OCR Text |
Show Wednesday, March 9, 1977 supplement to the National Enterprise Red Carpet could roll out the back door US has no faith in Fd Favors Checking Interest its mail The Federal Trade Commission seems to prefer using the press wires to the postal service to relay its messages these days. According to the UPI wire service, the Commission last week approved Utah Power & Light's application for permission to purchase Deercreek Mines. and Wilberg according to a spokesman at the power company, the commission has not yet notified anyone in the company of its decision. Early in February the Utah Public Service Commission granted UP&L tentative approval to purchase the mines, pending approval from the federal commission. Utah Power indicated it wants to purchase coal from the mines to fuel its y-generating plants. But. electricit- While Utahs financial community has not yet had to make a choice about whether to pay interest on checking account deposits, banks in other states have had the And, in a opportunity. recently published study, the Federal Reserve Bank has recommended that Congress remove or modify its ban on deposit interest. Utah bankers have been preparing for the possible changeover, with cautious activity behind the scenes. In their accounting departments they have been figuring out exactly how much each service costs them, preparing for the most certain impact such an action by Congress would have: no more free checking packages. If we had to pay interest on checking account deposits, we would have to start charging a monthly k service fee plus a 44-year-o- ld check-bychec- fee, Carnago of End of Mall Feud with UP&L Looms said Tracy-Collin- Ron s The same would be true for all our other services. The net result of such an action would be the consumer will pay more of the Bank. Owners of the Cottonwood Mall have tried for the last eight years to operate a total energy system, but have been blocked by one A obstacle or another. Public Service Commission hearing on March 29, hopefully marks the last hurdle before the system becomes completely functional. According to Sid Hor-mamall owner, the Si. 5 million energy system was built with conservation and self sufficiency in mind. However, shortly after completion, Utah Power and Light filed suit to prohibit the mall from generating its own electricity. A court battle followed with UP & L attaining an injunction which states Cottonwood Mall was public not private property and consequently could not generate its own electricity. Horman appealed the case to the U.S. Supreme Court, which refused to consider the case. He tried other methods to secure a private property status including a vote by the (See END of FEUD, page 10b) n, cost of each service, he added. Corporations Would Benefit Carnago pointed out a The "substantial portion of the money in demand deposit accounts is in corporate acThese large accounts. counts are fairly inactive so, if Congress were to lift its Work Week: Four-Da-y We Tried it ban, corporations would be the greatest beneficiaries of the new system. As a recent article published by William Burke of (See FED, page 15b) and Liked it hy Jo Schneider Review Staff Writer of conservation. that the long planned for President's Day weekend is over, workers are preparing for their next three day holiday Now -- Memorial Day weekend. Three day weekends are much longed for occasions for the work force. They are accompanied by spectacular retail sales, special air fares, and detailed plans of how to leisurely enjoy the additional 24 hours away from the job. Employees at Beehive International, however, enjoy such speculation every weekend, because every weekend provides three days away from the job. The video display computer terminal manufacturer is one of the first Salt Lake companies to offer the entire work force from administrator to line worker - a three day weekend, with a 10 hour, four day work -- week.. Dixon Merrill, director of investment relations, says the motivation was strictly one Advantages now far outweigh disadvantages and the shortened week has been maintained. "The original plan was an effort to reduce gas consumption by 20 percent by lessening the number of trips made by employees to the plant. This was accomplished by a shorter week and it was our contribution to the gas energy crisis that began three years ago, Merrill explained. Now the reasons for continuation are multi faceted. A day with no interruptions. Merrill said was the dream of many business people, but the reality of only a few. Beehive International refers to this day as "Open Friday' a day in which administrators can come in and clean off their desks or anything else they choose. According to Merrill, "Open Friday offers employees a day to conduct personal business on a day when professionals such as doctors and loan officers are also on the job. "A manufacturing plant is especially (See FOUR-DApage 5b) Y, SL Brewery Will Be Restored The century old Salt Lake City Brewing Co. building, located at the curve near 11th East where 4th South becomes 5th South, is being converted into an office building. According to the new owners, Vernon Dickman & Assocand Dickman-Rud- d iates, the restored building will house Dickman's office on the top floor and executive offices for insurance firms and other companies on lower levels. Dickman expects to rent space for between $6 and $8 26,000-square-fo- ot 1800-square-fo- ot a foot. Having started con- struction in December 1976, Dickman said he expects the building to be ready for occupancy within nine months. He estimated the entire restoration job, including a 96-cparking will $1 about cost garage, million. He is currently (See BREWERY, page 3b) ar artist s rendering of the Salt Lake Brewing Co. on Fifth South depicts how the century old building will look after a $1 An million restoration job. blew owners Vernon Dickman and Associates be to hope ready for occupany in nine months. Dickman-Rud- d & |