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Show The Enterprise Review, July 28, 1976 Government Red Tape Piles Higher n Higher Continued from page 2b regulations, there might soon be more regulations than people. We have become a closely governed, tightly regulated people, said B. B. Smith, general manager of Kennecotts Magna plant. We have been regulated into an economic straight jacket. Make no mistake, government are not your servants, they are your agencies masters. Businesses frequently of undue burdens created by the mounds of required paperwork, but many complain businessmen dont realize that much of the government paperwork crossing their desks is voluntary and is not required. Thoresen says the government is not always to blame for business expenditure on paperwork. Some of these businessmen dumber than hell, are he said. They fill out every form they can find not knowing that they are not all mandatory forms. Business people should learn which forms are required and which are not. Thoresen thinks that if businesses were not able to pass the additional costs of paperwork along to the consumers they would put up some resistance to government regulation. The people think that every time the government regulates a business they are performing a justice for the consumer. Thats not true. Each regulation placed on business, costs the consumer, he said. If the businessmen had to pay for all this costly government business they would begin to fight back. Justice Department Requests Loan Documents from Prudential in the neck, it is doing much to Prudential Federal Savings has been asked to release files discourage free enterprise. Thoresen said that several to representatives of the.U.S. would-b- e small businessmen Department of Justice next come to him seeking advice to month as part of discovery start a business. A couple of proceedings filed earlier this young guys came in here for month. he said. advice, Although Prudential may They still wanted to go into the carpet object to such a search, the Justice business and thought all they Department has needed was some capital, requested to see all loan which they had, and a license. application denied, policy I told them the first thing they statements regarding underhad to do wras retain an writing of loans, and all inattorney to interpret the gov- structions to real estate ernment regulations and hire brokers and investments. The action has been prean accountant to fill out the forms. They left discouraged cipitated by a suit filed by the and never came back. Department early this year, in Small businesses may be conjunction with a similar suit the hardest hit by the hordes filed in early 1975, charging of government documents. In discrimination based on sex 1974 the federal government when making home and home decided it was time to make improvement loans. Such pension plans more sound for discrimination is a violation of private companies. They did, the Fair Housing Act. The suit charges Prudenbut the pension reform plan they enacted drove thousands tial employed different stanof small companies to drop dards in determining the their pensions. The pension creditworthiness of a wifes law itself was several hundred income in determining the pages long and there was an income qualfiications of a additional 100 pages just to couple for a loan, that couples explain the law. Although who needed the wifes income some revision has been made to qualify for a loan got a lower for small businesses, the law rating than those who qualified based on the husbands is still lengthy and the paperwork confusing enough that income alone, and that it numerous small companies refused to consider alimony or just dontbotherwith pensions. rhild support as income. In a statement filed by the It seems as though the government will continue to defense, Prudential president Gene Donovan stated he had send out forms to businessmen as long as businessmen submitted all policies and pro keep sending them back. And, since it doesnt seem practical to just wait for the world to run out of paper, a solution is in order. Dale Reynolds, personnel manager of W. S. Hatch Co., Woods Cross, had an idea. He had been filling out federal forms for some time and finally came cedures used by the institution to the Department of Justice, and never received any indication they were discriminatory. wanted to be sure our policies are not discriminatory, Donovan stated. 1 Utah Machine Tools 3240 South 11th East Salt Lake City, Utah 84106 Phone (801) 486-355- 1 SPECIALS Lathes: -- ReedPrentice 18" x 102" - taper Lodge & Shipley 36" x 78". Summit 19 27 GAP x 80 , 418" spdle, bore. Mills- Narmo 14 x 60 -- Bridgeport BR5 9" vertical new. DrillsU1j?" x 36". Van 10" x 24" horz. Summit & Summit Radial. 31 x 8". box new OO Y A radial, 4' x 13", power elv. & table. Everett 18 Wells Horizontal 9 x 16". automatic abrasive Peerless 11" cut-of- 1863. Shears: Pexto 12" hyd. 5 x 516". lOhp. f, x 11" fully Hercules 1Z x Wisconsis Press Brake, brake 8a x 14 ga. 12 . Chicago leaf table, clamp, box 300 ton Grinders. .Abrasive 6" x 18" surface grinder, power feed. Complete warehouse full of machine tools. All sizes and types. NEW AND USED Sell Buy Liquidate up with a solution: Along with Discourage Free Enterprise Not only is government paperwork an expensive pain the last form he returned to Washington, he enclosed a bill for his services. He got no reply. Nuclear Moratorium Could Impact Utah Continued from page lb is substantially higher than those of coal and uranium, although the capital costs are lower (since most electricity generators now burn oil). For instance, had California passed a nuclear moratorium, the cost of burning oil to supply energy to the state would be between $35 and $40 billion for uranium. The air quality of the western states would be severely degraded if coal were emphasized as a fuel rather The study than uranium. estimates one million tons of sulphur dioxide would be released into the atmosphere annually in a coal economy. By the mid 1980's we would need front and backend clean up of particulates and sulphur dioxide, Siri said. The study noted that by 1980 significant improvement in pollution control technology or the relaxation of air quality standards would be necessary. The number of occupational deaths would increase substantially in a coal California would economy. suffer 48 deaths in 1990 compared to one in 1976, while the Mountain Region would suffer 190 deaths in 1990 compared to 16 in 1976. The amount of coal burned in the five western states to supply electricity to California, without a nuclear moratorium, will reach 22 million tons by 1990. CAPITOL THRIFT AND LOAN: The Small Company That Makes Big Loans 45 years ago Capitol Thrift and Loan began helping small, independent businessmen and entrepreneurs who often needed more financial assistance than banks would give. During that time we've watched thousands of good friends carve a successful niche in our growing community. 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