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Show aicr.sriLBitHj coap.- 72 - i .!, 84101 GITTf SALT LAKE CITY, UTAH Owens, McKay, Howe and McCarty Win At Convention FRIDAY, JULY 19, 1974 Gov. Calvin Rampton Tells Association To Eliminate Property Tax The possibility of eliminating the property tax as a source of revenue for local government should be given serious consideration. This was the keynote of an address to the National Association of Counties being held in Miami by Utahs Governor Calvin L. Rampton. The governor said that unlike income taxes which rise as prices and wages rise, property tax revenue only increases if the levy is increased and this always meets citizen opposition. We should look seriously to the possibility of eliminating the property tax at least on producing property and perhaps even on income producing properties where the income tax would, if properly adjusted, make up the revenue loss from property tax. non-inco- Rep. K. Gunn McKay Rep. Wayne Owens me State Treasurer Bring Utah $12.7 Million Interest Investment's By David L. Duncan, Utah State Treasurer has earned the state some $12.7 million in interest due to investments of state Allan T. Howe Utahs Congressman Wayne Owens who two years ago won his first election by upsetting an incumbent congressman won the Utah State Democratic Party nomination for the U.S. Senate by a six vote margin. Representative Owens avoided a primary election with Salt Lake Attorney Donald R. Holbrook as he gained 70.31 percent of the state delegate support. In the other major race which put three Congressional hopefuls together seeking the two spots for the nomination. Allan T. Howe was the top vote getter Daryl McCarty second, and eliminated from the convention was Salt Lake County Commission Chairman Ralph McClure. Congressman Owens campaign was able to gather the 70.31 percent of the delegate vote with vote totals of 1,088 to 458. Id hoped, but didnt expect the 70 percent, said Congressman Owens. Im comforted and gratified that I don't have to go funds. In announcing the total interest earnings for fiscal 1974 which ended June 30 totals some $12,727,140. Mr. Duncan said the results stem from moving his department from an office for custodial operation to a money management operation. The treasurer said that the earnings which represent a 334 percent increase over last years interest earning of $3,801,387 were due principally to peak market situations which saw in terest rates rise during the past year from around 7 percent to a high of about 11 percent. The treasurer said that a great Daryl J. McCarty amount of time was spent on the development of cash flow, prothrough a primary election. It is expected by many that jecting needs and analyzing po-- I tential investment opportunities. (Continued on page 8) Three Musical Events Will Help Highlight Utah's Days Of '47 Three musical programs featuring the Salt Lake Mormon Tabernacle Choir, the Mormon Youth Symphony and Chorus and a combined Young Adults chorus are planned as tributes to Utahs Mormon Pioneers Wednesday and Thursday, July 24 and 25., Sunrise services at the Salt Lake Tabernacle and at the site of Brigham Youngs grave will open Salt Lake City's Pioneer Day activities Wednesday, and the concluding event in the Days of 47 celebration will be a concert Thursday night in the Salt Lake Tabernacle. 3-- 71 ;:6U3 The events are: Pioneer Day Sunrise Service, 6:30 a.m. Wednesday, Salt Lake Tabernacle, featuring Mormon Youth Symphony and Chorus, Elder Marion D. Hanks, speaker. Sponsored by Sons of Utah Pioneers. Sunrise Program, 7:00 a.m. Wednesday, 140 First Avenue, featuring Roy M. Darley, speaker, music by combined Young Adult chorus from two branches of Ensign Stake, sponsored by Ensign Stake. Concert, 8:00 p.m. ThursLake Tabernacle, fea- Salt day, ( Continued on page 8 Maughan Announces Candidacy For Utah Supreme Court Judge Richard J. Maughan, Salt Lake attorney and member of the Utah State Board of Regents, Wednesday announced his candidacy ::or a seat on the Utah Supreme Court. This position is one of great responsibility, and I seek it because it would provide a way ;o serve at a time when unprecedented demands are being made on our society, its people and its institutions, he said. It is imperative that the Jtah Supreme Court have jus- tices who can vigorously apply ;he principles of law in the face of increasingly demanding prob-em- s, Maughan added. He observed that supreme court justices will be required ;o live in the mainstream of life and steer the law away from the dangers of rigidity on the one hand, and away from the dangers of unpredictability and formlessness on the other. A native of Logan, Maughan las practiced law for more than 23 years. He was admitted to the Utah aar and the Federal District Court bar in 1951. He has the Juris Doctor degree from the University of Utah. Maughan has since been admitted to the bar of the Circuit Court of Appeals and the bar of the United States Supreme Court. He served as assistant to the Utah attorney general in 1951-5and was president of the Davis County Bar Association in 1961-6He was chairman of 2, 2. the Utah State Bar Association's Continuing Committee. Legal Education In 1960 he was appointed to the Utah State Board of Higher Education which later became known as the Utah State Board of Regents. The candidate is a member of the Executive Committee of the Western Interstate Commission for Higher Education. He served as a member and chairman of the Utah State University Board of Trustees for four years. He is a member of the New comen Society of North America. Maughan is a member of the Church of Jesus Christ of Latter-da- y Saints. TODAYS v EDITORIAL v No Margin Left 'File natural gas industry is a chief example of how shortsighted federal natural resource policies have disrupted the market forces of supply and demand and created scarcities all along the line in the field of energy. Sometime ago, a bulletin of the American Gas Association dealt with natural gas pricing policies under federal regulation. These policies, it declares, . . have been a major factor in the energy shortage, leading to a scarcity of natural gas and affecting the markets, prices and supplies of other major fuels. Natural gas distribution companies as regulated public utilities are natural advocates of low-coenergy; but, as the AGA bulletin observes, they have reversed, . . . their historic insistence on a low price policy. . . . and have urged ( Continued on page 4) st |