1951

              1951
During 1951 two significant changes were made in executive positions.   In
January Mr. Allen D. Christensen was elevated to the position of Executive
Vice President and General Manager.   In assuming the burden of General
Manager, he took over the important duties that Mr. Lester S. Corey had
discharged with distinction since 1931.
In March Mr. Edmund W. Littlefield was elected Financial Vice President
and Treasurer.   Mr. W. H. Harris retired as Vice President and Treasurer
but continued to serve the Company as Secretary and Director.   Mr. H. N.
Stronck resigned as Vice President, Assistant Treasurer, and Assistant
Secretary.
During the year Utah also formed an Executive Committee for the purpose
of creating a closer liaison between the Board of Directors and the operating
management.   The Board of Directors would hold regular two-day meetings
quarterly.   It would be assisted in its work by the Executive Committee,
which would meet monthly.   Members of the Executive Committee at this
time were:   Marriner S. Eccles, Chairman; Lester S. Corey; Allen D.
Christensen; and Edmund W. Littlefield.
Officers of the Company during 1951 were:   Marriner S. Eccles, Chairman
of the Board; L. S. Corey, President; Allen D. Christensen, Executive Vice
President and General Manager; E. W. Littlefield, Vice President and
Treasurer; A. H. Ayers, Vice President; C. S. Davis, Vice President;
George R. Putnam, Vice President; W. H. Harris, Secretary.
BALANCE SHEET 1951  
Current Assets $12,469,770
Other Assets 2,186,472
Investment in other Companies 1,854,679
Property, Plant and Equipment 9,638,498
$26, 149,419
Current Liabilities $ 6,474,186
Long Term Liabilities 4,826,663
Capital Stock and Retained Earnings 14,848,570
$26, 149,419