a deficit" Mr. Eccles noted that the energy crisis affects us, too, domestically, with increases in unemployment, a reduction in housing starts, and decreased automobile sales; He foresees continued heavy consumer spending in 1974, larger capital investment and increased spending by Go g bank-relate- In line with FkH rents, the Grant Smiths. Mr. and Mrs. Don Peterson and family visited with their familys the LaMar and the Pete Walls. Florence Jessen has just returned after spending a month at Princeton B. C. Canada, visiting with her mother and other relatives and friends. Mr. and Mrs. Steven Hansen and family spent the weekend with his sister and family, Donna and Jack Barton. Those attending the wedding of Mr. and Mrs. Bradley Sargent were his grandmother, Vera Holder, Mr. and Mrs. Harry Fieldsted and Tony; Mr. and Mrs. Lawrence Young, Mrs. Smith and Mrs. Ann Stevenson. Mr. and Mrs. Charles Gibson and family visited with her father Clint Ames. Dorene Stringham was confirmed a member of the church by Howard Todd in Sacrament meeting. Those going through the Temple on Temple day were Mr. and Mrs. Glen Mohlman, Mr. and Mrs. Allen Ames, Mr. and Mrs. Jim Benson, Mettie Potts, Zella Bennion, Mr. and Mrs. Alan Roper, Bishop and Mrs. Lawan Oman, Mr. and Mrs. Ralph Allred, Mr. and Mrs. Leo Ames, Mr. and Mrs. Lamar Stevenson, Mr. and Mrs. Ted Fisher. This week, Feb. 4, thru the 11th, the teachers and students of West Jr. high are having benefit week," for Jimmy Justice. Jimmy was injured January 5 by a gunshot wound and spent three weeks in the hospital in Salt Lake. During this week Candy, popcorn and ice cream will be sold, and the proceeds will be given to Jimmy to help a little with all the hospital expenses. We have a collection box at West, and will accept any and all donations for and in behalf of the family. Peggy Cook was chosen as 8th grade class president at West jr. high for the We wish Peggy much sucyear 1973-74- . cess in her new assignment. Every Thursday parents will be invited to visit West Jr. high to observe the math and english programs. We have several new teachers at our school. Mr. Miller is the new art teacher. He came from California to BYU where he graduated. He and his wife and their four children are now residing in Roosevelt. We also have a new leadership teacher. Her name is Chris Ridley. She did her undergraduate work at Ohio Slate University and her graduate work at Utah State University. She majored in psychology. She was born and raised in Amanda. Ohio. We also have five new aids at our school; Laurie Sprouse in the Resource Center; Ijorraine Dye as a library aid; Luella Murdock and Iivern Chegup are in the reading program and Joyce Ross in the math department. Kay Butikofu is doing her student teaching with Miss Latham. She is from Twin Falls, Ida. Friday, Feb. 1. the West jr. high school studenthody was given a demonstration of Varate by Sensei Roh Nielson and several of his students from the Uintah Basin Karate Association. Mr. Nielson first explained that karate Ls a way of life and not something which one undertakes for only a short period of time. He emphasized that the primary goal of karate is to develop a ersons' character and to modernize your home to conserve energy Bank of F.S. records show 0 West Junior High School News RMDKEV nSRHT- - ir( bdunfy 454-353- Arne n imz o scam ftl altamont February 7. 1974 STANDARD d vernment resulting in an unbalanced and little budget of a substantial amount credit bank for demand in the slackening control will keep Reserve "The Federal of monetary growth and limit increase in the money supply because of a need to will be high in the fight inflation. Demand short-terbond market because of the securities Treasury's need to redeem as they being liquidated by foreign banks fuel for imports. to dollars seek pay interest rates will hold quite Long-terfisteady as industry seeks capital to nance and modernize its productive capacity." Mr. Eccles expects 1974 to produce some decrease in the cost of borrowed in depomoney, and we hope for growth sits to enable us to take care of expected heavy loan demands." The annual stockholders meeting of First Security Corporation will be held in Salt Lake City on April 29, 1974. IRS offices are open Saturdays to serve public Local Internal Revenue Service offices in Salt Lake City, Provo and Ogden are open on Saturdays, 9:00 a.m. to 1:00 p.m. to provide additional help to taxpayers preparing their federal income tax returns, Roland V. Wise, IRS District Director for Utah, said today. If your questions are too complicated to handle by phone, and you can't visit an IRS office during the week, you can visit these IRS offices between 9:00 A. M. and 1:00 P.m. on Saturday," Mr. Wise said. Taxpayer service reprentatives will be on duty to help." The taxpayer service representatives are qualified to answer questions ranging from home mortgage deductions to estimated taxes and exemptions for dependents, Mr. Wise said. They will help individuals or groups of people to fill out their own returns. If your tax problems are difficult, your best bet is to visit an IRS office, Mr. Wise said. Be sure to bring along your records and a separate list of deductions and sources of all income." Ready for Spring? tiller, lawnmower or other small engine is not. We are a Briggs and Stratton dealer and do repairs on small Maybe your engines: Tillers Chain Saws Lawnmowers Hay Elevator Motors Also: Valve Grinding Head Planing Generator and Starter Repair Saw Sharpening ALL CAR PARTS SMALL ENGINE SALES A SERVICE 46 No. 2nd E. Roosevelt, Utah 84066 722-259- 1 PDB V, TRHIIRLE-mE- E BRIWIMIL. J One Stop for Tuna-Up- s Ignition Broke Check Alignment All Gar Care Services . . . Body Work Today's cars are complex machines, requiring the latest, scientific equipment to repair, and keep running smooth. See us. We are a modern, p car care center. one-sto- Arvins e Automotive 722-222- 5 |