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Show Sewing Plant Proves Old Fashioned Work Pays Off Wayne Jenkins, owner and operator of Southern Utah Industries better known as Panguitch Sewing Plant, located in Lodge 89, has proven that financial adventure can be successful and can show a profit. The sewing plant was established with a loan from the Panguitch Development Corporation while Clem Church served as president plus an additional loan from S B. A. Since the establishment of the sewing plant, Wayne Jenkins has never missed a payment on the loan This new business provides employment for eight to 16 women and could provide work for more if other women are interested Employees sew for 13' hours to 71 hours in two weeks. A two-week pay period brings to the community more than $3,000 Stockholders in the Panguitch Development Corporation have in saving certificates at this time the amount of $11,377.61, plus a checking account of $1.392 18 All of the stockholders received 80 percent of their money back when the oil project didn't go through. Twenty percent was kept to keep the Panguitch Dev-blopment Corporation organized. The above amount is the money the stockholders still have. |