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The Sundance Times
Sundance, Wyoming
August 23, 1979     The Sundance Times
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August 23, 1979

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AtThe Fed rbdm F. McMaatm Massachusetts - years, Congress~ Wright Patman (D.- served as ~hairman of Banking Commit- fore retiring, he gave candid assess- Federal Reserve t~e United States to- have in effect two the constituted Govern- .Then we have an in- uncontrolled, uncoordinated gov- in the Federal Re- System, operating the powers which are re- to Congress by the efeller, mainly through his early membership in The Trilateral Commission. Mr. Carter has always done what the one-worlders want. When David Rockefeller suggests that his friend, Paul Volcker, he named to run the Fed, Jimmy Carter obeys. Now, David Rockefeller's man, Jimmy Carter, nms the "duly constituted Govern- merit," in the words of Wright Patman, and David Rockefeller's man, Paul Vol- cker, runs the lesser-known government of the United States. The result is that our nation continues tosuffer foreign policy setbacks, in- flation, and increasing fed- eral control. This is why America is in retreat and Communism is on the march. All of what is happening, you see, is absolutely essential ff a socialistic one-world state is to become a reality. Slmk Gromm form endowme trust The Wyoming Stock Growers Association has formed the Wyoming Stock Aveusr 23,1979 Grower's Endowment Trust to support research and pro- grams of significant value and benefit to the Wyoming livestock industry. Walter J. Reynolds, Douglas, chairman of the board of trustees for the Trust, said, "All donations will remain in the Trust until THE SUNDANCE TIMES PAGE 9 at least 1997. Earnings from this endowment will fund scientific research and ed- ucation needed to assure the continued, but profitable, e~dstence of the livestock in. dustry." TIMES~ . Gets Results O is the "Fed" of the T~ea- actually its sub- When David M. was Secretary of in the Nixon he publicy as much in an in- z published in the May )issue of U.S. News & Report. Asked ff he of the Fed's recent i moves, Mr. replied: "It's not approve or dis- ~. It is the action of Reserve.' ' t Heads Fed ago, amidst of resignations, fir- personnel shuffles, Carter moved G. Miller from the of the Federal to Secretary of the f. new chairman of Mr. Carter nomi- A. Volcker, the of the Federal Re- Bank of New York. the nation's President the actual ap- even The New pointed out that Rockefeller was a influence" in the selection In fact, fellow banker Robert V. can realistically con- Volcker as an ex- of themselves. But labeled him "in- Volcker came to under Robert f~rst at the New York of the Fed and then D~dstant in the Ken- Department. served in the John- ~Ve- and hM held at Da- Chase Bank. Inad- he is a trustee of the Foundation, a of David Council on Relations, and a of David's elitist Commission. (Re- likewise aboard the Ccmncil on Relations and of The Trilateral State important to the Council Commission seek to U.S. sovereignty creation of a so- state run L~mverful few. These totally opposite loyal American. arises: Why Carter ap- a man to run the powerful Federal The an- that Jimmy Carter, ~ h~ job through h~ David Rock- 0 There's no doubt Wyoming is prospering. In fact, by the early 1990's our state treasury is expected to have a $2 billion reserve in funds produced by coal and other mineral development for use by future generations. jl, That's a lot of financial security. And there's still more for us to feel good about. COAL TAX PROJECTIONS For example, Wyoming ranks lowest among the 50 states in per capita taxes. We have no income tax, a moderate sales tax, no gross receipts or inventory taxes, and the lowest property taxes in the Rocky Mountain Region. Ais0 our unemployment rate is the lowest in the nation, while per capita income is second highest and rising rapidly. The 4,000 citizens who work in Wyoming's coal industry are proud to be part of our state's good fortune. After all, our .industry has grown up with Wyoming and has contributed its "fair share" to this prosperity. Taxes and other revenues paid by Wyoming coal have in- creased from $512,000 in 1970 to $56.8 million last year. By 1983, annual revenue from Wyoming coal should,exceed $120 million at present-tax rates. These revenues support highways, water development, education and other pro- grams that benefit all of us. The Wyoming coal industry creates new career opportunities close to home, and stimulates the local economy through payrolls and purchases. In addition,'mining com- panies are working with local officials planning to meet housing, educational, medical and other com- munity needs. They've built housing and commu-. nity centers to help com- munities manage growth. And they're using new technology to rest0te mined lands to a condi- tion as good as before the " coal was removed--and sometimes even better. These are just a few of the reasons why coal and Wyoming have been good for each other. in millions of dollars [~Property and OtherTaxes $121.1 Severance Ta3 $110.8 $92.1 $78.0 $88.8 $86.8 1978 1978 1980 1981 1882 11)03 I Source: Projections from Wyoming Department ot Accounting and Fiscal Control; Wyoming Department of Economic Planning and Development; Wyoming Department of Revenue and TQxation; Wyoming Geological Survey; State Planning Coordinator. WYOMING COAL REVENUES Source Use m millions of dollars in millions of dollars $30.28 ' ' r'-", + $4.1 I . ' 114.3 / ~ -aoecl~ k ~----'1 $18.i.i / \ --- \ \$+?.7 Education~_~ . . " ' t4.3 "----~1 ~ Tote, = .8.88 I ~;g',ii~ies ~ ~. _ ; ~--.-~1 ~ $3.26 ~ ~ / I~Perm. Mineral I ~-.~[ ~ ~ ~ / ~ Trust Fund ] '~'~'/ ~ tl.08 11.77+ $1.60 ~ \~mssPia~Ince/ ~ /17., .... J .... C les General ew ~ N N " m " --e '. :b t'ez " :n:ra,]y ~ L ,,,+ _m",, ,** 11 -- el 0 0 -- ~ m. I I I i i S'.Ou.rce: W.y.omin. g State Treasurer; .Wyom!ng. D'epe~ment of Economic Planning and Development, Minerals Ulv#s~on; wyomm~ uommisstormr or PUD#G Lands; wyoming uopartmgnt of Revenue an~ Taxation, Ad Valorem Divis#on. We wanted you to +lmow Wyoming Coal Information Committee P.O. Box 3671, Casper, Wyoming 82602 ' +..-:.,, ,o~ +* . / + . + +:. +~,+~.L.+++,+ - + ...+ +- - ;-;+:.'+ ~,,,,++,/~/.++,o .+,+. ......... +.+.+/+,+~-..- ++ . : +-'