Internet Payments

Secure & Reliable

Your data is encrypted and secure with us.
VeraSafe Security Seal

Lethbridge Herald Newspaper Archives

- Page 60

Join us for 7 days to view your results

Enter your details to get started

or Login

What will you discover?

  • 108,666,265 Obituaries
  • 86,129,063 Archives
  • Birth & Marriages
  • Arrests & legal notices
  • And so much more
Issue Date:
Pages Available: 72

Search All United States newspapers

Research your ancestors and family tree, historical events, famous people and so much more!

Browse U.S. Newspaper Archives

Select the state you are looking for from the map or the list below

OCR Text

Lethbridge Herald, The (Newspaper) - November 25, 1970, Lethbridge, Alberta 40 IHC UIIIBRIDGE MERAID Wodnosdny, Novcmbor 25, 1970------------------ Ron Banister o I a rare breed EDMONTON fCf'> Hnn- ?.ld Kitchener Banister, al 31, is one of a rare brood of busi- Canadian who is chairman and president of a largo United Stales-based in- dustrial concern. Banister Continental Corp. was formed in 1069 when Mr. Banister sold his pipeline oji- erations to an American com- puter-lending firm. Continen- tal Computer Associates (.V.V.I of VYyncotc. Fa. Together. Banister Pipelines Ltd. of Edmonton. Banister Pipelines Inc. of Minneapolis, Minn., and Continental Com- puter have assets of more than S-lii million. .Mr. Banister, a former Oko- toks, farm boy ami heavy-equipment operator, is the boss. Dapper greying red hair and a neat moustache, he was dressed for a recent in- tervicw in a well-cut suit IliaL flattered his solid six-foot frame. But one part of liis dress, like his finu handshake inner- Itec! from liis heavy equip- ment days, revealed his back- ground. This was a big silver western buckle. GOT LUCKY lililiAK His office, expensively fur- nished on the top floor of (he Banister Continental building in south Edmonton, features numeroys photographs of his favorite wife and children and pipeline-laying. After the Second World War, when be was a navigator in the fiCAF heavy bomber group, Mr. Banister started selling heavy equipment and was lucky enough to get into the business when the oil in- dustry was getting ready to put Alberta on the economic maps of the world. When the Leduc oilfield south of Edmonton was brought m years ago, he came up from Calgary with I he idea of selling equipment to the contractors. An American firm already had the eont.raet hut undis- mayed, Mr. Banister went to Seattle to buy a second-hand ditch-digger, determined to get into the pipeline business. "I emit my job and ran that ditcher. Then Imperial Oil let we bid on some of then- work." That was the start, and rince then his crews have laid more than 60." million feet of pipeline in most regions of North America. In 1957, his firm got the con- tract for the lines that fed the first Alberta natural gas iiito the trans-Canada pipeline sys- tem from the Bindloss area m the province's southeast. BOUGHT OUT PARTNER In 1959, he bought out Ills partner who had handled the contractual end of the busi- ness, but it was his sale to Continental Computer Asso- ciates in 1969 that excited him most. Continental was established by former employees Inter- national Business Machines Co, Ltd., who bought IBM 360 computers and leased them out. Mr. Banister had been ap- proached by a number of in- dustrial conglomerates and was about to make a deal to become a small part of a million corporation when Con- tinental arrived on the scene. The merger was made even more satisfying by the fact he wound up as Banister Conti- nental's major shareholder and chairman of the board, lie was elected president last July. "It's funny when I think about it. It's like a reversal of running the company that bought us out." Banister's sale, on the basis of equal amounts of cash, stock, notes and convertible debentures, brought the usual reaction from people who said he was allowing another American takeover of a Cana- dian firm. PUN WAS INTKNDKI) A letter to the Udmonton .lourmd described him. pun o b v i o u s 1 y in'endc-d, M a ''profit honru in one's own cou" iBF r vi'WPs Woolco's own superbly tailored Permanent Press Dress Shirt. Tailored exclusively for us by a leading Canadian shirt manufacturer irv a remium uality broadcloth of 65% Polyester and 35% Cotton with premum quaty a Permanent Press finish. Styling the Windsor collar with the medium wide-spread for to- day's new wider ties. Dressy French cuffs. Ideal Christmas gift {or fhe men on your list. Colours Popular deep lones of Blue, Copper, Green, Brass, Mauve, Red, While. Sizes 14-17 in all popular sleeve lengths. i WHEN YOU BUY TWO Reg, Woolco Price 6.87 each SAVE 1.40 en Eacli Si Each Only 5.47 v" f' Tie an j. w- Our exclusive "Roxboro" shirls ore olso available with a colour co ordinated pure Polyester tie in tho popular new wider widths. Truly a handsome gift df-o! WHIN YOU BUY TWO Reg. Wooko Price 8.88 set Sets E 1.41 on EcicSi SIT II -i-'v n Gollege Shopping Mall iiih-f tataw' w- i Mayor Magrath Drive ;