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Show T'it , v 41 h I ft '.MtMrak. i P t4? ,. && . r ,- 1 - u4 f? A I': ' B1 ,'lt rrrcizm 4f L j3i f ;Hf 5 if l,iiti!l if I l! h I ; a; acsa & iUii 1 5 h!$ iV 4 -- 3 9 ". tl : ? U' 4 v H ?2 af. This Imposing structure at the University of Utah houses the art and architectural facilities. Built at a cost of barracks-typ- ft replaced old wooden buildings from the World War II era. $3.5 million, e Week in Finance Balt fitki Canada Takeover? Th Battles Joined By Richard E Mooney New York Times Writer In the great American NEW YORK tradition of vigorous resistance to foreign aggression, the Texas Gulf Corp and the 'Canada Development Corp. are locked in combat in the federal courthouse in Houston 1 -- creation of CDC, a the Canadian government, has made a .bid to take over Texasgulf, a mining giant based in Texas. The issues involved tare the very essence of the problems that ; multinational corporations cause and the - problems that they face These corporations are tremendously effective and but they are also tremendously powerful (.el Morse l, The issue has become- will there be a genuine effort to establish rules of fair ' the companies play for all concerned as well as the countries in which they or will the anarchy continue operate " and get worse7 - Vt'V ments are reacting and they are moving right into this country It w ill not be long before the sheiks and emirs of AFaby own refineries on the Atlantic Coast and gasoline pumps on Mam Street 4 Va multinational corporations. The laws of the United States cannot reach to all the opeiations of foieign companies that extend partially into the United States nor to all the operations of American companies that extend partially abroad. Neither can any other governments fully govern these enterprises veneration object a fire station or sewage disposal works would have had to have been of built anyhow Section It Page 12 However, the State Budding Board and the legislators of the period may properly look back with pride upon the urgings and actions that gave birth to Supplier Says Food Values Good Buy Despite Cost And if it is difficult at the national level, consider what is happening m state capitals these days Two of the nation's biggest states offer a striking contrast - There is pending m the California legislature a bill to curtail foreign bank operations in the state It is supported by the small banks which are hunrting from Harris Ashton, chairman of General J Texasgulf is not one of the American the growing competition, and opposed by Host Corp., New York, said in Salt Lake the banks which have branches City that food costs still account for a J super giants that have spread all over abroadbig and very much want that those relatively small amount of personal dispthe world and overwhelmed local indus-- J such as Gen- - branches not be curtailed in retaliation. osable income in the U S compared to try wherever they went At the same time m Illinois, which has other costs. 2 oral Motors, IBM, ITT and others. But it banned branches of foreign banks until a Canada is company that might logicalAmencans get more protein products now, tne legislature has just legislated to ly want to control herself. Texasgulfs in their diet than anyone else in the let them in biggest property is the Kidd Crt ck world, and at lower costs, he said - silver-zin- c mines in Ontario Mr Ashton was en route to YellowWhich is right Illinois or CaliforOn the other hand, Canada is not nia7 And why should state legislatures stone Park to preside at the annual meet-- Chile or Libya. As a basically friendly be regulating ing of the subsidiary Yellowstone Park "neighbor she would not likely resort to anyhow7 Co., Tuesday, and quarterly and monthly blatant expropriation of an American meetings of the subsidiary Cudahy Meat (Copyright) Co , and General Host Corp. company. But, quite clearly, the urge is the same m Canada, Chile, Libya and Serve on Board whose basic many other countries E. Weston Hamilton, Salt Lake bank wealth of natural resources is coner, is a member of the board of the par-ei- ' trolled by foreign corporations They feel and two subsidiaries I. J. Wagner, and indeed they are being exploded Salt Lake businessman, is a member of to , they are, although not necessarily the board of the two subsidiaries f their disadvantage. Canadian rcstiveness TOKYO (AP) Japanese automobile about American domination of their in Mr Ashton said he expected beef manufacturers are facmg possible proIdustry has been mounting for years duction cuts as a result of a shortage of prices to me by about 10 percent after Jl steel and other raw materials, industry the end of the freeze Sept. 12, then to Produces Solon back down. There already is indication officials said Saturday Texasgulfs resistance to the CDC broilers of a price drop m other meats takeover bid may not be entirely Eiji Toyota, President of Toyota chickvns notably, he said. and Perhaps texasgulf does not want Motor Co. and the Japan Auotmobile He said he expected sales and earnnot by Manufacturers Assn., said the industry to be taken over by anyone has decided to comply with a request ings of General Host to be better in 1973 CDC, not by Gimbels, not by nobody But m this case, m the courtroom m from the Ministry of International Trade than in 1972 when the firm had fier share a Houston, the subject company went so and Industry that automakers reduce earnings of $1 65 on sales of more than dollars. billion half far as to produce a United States senator their purchase of steel by 23,000 tons per Lloyd M. Bentsen Jr. of Texas him- month, or about 10 percent over the Depends on Impact as a witness Bentsen is sponsorself period beginning September He said his estimate, however, is conThe ministry wants to divert 460,000 ditional upon federal food regulations ing a bill in Congress to curb foreign control of American compames metric tons of steel normally used by the impact He noted that at one point durhome electric auto, The implicit warning is unmistakable-'Americaing the freeze, the firm was buying live companies may dominate in- appliance and other major industries to hogs at 42 cents a pound and selling the cut out" product at a 37 cents a pound compames. dustry abroad, and may protest to the small and medium-size.skies when an Allende or a Qaddafi average. snatches their property But foreigners Boeing He said it is unlikely - - though there are no welcome to take over a company of such NEW YORK (AP) of eliminating concestalk The is Co. Boeing in this country even if they observe ail has denied such large national facilities from sion that its published reports the accepted standards of law and com- ( T, A Wilson, foresaw a possi- parks of Yellowstone ihairman, merce and pay in full ble turndown m earnings for the compaThe concessions are important partThe other message m this case is that ny Boeing said at its headquarters in icularly to meet the needs of the older multinationahsm is not a affair Seattle that W ilson, during an appearance and and Yellowstone younger visitors t American multinationals still dominate the m Tokyo, made no reference to a possi- is simply too big to be without them. scene. Eight of the 10 biggest are based ble Boeing Co earnings turndown, nor More ideally, be said, the government in the United States But foreign that Boeing is experiencing a reduction in should build and own concession facilities are growing, foreign govern commercial jet transport orders." and lease them out to private operators Japanese Face Cuts In Auto Production on a seasonal basis. General Host currently owns and operates the concessions m Yellowstone and Everglades National Park through subsidiary companies He noted that Yellowstone has a season and that it is particularly difficult to finance, own and operate property located on land leased from the government General Host's widely diversified operations also include Van de Kamps, Eddy Bakeries, which has a plant at Ogden; more than 509 LiL General convenience stores, Alhed Kid Leather Co , American Salt Co , which acquired Solar Salt Co of Utah last year, mink ranches and mink food producing facilities y h six-ve- this for All first chairman and still chairman of the Utah State Building Board is Dr ElRov Nelson, (financial vice president of Fast Security Corp The board was Mr. Woody established m 1957 in the first year of Gov. George D Clydes administration i The late Gov. Clyde, as Dr Nelson recalls, was quite aware of the need tor a budding program particularly on the states campuses W REAL ESTATE MORTGAGE LOANS E Plant SERVICE YAL YEAR 1 140 145 149 1967 1968 1968 CAPACITY 4,000 lbs. 6,000 lbs. 8,000 Ihs. TIRES Pneumatic Cushion (New) Cushion (New) 106 106 100 IPO IPG IGP $3,500 KNTOR BUY fop cosR.ni information call $td Rinsed JOE VIOLA WAREHOUSE SPECIALISTS We are currently building for lease or for sale warehouses of various sizes on several pieces of property. also build to your specifications, or to our designs, on your ground or ours. We WHAT ARE YOUR NEEDS? WESTERN ROAD MACHINERY UU & building for tease INC. 4865409 LABORATORES, INC. 3 Kensington Ay., 466-314- or 407-60- 1 SIC 1 IDAHO Telephone 328-250- 6 k i m s 4CC.07C-- 3 cont-ac- 25350 transmission service is a sure thing at Rick Warner Ford-- in tact cars m by 10 00 a m wit be out by 6 00 p m the same day service for most domestic Ford products includes all parts and tabor-exc- ept torque One-da- FOH COHTRACTS! convert that ijmj y converter, if needed guaranteed 4,000 miles or against all defects in parts or workmanship if your transmission needs on'y minor adjustment, you pay only the tune-uprice p t ,hownte,ow AUTOMATIC equity into cash For full details visit or phone any mortgage loan counselor at Prudential Federal Savings, 155 Lad 33rd South, Salt TRANSMISSION P and INSPECTION Mrvic tor me A domttc J f 95 I3 ford product wif 1 and Mcto Roam Mercedes-Ben- z Diesel-Powere- d OTOR HOME RICK WARNER FORD Atfiomatic Transmission Rebuild C3n 943 XL 2Isf S0. 1 -- PRICE IS A PROMISE AT Rfl sold your home on a real estate contract, you DUIVELtUES il vmAaum i,iupn AY AQt I go u rO - IOOC " THE WAREHOUSE PEOPLE CITY. UTAH TRANSMISSION SERVICE if youve silver mining properties, patented claims available Hi LAGOOFJ STASRO or Sale CAPITOL INDUSTRIES, Call Mr Romney A Mgr. The Warehouse People Call right now for a real good deal on warehouse space 7300 SO MAIN SAIT lAKf Col. I LEU leasing $5,290 $3,250 1-D- CONTRACTS Continued on page x 355-741- UNIT NO. MECHANICAL We provide site, plans The I tah Senate and House went overwhelmingly for a bond issup m 1965. Gov Clyde, however, vetoed the meas-ui- e There was no overriding as the Republicans allied with their governors persuasions The 19b5 legislature voted $67 million m bonds with the urging and blessmg o Gov. Calvin L Rampton which were marketed at what is the now fabulously low municipal rate of 2 91 percent. 262-7411-- A PUSED FORKLIFT TRUCKS! ls Warehouse In 1920. the state bonded to build highways and was forced by the Depression to refinance its indebtedness m 1940 The bonds were not paid off until the 1030s (Plenty of Free Parking) multi-nationa- OSCILlOSCOPtS, fTC. McDICAl El 'CTRONICS ANAlTTlCAl CHEMISTRY -- a LOAN FIRST THRIFT 341 So. 5th East ; Office - We Lease Ail Makes & Models 5716 So. State, Murray, Ut. one-wa- y BUILDING? There was a prevadmg sentiment at the time perhaps bom of the pioneer's that the state, like an indifrugality vidual, should pay as it goes " If it didn't have any money in its pocket, it should forego any spending particularwith borrowed dollars ly But as early as 11, the S'ate Buildmell inflation in the ing Bo.ird could wind and begin to urge the state borrow rtioncv for budding by bonding But thcie h id heen two notable unpl c'jsant involvements with bonding Dr Nelson recalls Salt Lake City and Conn ty hjd bonded for the the City and Countv Building belore the turn of the century ar.d had not been able to pay oif the bonds as scheduled. jpai 'qi PERSONAL SIGNATURE LOANS - INSTRUMENT REPAIR AND CALIBRATION $67 million. ALL TYPES OF LOANS Denies Reports NEED A look The result is that the state got m about $109 million worth of building, including $23 million of matching federal funds and $13 million or so donated or otherw ise inspired auxiliary construction Glen R Swenson, director of the State Building Board in 1T7. estimates that based upon the average rate of inflation for the construction pined the cost of replacing the buddings at today's prut's would be 140 mii'ion If it were neiess.iry to stretch out const! m at tion over a throe-yea- r period the replacement today's inflation rate cost would be Sll mill.nn V Call today . . . The University of Utah campus but for a few new buildings and the World War II type barracks 'dassrooms had changed little from its trol phone us for an immediate toon. Payment plans to fit your budget. d - Monarch Motor Home It's American ingenuity It s the motorhome for those who want in engineering, styling, and comfort Built on a Mercedes-Ben- z chassis. Monarch is the first diesel-poweremotorhome to go into series production m the United States, and will go 1 5 to 1 7 mpgon low cost diesel fuels. A When you step into Monarch, you are immediately surrounded by a new measure of notorhome luxury. Everything, from the shag carpeting to the rich woodtone panelled walls tells you that this smoothness, a remarkable steadiness of ride provided by an advance-engmeeie- d suspension system, and the marvelous quiet which is a icy to evey Monarch driver For additional information, write, phone, or come to . . TUNE-U- pric ppAcdWp tf noodol Caw Lake City, Utah, Phone 521-385- 10 robot id cool 0. for appointment 323-466- 1 t am South Freeway Exit West Temple to Main il IMPORTS 525 So. Stale Ph. 521-6GQ- 4 m r cd - the $67 million bonding and building program passed by the 1965 legislature The state went to market with its bonds when interest rates were sail rela tively low It launched its building proj ects before inflation galloped out of con- If CASH will HELP . JE xeno-phobi- three-mont- offi- Quite often there isn't that much to 1973 bond many projects financed by the sue passed in 1965 by the Utah State Legislature. Look ack With Pride? Task A Cinch for Building Board look back upon The August 26, I Up and Down the Street By Robert H Woody Tribune Business Editor It is a standard cliche of public cialdom to look back with pnde Sunday Morning, Can't Govern National law cannot equitably govern Coliege of Nursing Building, !o- on the University of Utah campus, is one of This ) |