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Show WESTERN AME Ferials Dr dor Dopartmont SAIT LAKE CITY, UTAH VOLUME 16, NUMBER 62 1971 -- Great Salt Lake: Else Like It Nothing SALT LAKE COUNTY FINANCIAL STATEMENT Pursuant to the provisions of Title 17, Chapter 19, Section 11 of the Utah Code Annotated, 1953, as amended by the laws of 1955, we publish herewith a statement showing the financial condition of Salt Lake County as of December 31, 1971 together with a statement of revenues and warrants drawn for the year 1971. GERALD R. HANSEN, Auditor, Salt Lake County By Daniel K. Cunningham Dally Record Columnist As the Utah Travel Council proudly notes: With the exception of the Dead Sea in Palestine, there is nothing in the world quite like Great Salt See page 2. f Has 10 Islands This large inland sea is 75 miles long and up to 50 miles wide. With a surface area that ranges up to 2,200 square miles at times, the lake New Growth Comes To Lake Shores The Great Salt Lake is far from dead today. New life is pringing up near its shore including an Important new town and industrial development. One of the new industries is Great Salt Lake Minerals & Chemical Corp., which is extracting minerals from the brines of Great Salt Lake. Part of the investment capital for this venture was provided by a German company. An even newer installation is the Magnesium Division of NL Industries, Inc. (formerly National Lead Co.) at Rowley on the west side of the lake. Already in partial operation, this plant seeks to extract valuable magnesium and a host of other minerals and chemicals from the salt brine. When fully operational the Rowley facility will produce an estimated 45,000 tons of magnesium metal and 80,000 tons of chlorine. And about 30 miles south of NL industries, the new town of Stans- - FRIDAY, MARCH 31, 1972 bury Park is under development by d Terracor, a Salt Lake three in with developer projects states. The community already has a 100-acfresh water lake and a playable golf course, while housing starts are currently running at two a week on a large tract of hind that was once covered with sage. provides City-base- out- standing opportunities for sailing. Ten islands and c o u n 1 ess Mr. Cunningham miles of shoreline provide many destinations for the day or weekend sailor. 1 re Sailboating is becoming very popular because of the excellent sailing conditions that exist, and because of the potential of exploration offered by the islands (with proper respect shown private ownership), writes the travel council. However the high saline contents of the lake some fpur or five times that of the worlds oceans . require proper maintenance to avoid severe salt corrosion on boats. Teeming Bird Life Many of the islands are seasonal nesting grounds for many species of birds, a fact noted more than a century ago by CapL Howard Stans-bur- y when he first surveyed the lake and its immediate region for the United States government. Ia CapL Stansbunktcrric there are (journal irawlhr'depicting ipdafong the teeming birlife the lake shorelines.' These islands " . TSP' plOredf Council Construction Really Up During 71 1971 permit-authoriz- ed A Attractive Alternative , "Also the stock market slump led some investors to look elsewhere ofr investment outlets and real estate provided a relatively attractive alternative for both the small investor and corporate investors, file bureau report stated. Even though the fourth quarter of volume dropped to just under $61 million, less than the proceeding two quarters, this was still higher than the corresponding period a year ago. Analyzing the 12,777 dwelling units started last year, the report notes that 53 percent (6,766) were single family homes; 41 percent were apartment units and six percent were duplex units. rt rd View Bird Colonies In addition to Antelope Island, home of Great Salt Lake State Park, the other islands include Bird, Cub, Dolphin, Egg, Gunnison, Carrington, Stansbury and White Rock. In the autumn, hunters from across the nation are attracted to refuge areas near the lake, both waterfowl and upland game birds can be found. However the largest such bird refuge, the Bear River Refuge west of Brigham drive City, is about a two-hoof Bear Park. Stansbury nprth ur braver Photo courtesy In Utah Construction in Utah during really boomed, according to the latest report of the Bureau of Economic and Business Research at University of Utah. With the greatest gains recorded in residential construction, the total construcvalue of tion rose to $323 million last year, a 44.9 percent increase over 1970. High Percentage Gains Housing starts in Utah last year reached 12,777, a 40.9 percent rise over 1970 starts and a whopping 1142 percent jump over new dwelling units startki in 1969. The dollar volume in 71 was $176.8 million, a 51.1 percent increase over a year earlier. ' The dropping of the maximum FHA-Vrates and the general ability of more financing made residential construction attractive to buyers, according to Kent Granzin, assistant professor of marketing, University of Utah. up to the high water line, and you may even explore inland with the permission of owners Modem day explorers, for example, can still see a small cross which Kit Carson carved into a peculiar rock formation near the summit of Fremont Island more than 125 years ago. More People Retire Early, Some at 55 - an ment Programs persons mal retirement age is that until per NEW YORK (ACPN) in 1971. The survey 96 of 641 companies found cent of pension plans have early "Nor- but of number people are increasing quitting work at earlier ages, such as 62 or 60 or evertas young as 55. A trend toward early retirement 65, began to develop significantly during the 1960s the Institute of Life Insurance says, and it is expected to accelerate during the 1970s. A study of major group pension plans in 1958 by the Society of Actuaries found that 21 per cent of the people who retired did so early. A similar study in 1968 found that the percentage of people retiring early had increased to 33 per cent of the total. Such provisions have become a common feature of company pension plans. The Conference Board, a business research organization, published a report on Early Retire i ; retirement arrangements. Moreover, there has also been an increase in the number of plans under which early retirement is a vested right of an employee and he can retire at his own option. Now 71 per cent of the plans in the survey provide for this vesting, up from 62 per cent ten years ago. A significant factor in early retirement has been an increase in plans that have stepped up benefits to workers who retire before 65. In Ihe Conference Boards study, 30 per cent of the plans had boosted benefits for early retirements, almost double the number of 10 years ago. In virtually all cases, however, early retirement benefits are lower than would be paid to working age 65. The minimum length of time an employee must work before he is eligible for early retirement has also been decreasing. Fewer plans now require 20 years, according to the study. Common requirements now are 10 to 15 years. With larger benefits available, workers now cloose to retire early for a variety of reasons. Some, bored offers a tour over gravel roads to view the bird colonies. Observation towers are provided en route. The largest body of Water west of the Mississippi River, the Great Salt Lake is, however, but a remnant of the much larger Lake Bonneville that existed in prehistoric times. Monsters Lived Here At its peak, Lake Bonneville covered 20,00 square miles over what is now parts of Utah, Idaho and Nevada, according to geologists. Ancient shorelines of this massive lake formed the terraced benches" seen so distnlctly on the surrounding mountains of Salt Lake and Tooele Valleys. And just as Loch Ness in Scotland has its monster, so did the Great Salt Lake, at least a century ago. Early settlers, some of them Scottish for sure, suggested that a horrible monster occasionally surfaced from the briny depths and issued a terrible bellow. There was even talk about a school of whales and a subterranean outlet to the Pacific Ocean. Has No Outlets For decades in the early 19th centry, maps recorded westwardflowing rivers from the Great Salt Lake to the Pacific Ocean. But in time explorers learned that the lake has no outlet and is fed by four rivers, the Jordan, Weber, Ogden and Bear, all of which flow from the mountains to the east Jim Bridger was the first white explorer to discover the salty lake, and he thought it was an inlet of the Pacific. Rocky Mountain trappers who soon followed him disproved this claim however. James Clyman, in search of beaver-dammstreams, was the first to circumnavigate the lake in 1826. James C. Fremont turned a scientific eye to the lake in 1843 and 12-mi- le self-conduct- ed ed 1845. Then in 1850 the first truly scientific survey was conducted by CapL Howard Stansbury, whose journal remains a delight to read today. with their jobs, take early retirement to try another career, or Court Overrules somewhere else. work part-tim- e Other workers simply feel they have worked long enough and want to take life easy. Some are confronted with the problem of having to move because the company they work for is moving to another locale. Rather than uproot their families, they elect to retire. Ban on Hair - NEW ORLEANS (UPI) The 5th U.S. Circuit Court of Appeals has ruled the manager of a city auditorium should not have the power to dictate what is or what is not family entertainment. |