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Show Chile Wonts Frei, according to aides, will outline the government's new position towards the coptwo-hoper industry as part of a message inaugurating Chile's 154th Congress. SI worlds is the Chile woilds largest under- jf g - " 6B WASHINGTON (AP) Salt Lake City by June 16. said it lost the most to gain from the propos'd Fair Credit Reporting Act, an executive of a credit bureau testified today. If this bill passes, said Paul R. Prietsch of Chicago, "we are going to face a lot of nuisance suits. People with things to hide will threaten smt in the hope of frightening us away from reporting deInformation about rogatory them. How find the men who sold you the insurance of permission to aid the agencies which are seeking to put him in jail. Unless your insurance man is available right now, your insurance is going to be a lot less valuable than you expected The way to make suie your policy will do what you expect it to do, is to buy it through agents If you have a claim, we go right to work tor you to make sure you get fast, fair treatment trom This provision wiil become the weapon of the crooked, the unscrupulous, the deceitful, and the deadbeat . . . Prietsch told the Senate banking subcommittee that his company often gives information to the Chicago Police Department and the Federal Bureau of Investigation. the company When yoj need insurance for your home, car or business look for this Its your guarantee the call of duty. But under terms of this bill, he said, we would be forced to halt this cooperat-tiofor it strains our logic to believe that a member of the Mafia, a non man or a fraud would sit down and write us a n, j The bill under consideration by the subcommittee would give those investigated for credit the right to correct inaccurate information, insure privacy of such data and require that the reports be furnished only to those with legitimate need for it. when his home is foreclosed, when he goes bankrupt, he knows these things. Certainly credit agencies do not need to tell him that these things have t-- ken place, and it is telling him the obvious when we say these things will affect his credit rating. Le Burge, president SALVAGE There it value in your Coll ut bebuilding fore the wreckers 320 East 4th South 17 phone: 328-8- - 1 277-26- 49 of Retail Credit Co. of Atlanta, said a credit applicant should not be entitled to read his file. It is unrealistic to think that people will voluntarily expose themselves EMMY a When a person is divorced, he knows it, Prietsch said. When a person has his auto he knows it. repossessed, When a person loses a civil suit, when he goes to jail, W. ards Elect Chief A 4 196V A.J. Olsen, manager f the store m downtow n Salt Lake City, today was elected president of the Retail Merchants Association of Salt Lake City. m election was announced at the associations annual meeting, which also heard a report from Neal Maxwell, executive vice president of the University of Utah, on the university's new F.W'. Woolworth Co. Earnings Climb At ABC NEW YORK (AP) to the haz- harassment, vilificain this tion, litigation and day of increasing attempts to of channel illegal funds into the real legitimate business possibility of actual personal danger. the If the ICC should grant the request, its action would almost certainly mean the demise of the entire sysy tem, k opere-tio- n linking passenger trains between Chicago and San Francisco. Morris H. Atwood , . . vice president Chicago, Burlintgon & operates Zephyr beChicago and Denver. it is taken over by the Denver & Ric Grande which hooks on to the Western Pacific at Salt Lake City for the final leg to Sa nFrancisco. New.ldentity For Chain? MEMPHIS, TENN. (AP) -Hof America, Inc., directors have voted to change the name of the world's largest motor hotel chain to simply Holiday Inns, Inc. oliday Inns Officials said shareholders will be asked to approve the move May 21, with the motive for the change being to build an international identity for HIA. The firm now operates about 1,000 units in the United States, with others open in Canada, Puerto Rico, the Dominican Curacao Republic, and the Bahamas, and more under construction in Arabia, Morocco, Mexico, Jamaica, Bermuda, Nassau, England, South Africa and Holland. Maxwell told the merchants that firms employing nearly 400 people in Utah have already been attracted to the park, even though the first buildings wont be ready for a year to 18 months. The Tuesday. G o ldenson told the annu- al Davis Bank sharehold- ers Mr. meeting with a H&nsberger continuation of the favorable business environment, particularly in broadcast advertising, ABC L.c., anticipates a higher level of earnings for the full year 1969. Last year the company earned $2.66 a that Advances Director five-yea- Goldenson also announced the election of Robert V. Hansberter, president and chief executive officer of Boise Cascade Corp., to the Hansberger, a professional engineer, has been president of the forest products company since 1957. He is also a member of the National Business Council and chairman of the board of RAM Corp. and Future Industries. Eight nominees for the Salt Lake Area Chamber of Commerce Board of Governors have been selected by a nominating committee. The candidates for the eight vacancies are E. Allan Hunter, president, Utah Power and Light Co.; Paul Huish, president, Safety Unit Elects Officers Huish Distributing Co.; S. C. Johnson. manager, Sears, Roebuck and Co.; Utah-Idah- . heads merchants worth Co. to invest several million dollars in the down-roHe said this n area reflected confidence in the downtown areas growth. y Darger was manager and Lawrence F. Shaw of Makoffs was elected vice president of sec-retai- the organization. New directors elected were Shaw and Richard L. as tie ton of Castletons. Outgoing president is Richard H. Schu-- , bach of Standard Optical Co. , o Neal A. Maxwell, executive vice president, University of Utah; William E. McKenzie, sales manager, Standard Oil Co. of California; Allan Mus-- , grove, president, IML Freight, Inc.; L. S. Skaggs,-chairma- the board, Skaggs Drugs Centeis, and Edward I. Vetter, president, Murray First Thrift and Loan of Co. New Director Named PROVO Jack Timper of Hercules, Inc., has been named as president of the Utah Chapter, American Society of Safety Engineers. Installation ceremonies were conducted by Henry Lamb of the U.S. Bureau of The 10th annual symposium of the Salt Lake City Chapter of the Federal Government Accountants Association will be held Thursday at the University of Utah beginning at 1:30 p.m. A dinner will close tne event Thursday evening. A. J. Olsen C. of C. Names Candidates ABC board. Plan Symposium fb involved r he said climaxed a campaign. No other achievements or projects would be necessary to make this one of the greatest vears in the histhe report tory of RMA, said. A second highlight of the year was decision by J.C. Penney Co. and FV. Wool- - share. The appointment of Morris H. Atwood as vice president of the South Davis Security Bank was announced today by Frank B. Newman, president. Atwood has been a member of the banks board of directors since its organization in 1963. He has been vice president of the Beehive State Bank during the same period. His banking career began 22 years ago at the Salt Lake City Branch of the Federal Reserve Bank of San Francisco where he worked for 12 years. For five years, he was a bank examiner. He has been credit examiner at Walker Bank and Trust Co. and has held the positions of assistant cashier and assistant vice president at Beehive. Atwood has been active in the American Institute of Banking. He attended the University of Utah. companies spent nearly $25 million in the state last year, he added, saying this w'as an important boost to the area's economy, Stanford P. Darger, secre tary - manager of the associa tion, said two events high lighted last years activities The first was repeal of the states inventory tax, which said three-compan- The Quincy tween There, research park. The tUt second quarter ending June 30, ABC President Leonard H. It the - Olsens American Broadcasting Companies Inc. wM have record for earnings $1,795,585 in main- and operating taining train in 1968 alone. letter -G- Vrfi Wednesday, May 21, Claiming spiraling revenue losses, the road asked the Interstate Commerce Commission for authority to drop the service between Denver and the California Zephyr, the famous passenger rain that travels a scenic route through the Rocky Mountains, The WASHINGTON (AP) Rio Grande WestDenver ern Railroad moved Tuesday to discontinue its portion of i jl ' ' r: Anaconda also fully owns the worlds largest open-pi- t copper mine at Chuquicama-ta- , in northern Chile. angsters and deadbeats have very "5" - I7 r'A' 4. three-fourth- Aid To Gangsters Seen In Proposal fjyj t " I4ut Of Train Asked n. Big "I symbol of service beyond -a j" I i interest. was copper mine, an unprecedented agreement between Kennecott and the government. A mixed corporation formed then gave ground through S.L Merchants A y fourth-l- a producer of copper after the United States, the Soviet Union and Zambia. and U.S. private capital know-hodominate the industry here, principally througn the Kennecott Copper Corp. and the Anaconda Copper Co. Frei already has outlined his puiposes to C. Jay Parkin-sudminiMii of the Aiiaeon- rges J the 'Cist' the government a 51 per cent controlling interest Kennecott took a 49 per cent share. But later a nuxed corporation formed with Anaconda for a new mine called La Exotica, which is not producing yet, gave the government only a 25 per cent share. Anaconda s retained a controlling tions between the government and private industry to operate die mines ard increase production. But Freis own Christian Democratic party is deeply split and unhappy about the progress made up to now. El Temente, reputed to be da board of directors, who visited the Chilean president earlier this month. The campaign atmosphere building around next years elections has presidential heightened tensions recently on copper with new calls from Chiles powerful leftist iorces of the for nationalisation entire industry. Fr;i, instead, is known to a Chilean.zation, prefer program he already started by forming mixed corpora CHILE (AP) -PEduardo Frei is resident a demand to larger expected cut for Chile in foreign owned interests operating mining here, as well as higher taxes on op;er sales, in a major policy speech today. SANTIAGO, IrOer CORNER ON COMMERCE The election of John M. Schumann as a director and treasurer of Salt Lake Mortgage Co. has been announced by Keith Thornburg, president. Mr. Schumann has been manager of the investment department of Ideal National Insurance Co. He began his business career in 1949 with J. A. Hogle and Co. and has had experience in the fields of investments, bonds, securities and mortgage loans. He attended the University of Utah, Brigham Young University and is a graduate of the New York Institute of Finance. Standards and national president of the engineer group, in a meeting at the Riverside Country Club in Provo. Other new officers included Ross Pino, Kennecott Copper Corp., president-elec- t , Mr. Schumann NAIC Official To Speak LWngi 4- Save enough now to pay for your vacation in a new '69 Ford, at Potty's big . Kli PJ tr F? - i hi '1 bra U Tom OHara, chairman of the board of trustees of the National Association of Investment Clubs, will address the first annual awards dinner of the Utah Council, NAIC Thursday at the University Club at 7:30 p.m. Reservations may be made by calling Mrs. Margaret Giles or Duane S. Carr 5 Firm Holds Open House An house open at today Sculptured Wood Blaine Provo. held was new plant of the Products, presi Steed, dent, explained to guests the firms process of carving wood doors using a computer to produce the desired pat- terns. U.P. Promotes Sutton '69 You'll wont to blow a bagplpo whon you see these and ovor 200 specials on '69 Fords LTD 4-D- - Sedan oor NEW YORK Reginald M. Railroad Pacific Union Sutton, vice president and comptroller, has been retractable Die cast gri e bright exterior moldings headlamps color keyed carpeting pleated trim Includes: at 390 Potty. engine select shift cruisomatic. '69 Mustang Fsree appointed exvice ecutive of president 2-- V 2-D- 2,914 oor the company. Sutton is a resiformer dent of Ogden, Utah and has Hardtop been with Includes: Floor mounted shift lever vinyl bucket seats dual head lamps color seat belts keyed carpeting trans. Union Pacific since 1915. E. push-butto- n 2 Quauty 2 (.V.-An- 2-D- oor Hardtop door trim ded seats courtesy lights seat belts select shift Includes: All vinyl cruisomatic 250 CID engine. foam padpush-butto- n Salt Palace. $0 4CJ"I I Includes: Three-wamagic door gate All vinyl trim color keyed carpeting push- button seat belts select shift cruisomatic 302 CID y Hop out to Petty now. You'll never have more fun saving money! The forum is sponsored by of Bank First Security in cooperation Utah. NA with the Association of Utah ; fcyHUf '69 Ranch Wagon i One of the highlights of life week, this week will be a public foium on Taxes. Life Insurance and Your Estate Thursday, 7:30 at the p.m., in Room insurance '69 Fairlene for all who visit Petty's huge showroom during this sale Thursday thru Saturday. Free ice cream will be served by Scotch lassies from 1 to 9 p.m. Thursday and Friday, 9 a.m. to 5 p.m. Saturday. (Children must be accompanied by adults.) Mr. Sutton Life Underwriters. Modating the discussion will be Ralph D. Cowen, vice president, First Security Bank of Utah, N.A. Panelists in. dude Scott D. Allen, trust offi- cer, First Security Bank of Utah, N.A.; Merlin R. Leish-maCLU, Bankers Life of Iowa; and Brett F. Paulsen,, attorney. Salt Lake law firm. n, Utahns Head S.F. Unit j Two I former Utahns have of the been elected officers San Francisco Chapter of the l Financial Executives Institute. They are W. Drew Leon 2,947 ard, who became president after serving as first vice president of the institute, and Richard B. Sonne, secretary. Mr. Leonard is vice president and controller of Utah Con- struction and Mining Munis h Over 52 Yoa.S With Ford to tty 9th East at 21st South As little as $150 down EASTMAN all new and used models on approved credit. Use your bank credit for down payon in Sugar House HATCH AND COMPANY INSURANCE m ment. 467-543- 1 s I ' Estate Forum Planned 2,423 engine. Scotch Hop Ice Cream VW it. JyCk'W. CID Frank Barnett, chairman of the board and chief executive officer, also announced Tuesday the appointment of William S. Cook as vice president- finance. Cook has been vice president and comptroller of Ebasco Industries, Inc., a di- versified investment and eper- ating company. A native of Omaha, Sutton attended Creighton University and continued his education with the Alexander Hamilton Institute and the International Accountants Society. Co., having b e p n with the firm since 1948. He is a graduate of Brigham Young Univer sity. Mr. Sonne, vice president and controller of Del Monte Corp., is a native of Logan and a graduate of Utah State University. dr |