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Show THE SALT LAKE TIMES Page Four THE SALT LAKE TIMES . Combined with The Soli Lake Mining 6 Legal News Published Every Friday at Salt Lake City, Utah Second Gass Postage paid at Salt Lake City, Utah 711 South West Temple Salt Lake Gif, Utah Telephone 3644464 4101 GLENN BJOKNN, Pebtiihta . "This publication it not owned or controlled by amy party, elam, clique, faction Volume 53 Number 1 1 Corporate Innovations (Continued from page one) more attractive level and often increase total dividends paid to st ockliolders, may be replaced soon by a new idea, according to the top executive of one of the nation's major forest and chemical companies. The idea was detailed at a security analyst meeting Corp., which early in 1973 accomby Georgia-Pacifi- c plished the equavilent of a 25 per cent stock dividend or split by spuming off 20 per cent of the $1.9 billion companys assets into a new independent company, Louisiana Pacific and distributing the new companys stock to G-- P stockholders. The plan was worked out with the Federal Trade Commission, which thus accomplished its purpose of increasing competition in the industry without destroying individual small stockholders equities. While setting a new federal guideline to increase competition, it also gave individual stockholders ownership of two growth companies instead of one. We and other companies may do the same thing again in the future instead of traditional stock splits, Pamplin told the group. With its new style spin-o- ff compleetd, G-- P this year has already reported sales, earnings per share and net income higher than they were a year ago before the spinoff. It did so while operating under the new, more specific guidelines. The company now expects to double its sales, net income and earnings per share in the next five years by better distribution and new and better products. anti-monopo- ly Reassuring Power Cushion A pamphlet published by the Chase Manhattan Hank entitled Outlook for Energy in the United States to 1985 presents an exhaustive analysis of energy consumption trends and potential energy sources of all kinds coal, oil, natural gas, nuclear, etc. The pamphlet's foreword contains a few paragraphs pertaining to our dependence on energy that are startling reminders of what that smill light switch on the wall signifies. It is pointed out that, Because there would be virtually no agricultural activity without energy, very little food could be produced. The food could not be cooked even if it were available. Lacking energy, homes and all other buildings could not be heated or cooled. Except for walking, there would be virtually no means of transportation without energy not even bicycles could be Utilities Express Disappointment In Interior Department Decision Four electric utilities involved in planning the proposed Power Project in south Utah expressed regret that Secretary of the Interior Morton has, in effect, rejected the projKai-parow- port countries, the participants believe it is vital to balance environmental judgments with the LEASED GftflPiVIfE national, energy and national security needs. In light of this and the environmental report these ect even before a comprehensive utilities intend to seek reconsideration by the Interior Departenvironmental impact report prepared at a cost of $1 million ment. An allocation of $6,600.00 for was filed. the Legal Aid Society was apMorton announced that he will Riders Heading proved by the Salt Lake City reject applications for rights-of-wa- y Commission. The approval was permits to construct these For Salt Lake City subject to available funds. The coal fired electric generating all from motocross riders Top Society requested the funds from reaplants for environmental on the Salt Lake City Commission will world the over converge sons. for the first In- because of the Utah United Fund The utilities, Southern Califor- Salt Lake City Motocross to be held which has funded the society, nia Edison, San Diego Gas and ternational in Manning Canyon Cycle Park, could no longer provide all the Electric, Arizona Public Service 1. money neded for the operation and the Salt River Project of Sunday, July Late additions to the list of of the society. Phoenix, said they were surracers are two more top prised and amazed that Secre- foreign Christer Hamargren and Low cost housing officials met tary Morton would act before riders, Swedish Yamahas Ake Johsson, enan emergency meeting and in fully reviewing a detailed the in finished who high were told one of four 25 unit vironmental impact report which duo, was scheduled. to be filed with standings in the Czech Grand housing projects is in jeopardy because of escalating constructhe Interior Department within Priz this month. of An equally impressive list tion costs. The Salt Lake City the next 30 days. Because of the comprehensive top American pros, headed by Housing Authority has been told nature and findings of the en- Jim Pomeroy of Yakima, Wash., the project is $90,000 short of vironmental report, the partici- who is the first American ever ( funds for the building of the 25 pants intend to ask the Interior to win a world championship units. City Commissioner JenDepartment to reconsider its re- Motocross Grand Prix is Marty nings Phillips Jr., has asked the jection of applications for . the Tripes, Gary Jones, DeWayne L. city attorney to look into methrevised project on grounds that Jones, Rich Thorwaldson, Jim ods of saving money on the project for a builder to build the the rejection was based on an Weiert, Bob Grossi, Pierre Run-yar- d Mike John DeSoto, earlier and somewhat outdated housing units at the original and Mark Blackwell. cost. information. a a and took The report Bob Brown, leading pro rider year half to prepare, cost nearly $1 in the Inter Mountain area and Salt Lake City Auditor Lawmillion and contains a different has to rate a slight home town rence A. Jones has informed the project scope and additional per- edge because of his familiarity U. S. Treasury Department of tinent data which were not avail- with Manning Canyon Park. He the citys intention of spending able to the Interior Department rides a Yamaha and is part of some $2.1 million federal revewhen it made its tentative judg- the Plaza Cycle racing team. nue sharing allocation. The $2.1 ment. million reported is the city alloThe just completed environcation for the period of Jan., mental impact concludes that Expanded Star Show 1974 to June 30, 1974. the power project can be built At the Planetarium with acceptable levels of enviUtah had 87 airports and heliWith the conclusion of the ronmental impact. It delves into at the end of 1972. The all aspects of the $1.38 billion Heavy Water Light Show, the ports Planetarium has resumed Federal Aviation Administration project and covers air, water, Hansen said in its annual Of the land, biological, meteorological, a full schedule of star shows state total 53 are report. owned publicly expanded its archaelogical and other features and has even 34 are and summer. The private. The FAA where the plant would be built. schedule for the also reported that public fields every Edison, as project manager, has Planetarium will be open star shows include 51 airports, one open pointed out that the Department day of the week with heliport and one closed airport. of the Interiors own study, the Monday through Saturday. Continuing its extremely pop- There are 11 open private airSouthwest Energy Study Sumports, 20 closed' private fields mary Report noted that future ular run isonthethePlanetarium star beginning and and three private heliports that power needs of the region will program necessitate use of the abundant end of the cosmos, Springtime are closed to the public. Utah ranked 41st in the nation coal resources in the Colorado of the Universe. in total number of landing faciliTowards the end of June, the River Basin. In fact, the 1972 ties. document states that Coal fired, Planetarium will begin its new were Two of the states airports reported abandoned last steam electric power generation star program, Transit of Earth, year. will provide a major part of the a science fiction show on Mars power requirements for Phase II exploration, based on a short Five assistant attorneys general (1977-80- ) story by Arthur C. Clark. power plants. soon be making more money will two will The next week or At a time when this nation faces a severe energy and fuel give SaLt Lake City residents than the attorney general himcrisis when it appears it will be and visitors a final and even self. More money than the Sunecessary to reduce low sulfur more convenient opportunity to preme Court judges they appear coal in the western United States see the fascinating and awesome before. The state Board of Exto reduce importations of low-sulf- future of the sun and the earth aminers approved salary schedoil from oil producing ex in Springtime of the Universe. ule which will give each of the attorneys a large salary increase, the largest being 63 percent and chips are down there is no alternative either for the nation the smallest 29 percent. manufactured. Private autos, aircraft, trains, trucks, buses, ships and rapid transit systems would be halted. Neither people nor freight would be able to move. Most or for the industry. of the activities of government could not be carried on if there were no energy.S chools, churches, hospitals, doctors and dentists could not function effectively communication would cease. In the light of the foregoing, some figures released b the Federal Power Oommission on electric energv reserves are comforting. During the winter of 1972-7the the FPC forecast that only two regions of the countrv would have less than 25 percent reserves the Southeast and the West. The Southeast, The FPC estimated, should have a 16 percent excess of supply over demand, and the West should have 20.9 percent. These reassuring figures reflect the continuing determination of the investor owned electric industry to carry out its primary obligation of meeting U.S. energy demands. When the 3, its the Kars-maker- s, ur dial WatostfQ)! 860 Where thousands of listeners enjoy concert music and news every day! Salt Lake City Mayor E. J. Gam is in San Francisco attending the United States Conference of Mayors. One of the primary concerns of the conference is the intergovernmental relations. Were working on resolutions direct funding line between the federal government and the cities. The funds would come from the Federal Department of Housing and Urban Development and be used to develop planning and management capability in the cities. The Green Thumb Project has the finest bipartisan support of any programs on Capitol Hill. Tony Dcchant of Denver, Colo., president of the Green Thumb is delighted wiht the project. |