) Released under the John F. Kennedy Assassination Records Collection Act of 1997 (44 Usc 2107 Hote). DATE: 11-14-2017 . JFK Assassination System Date: 4/21/201 Identification Form ; Agency Information AGENCY: FBI RECORD NUMBER: 124-10278-10469 RECORD SERIES : HQ AGENCY FILE NUMBER:  29-31889-65 Document Information ORIGINATOR: FBI FROM: WALTERS, VERNON G. TO: DIRECTOR, FBI TITLE: DATE: 02/21/1963 PAGES: 55 SUBJECTS : . DEB, ASSOC, BUSS, BANKS, LOANS, APPRAISALS, ° ; VERHELLE, JOSEPH F., INTV DOCUMENT TYPE: PAPER, TEXTUAL DOCUMENT CLASSIFICATION : RESTRICTIONS : CURRENT STATUS : DATE OF LAST REVIEW : OPENING CRITERIA : COMMENTS : Unclassified Consulted Redact 06/25/1996 APPROVAL OF DOJ REFERRED TO DOJ, RPT, TABLE OF CONTENTS PAGE2 v9.1 Docld: 32301634 Page 1- 12
‘DATE? it 14-2017 ' Released ‘nder the John F: Kenneyly Assassination Records Collection Act of 1992 (44 USc 3107 nofey rd . ‘ ~ 2 j . os : © . ~ NS “VGW:SLZ - 1 DE 29-1432 Information compiled in 1962 by FDIC Examiner THOMAS E, LINDSEY at Cleveland, Ohio, and made available at Detroit by Department Attorney WILLIAM P, FRENCH, included the. following data from records of the Credit Department, ' Central National Bank of Cleveland, concerning an application dated April 14, 1958 from The Alvin Naiman Corporation to. - increase to $375,000.00 (from an existing balance of - $101,750.00) a loan secured by chattel mortgages on equipment : "PURPOSE OF LOAN : ( "The. subject has an option to purchase a stone quarry 27 miles directly across Lake Erie from Cleveland :in Canada. The purchase. price of 180 acres of land plus equipment appraised by the Air Compressor Rental Co. at $228,050 will be $410,000. Of this amount, $165,000 will be paid as a cash downpayment, and the balance will be payable by the ton on rock. quarried and. Shipped. "This quarry is expected to produce 700 ,006"'tons of stone the first year and at least 1,000, 000 the next two years with the possible. peak of 1, 500 ,000 tons. The selling price will be at least $1. 00 per. ton. and. profits are conservatively estimated at 40¢ per ton. The. present. operators produced 300,000 tons last year working one eight. hour shift: six days. a week and we are told that. the subject contemplates. two eight , hour shifts six days a week, with greater efficiency in production. \ "We understand that the subject now has irrevocable ten year contracts with two.users of this type. of - stone who will take all available stone up to 1,500,000 tons. Herron Testing Laboratories has tested this. ‘Btone, and it is found to meet specifications for Ohio roads. 4 “The stone will be shipped to Cleveland by boat and it. is believed that these cargo boats can make.a one trip. turn-around each day. Nao . Docld: 32301634 Page 2?
Released under the John F. Kennedy Assassination Records Collection Act of 1592 (44 Use 2107 Hote;. DATE: Jie 14-2017 Uy . _ . GD : f VGW:SLZ - 2 DE 29-1432 | "We are told that this property has only about one foot: of over burden, which compares favorably with - another quarry which was under. consideration,. where — the. overburden was: six feet. , "Tn. addition, the crushing of ‘this volume of stone | ‘will produce about 100,000 tons of flux, which is a valuable ingredient for steel making... This, we are told will produce about $100,000 income in™ ‘addition \ to the. aggregates: profit of 40¢ per ton. "The $275, 000 of new money which the company will receive under this loan application will. be used as follows: "Cash cayment’ for quarry $165,000 Additional equipment — 73,000 Working capital 37,000 . "In addition to the $37,000 working capital. shown above, the purchase will include 50,000 tons of stone . which is ready for shipping and will. provide $50, 000 of additional working capital. "Mr. Naiman tells ‘us ‘that he intends ‘to purchase | the. ‘following equipment | in addition to that. which | is now being used: "Jawerusher: .. $33,000 Motors installed in crusher 10,000 . 2 Secondary crushers 23,000 3 Screens ~—_ 7 7,000 "Our loan of $375,000 will be secured by: DoclId: 32301634 Page 3