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Show I Western Development Spectacular in Next Feiv Decade, Official Avers "Over the next fesv decades you svill see the osrerall ecor omic and financial control many national businesses shift to the svest." This svas the recent statement of Carrol M. Shanks, president presi-dent of Prudential Insurance Company of America, at a luncheon lunch-eon of the Salt Lake Rotary Club in the Utah Hotel. Shanks was in Utah on a tour of svest-ern svest-ern states-No states-No IjOiiger Confined to Branch Offices "Today, American business ana industry is at a turning point," he declared. "No longer can operations of industry, trade and finance in western states be confined to branch office of-fice operations." "The development of the svest:V ern region in the next fesv Agc-J udes svill continue to be spectacular." spec-tacular." Mr. Shanks explained that one reason for this condition is the awakening of many people in the East to vast potentialities of the ss'est. An amazing number num-ber svant to Iisre out here. I'rges Tax Revision , He pointed out that businesses business-es cannot be established as easily eas-ily today as in earlier generations. genera-tions. He urged a revision of the nation's tax structure as an aid to small business men. "Until such time as taxes generally gen-erally can be reduced, I believe the West has a special interest in doing svhat it can to make it easier for small businesses to start and carry on." |