Colorado Springs Gazette-Telegraph from Colorado Springs, Colorado • Page 83

got a friend in the real estate business. At Michel, we think a personality is just as important as his or her training and experience. That's why Michel Associates are all real, genuine and professional. We put the in Si 524 S. CASCADE 473-5431 ACADEMIC GIFT Rick Carlin, vice president Colorado at Colorado Springs.

The car, provid- of Jim Carlin Dodge 3204 E. Platte, gives ed by the firm, will be used exclusively by the the keys of a 1978 Dodge Diplomat to Charles chancellor's office. L. Hinkle, acting chancellor of the University of New York Opens Chicago Office To Help Audit Midwest Area Firms By JAMES WARREN Chicago Sun-Times CHICAGO The State of New York, seeking to expand audits of Midwest firms doing business in New York has opened a 21-person branch here. Auditors will focus on collecting unpaid corporation and sales taxes, along with miscellaneous taxes, such as truck mileage and fuel-use.

New York is convinced that after a six- month training period, the office will recover at least $3 5 million for fiscal 1978-79. The office is located in suburban Rosemont and is headed by a career civil servant, Asa G. Elias, who has specialized in corporate franchise tax audits. In the past New York has flown out auditors for several days at a time to make The legislature rejected the audits. A special task force last Los Angeles idea, agreed to year found the procedure im- Chicago but pared the practical, not producing ade- founding appropriation to quate revenues and advocated $13,000 (which excludes sala- opening offices in Chicago and The staff includes two Los Angeles.

It estimated that two offices, established at a $1.5 million total cost, could yield yearly revenue increases of $11 million. principal auditors, three associate auditors and personnel specializing in sales and corporation tax. New York Tax Comr. James H. Tulley, in a prepared statement, said the state wants to ensure that corporations outside New York not have a competitive advantage against New York businesses simply because the former are not audited as often or as He feels the new office will provide application of the tax A department spokesman admitted New York has a rather liberal definition of since the Rosemont branch will have responsibility for 17 states, including Texas.

Further, the New York plan is not really novel since 20 states have offices in New York to keep tabs on firms that do business in their states By DAVID YOUNG Chicago Tribune The railroad passenger car building industry, hurt by competition from the aerospace industry and foreign firms, has fallen on hard times, but the Budd based in Philadelphia, is enjoying something of a revival, thanks to Chicago. The success is even more surprising in view of the fact that Chicago is the home of the Pullman Standard Division of Pullman, a company that has been building railroad cars since before the Civil War. However, in the last year Budd has: Pullman on a much sought after order for 102 vel commuter coaches for use on Chicago suburban railroads. that it will again bid against Pullman for an order for the first 70 of more than 300 rapid transit cars the Chicago Transit Authority wants to buy. Developed at its own expense a new self-propelled diesel car that the Chicago Regional Transportation Authority is interested in testing.

It is that diesel-powered passenger car that Budd officials hope will enable them to capitalize on the growing energy crisis. The car, named SPV-2000 (for special purpose vehicle), can go almost anywhere a railroad can be built and is suitable for commuter service as well as intercity trains, according to Nor man W. Fesmire, general man ager of railway division. Amtrak also has expressed interest in the car, and Budd offi cials are negotiating with King Hassan II of Morocco to build a plush, six-unit royal train of CPV-2000 cars for him. Fesmire also hopes the car will be bought as a replacement for the more than 400 self-propelled railway diesel cars (RDC) the company built in the 1940s, 1950s, and 1960s.

The RTA is interested in ing self-propelled diesel re debating whether they lean car builders still in the like the SPV-2000, for use in should rebuild their old (RDC) The other is Pullman, suburban cars or buy new added! Both firms have had recent Samuel Madeira, Budd Fesmire. Ninety are in service problems from aerospace firms marketing director, insists commuter lines in Boston, trying to get into the surface the new cars are more Hash-transportation business as the ical for lighter density commu- and New Jersey, and 94 space program wound down, ter service because a SPV-2000 Canada. and foreign rail car costs only $2.62 a mile to oper-i Fesmire said the relatively Iurers trying to expand U.8. ate, versus $6.59 for a locomo- steep price of rebuilding the old markets, tive pulling three bilevel cars RDhs an estimated $500,000 Those factors, plus fixed-price typical in the off-peak service teach will convince transit on many commuter to pay up to $750,000 About half the savings result for new ones. problem is from the smaller crew: The that there is a lot of equipment SPV-2000 requires only an engi-ion the old cars that is obso- neer and a conductor.

he said. need to haul all1 Budd engineers also desig- those empty added Fes- nated the SPV-2000 to out-lturer, St. Louis Car earlier mire. all you need is 109 perform the RDC, which was'this decade, seats, you can use a SPV-2000 well known in the railroad inForeign competition is now contracts, long lead times to delivery, inflation, and the introduction of untested and often unreliable new technology combined to cause losses on contracts and the demise of at Ipact nnp traditional manufac- seen as the most serious threat to the U.S. car building in- at much less 'dustry for its sluggishness.

Fes- The same idea occurred to mire contends that his new cars RTA officials, who are testing a will run at speeds of up to 120 dustry. 1976, 63 per cent of self-propelled car built by miles an hour. The RDC had a the rail vehicle contracts in the Fiat, and have asked top speed of 80. Budd to arrange to test the jf the SPV-2000 is successful, SPV-2000 in regular commuter and Budd officials have gambled $3.5 million in and development on service next summer. Possibly the biggest single market for the new car will come from agencies using aging Budd RDCs.

people United States were awarded offshore (to foreign said Madeira, of Budd. That Includ- research major rail orders in Atlanta, the as- Boston, and Chicago. sumption that it will be, it will Since 1976 Budd has been represent a major comeback for forced to cut its work force one of the two tradiional Amer-'from 1,075 employes to 589. A used Mercedes-Benz is often more valuable than a new anything else. Call us for the surprising facts and a convincing test driv e.

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Academy Place 597-7775 PARK 1HLETIC CLUB WHERE WORKING OUT IS A WHOLE NEW BA li GIME. Another Scurr Messenger development Sunday, Dec. II, 1977 Colorado Springs, Colo. Gazette Budd Company Survives Slumping Railroad Passenger Car Industry AND IF YOU DO TOO, YOU CAN GET A DATSUN. Garden of the Gods Bank is now offering brand new, fuel- efficient Datsuns in lieu of interest on certificates of deposit.

Drive a new Datsun today against interest earned tomorrow and at the end of the specified period your original investment is returned to you. All you do is invest the dollar amount for the term as listed and you receive a 1978 Datsun B210 DELUXE in lieu of interest. easy and it only takes a few minutes. Stop in and see our display model and make arrangements for your personal Datsun, yours with an investment 7,050 for 9.75 years for 5.0 years $24,395 for 2.5 years DON'T NEED A NEW THEN CONSIDER AN INVESTMENT ACCOUNT AT THE HIGHEST RATES PERMITTED BY LAW Early payment will not be permitted. Member: FDIC models available through this program with the cooperation of PLATTE AVENUE DATSUN Garden of the Gods Bank 560 Garden of the Gods Road, Colorado Springs (303) 599-9787.