davidaulloa/AmericanStories huggingface dataset:
Evening star., 1949-10-09
Petty Thetts Drain Millions From Our Banks

thread came apart and the lady
went to Jail for four to eight
years.
Other fairly common embez-
element techniques, according
to Mr.. Zimmerman. involve
intricate manipulation of the
banks audits and issuance of
fictitious loans. Both methods
have to involve high officials in
the bank. Neither is a sure
thing, as P. James Pellecchia,
jr., learned.
Pellecchia. a former police
court judge in Newark, N. j..
was sentenced last January to
10 to Is years in prison for en-
bezzlement of $657 900 from a
bank in which he was vice
president and counsel. He
did this. it was charged, chiefly
through phony mortgages.
The loans apparently went
through without question be-
cause they had vice presidents
okay. It turned out the vice
president played the races.
Bankers are attacking the
rising incidence of inside
thievery on several fronts. One
of the biggest campaigns is
being waged by the National
Association of Bank Auditors
and Controllers. The associa-
ton is urging banks to improve
their auditing controls and to
install a system whereby the
bank periodically asks all
depositors to verify their bal
ances.
distributed BY the Associated Press.>
Evening star., 1949-10-09

NEW YORK.-Every year
an estimated $10,000,000 is
stolen from banks in this coun-
try by bank employees and bank
officers.
OF course, this is Just a drop in
the bucket compared to the
banks total assets of $176,000.-
100000. The great majority of
bank people don't steal. But
bankers are increasingly con-
cerned by the fact that the
bucket has a. hole in it.
Through this opening drains
a known $4,000.0 900 to $4,000, 900
year. That's how much the
insurance companies pay out to
cover the losses. But the actual
total loss every year is believed
to be much higher because
many thefts aren't discovered
for years after the event.
For, example, in an upstate
New York town. there was a
, bank controller who allegedly
swiped $4,000 in the years
1929-1933. A controller, by the
way, is the chief auditor Of a
bank; his job is to keep every
body else honest. ...
Losses on Increase
Well this fellow didn't dip
into the till after 1888 and con-
tinued to work for the bank as
trusted employe. Then last
year, the losses were discovered
but because of the statute of
limitations he couldn't be tried
for embezzlement. He was con-
victed of falsifying bank rec
ords, which he allegedly had
done every day for Is years,
and got three years.
"Defalcations are increasing"
reports William Zimmerman,
assistant secretary of the Sur
ETY. Association of America, a
group of bonding and surety
companies which insures banks.
Bank deposits are at an all
time high. The temptation is
greater"
It will be noted that people
in the business snun the word,
steal" More commonly they
call it "defalcations." When
bankers get really blunt. they
call 1t dishonest losses"
Bank employees, according to
Mr.. zimmerman's surveys, steal
more often but bank officers
steal more. The highest fire.
quency rate occurs among tell
ers.
The smaller the bank, Mr..
Zimmerman says, the greater
is the possibility of theft; there
are fewer people checking, on
each other.
When bank officer defal-
Gates, the method usually Is
Evening star., 1949-10-09

the United States has been jute.
both processed and Impressed
The better grade of jute is raised
in Eastern Pakistan but tradi-
tionally has been processed in
mills in the Calcutta area of
India. If both countries were op-
Grating with devalued currency
the price of the finished product
would drop to lower level in
terms of dollars and exports to
the United States might be ex-
pected to increase. With the raw
Pakistan jute now heading for a
higher price in terms of the In
dian rupee, however, the eventual
dollar price to this country also
will go up.
Agriculture Basic Industry
India's food problem is not only
the most acute of its immediate
worries, it is also the question
most demanding of a long-range
solution. The Nehru government
has set 1851 as a target year for
self-sufhciency. but a tremendous
development program will be
needed to reach this goal. Pos
sessed of more than adequate
areas of arabic land, the utiliza-
ton of it to an effective degree
requires first of all a greater edu-
cation in methods of modern, SCI
entific farming. It requires, Sec
ondly, the institution of irriga-
ton systems accompanied by flood
controls which will end the yearly
destruction caused by embarrassed
waters. And it requires. thirdly,
a program of reclamation which
will salvage substantial acreage
from pest growth and jungle.
In a broad framework of India's
development, it is felt that agri-
culture must rank as the nations
No. l industry with a secondary
emphasis on production of con-
sumer goods or processed goods
for both internal and export use.
Planning for either or both i'm
plies recognition that there is
great need for new capital equip
Evening star., 1949-10-09
Pondit Nehru Making
First Visit to
America
By John c. Henry

The visit of India's Prime Min
lister, Pandit Jawaharlal Nehru,
to the United States, with his ar
rival in Washington scheduled for
next Tuesday. presents a timely
opportunity for strengthening the
political and economic ties be-
tween the Western bloc and the
Southern Asia group of nations.
1t is fair to say, without implied
belttling OF any other interested
government, that the two coun-
tries most directly involved I'M
this visit are the dominant ones
in their respective spheres today
Actually, the timing OF the
Nehru visit is fortuitous even If
not calculated. Pandit Nehru,
widely travelled and highly edu-
Gated, has never before been in
the United States. The suggestion
that he might find such a trip
informative and valuable, and
that he would be most welcome,
was made to him through diplo-
matte channels more than a year
ago. No earlier date was fully
convenient to him and none would
have been more suited to high
level personal contact in an at
mosphere of friendliness and
mutual interest.
Role of Neutral Favored
Already on the record as seeing
the role of India as that of a
neutral force not to be entangled
in the East or West blocs now
centering in Europe. Pandit Nehru
has brought his country far along
the highway of its new independ-
ence. In approaching a relatively
high degree of internal political
stability his government has been
effectively firm in controlling an
aggressive though rather small
organized Communist front -
nearly 5000 Communist leaders
are currently in jail-and in curb
ing extremist religious groups.
Economically, his country has
suffered the same pains common
to all those tied to sterling as a
currency, plus some others Pc
culiar to India alone. The long
association with the British En-
pire, naturally enough, resulted in
the Indian economy being mex
tricably part of the British econ
omy. British issuance of notes
without backing for payment Of
wartime obligations in India built
up a sterling debt to India in
London and a condition of infla-
ton in India itself today.
India has recouped some OF this
debt by increasing its imports
from the United Kingdom but
crop shortages in India and
Burma, a principal source Of the
Indian food supply, has forced
heavy purchases from the dollar
area. Along with other countries
of the sterling bloc. India agreed
to curtail it's dollar purchases by
approximately Is per cent, but
even this will not restore the do
minion to it's prewar status OF
being a dollar learner for the en-
pire rather than a dollar -spender.
A new economic vexation arose
when Britain devalued the pound
and India, along with many other
countries, did likewise. Pakistan
did not. This lack of unanimity
has created a new irritant be-
tween the neighboring countries
and is disrupting, at least tempo
rarily. to what was becoming the
normal economic relationship be-
tween the two countries. 1t like
wise threatens Indian potentiality
to benefit by the devalnation in
trade with the United States.
Principal export from India to
Evening star., 1949-10-09
East Meets West his Week
Trip Affords Chance
for Exchange
of Views

technical assistance program
would be most appealing to the
Indian government, as would a
so called point four program
originating in the United States.
At this point there is some psy-
Geological resistance in India to
unrestrained enthusiasm for in
vestment of foreign private capt.
tai. India's struggle for inde-
pendence had its roots not only
In turning out foreign political
domination but also in releasing
its economy from the control OF
foreign capital. Their wariness
toward encouraging new capital
from abroad is understandable on
that ground, but it is an atmos-
phere which may be cleared up
somewhat if Pandit Nehru finds
during his visit here that Ameri-
can adventure investment is not
grounded in British colonial phi
losophies.
It is more than incidental that
at the time of the Nehru visit
here there will be continuing q
variety of pressures. from Moscow
for further penetration, eithe,
military or political, into South
and Southeast Asia.
Pakistan, somewhat less in.
clined to be neutrally aloof anc
perhaps piqued bit at the feeling
that Britain has indicated g
greater concern for Indian thar
for Pakistani welfare and friend
ship, is sending it's Prime Minister
to Moscow on a visit. Actually
our own State Department feels
that Pakistan is fundamentally
more friendly and compatible with
the West than with the Commu-
mist powers. SO they are not view
ing with alarm.
Policy makers in the State De-
partment are aware. incidentally
that there is danger in any feeling
among the South Asian peoples
that our interest in their welfare
is too subordinate to our pre-
occupation with Europe.
Community Interest
The old bogies of colonialism
and racial discrimination are still
high up in their thinking-and are
kept there by the constant Com
munist propaganda directed
against the Western nations and
the United States in particular
In the light of this thinking there
lis logical basic feeling of COM
|munity interest among the South
Asian governments, even though
there may be economic and politi.
cal irritations present.
In view of this mood, it is con.
sidered likely that the Indian gov.
ternment, for example, eventually
may recognize a Communist gov
eminent of China-even though
opposed to communism as such
III they feel, that such a govern
ment is prepared to assume re.
spectacle role in the Asian family
of nations. BY similar thinking
India is believed sympathetic tt
restoration of Japan as a prosper
GUS and peaceful nation.
India itself is most proud of the
fact that its present government
has been functioning in a pattern
OF free and democratic action with
its cabinet today containing rep.
resentation of Hindu, Moslem
Christian and "untouchable."
"All of u.s." Pandit Nehru de.
clared in an independence day
broadcast. "are equally children
of India with equal rights, privi.
leges and obligations.
1t Is hoped that the Indian
Prime Minister will find during
his first visit to the United States
an approval and sympathy with
that democratic and secular creed
Evening star., 1949-10-09
THE SUNDAY STAR, Washington, D. c.
SUNDAY, oe1osER g. 1919
Unesco Develops Paradox,
In Support and Criticism
Inspirational Appeal and Remove Main
Causes of Dissension
By GEORGE v. Allen

s. and choman United s'oss Delegation Fourth
Generals Sesson
PAR1s-Unesco Nations Educational
Cultural Organization paradox wider
appeal followers
agencies u NJ This feven exists notably
but also developing significantly other parts of the
world Britain,
The paradox that widely
Evening star., 1949-10-09
Government Aids Towns
In Slum-ClearanCe Attack
Billion in Loans and 500 Million in Grants
Available Under New Agency for
Clearing Blighted Areas
By Robert J. Lewis
Reol Estate Editor Of The Sior

Practically voter in the country today knows that Congress
few months Most
that the Government
lot of public housing units What
separately administered proganhe Govern
to help local communities to buy clear off
The Western news. [volume] (Libby, Mont.) 1933-current, 1949-12-15

Mrs. Rocksey funston left Wed
neSday, Dec. z, for her home in
Froid, after having spent about six
weeks with her daughter and fam
ily, Mr. ard Mrs Emmett Adkins.
Mr.. and Mrs. Anthony Joy spent
last week end in Spokane visiting
friends and shopping.
The Kootenai Valley Garage
bowling team has established a
good record this year II Is re-
ported that at present this team is
tied for second place with two of the
other teams in the league at Lib
by. BowlerS representing Troy are:
Roy ManeSS. Merch Bollman. Leon
ard Roth. Joe Siebenforcher, and
Jerry Kensler This group, with
the exception of Jerry, who this
year is replacing John MilOdragO-
vich, has been bowling in Libby
every Friday night during the sea
son for about three years, and is
the only bowling team representing
Troy
Mrs. Ford GRIPPE, Larry and Carol,
spent several days last week visit
ing Mr. and Mrs Robert Grippe in
Spokane. Mr.. Grippe drove to Spo-
kane Sunday and the family return
ed to Troy the early part of this
week
Mrs. P. T. Metler and Mr.. and
Mrs. J. B. Farris drove to Spokane
last Monday. Mrs. Meter returned
the same day, but the FarriseS re-
for a few days.
The annual food sale and bazaar
sponsored by the Ladies' Guild of
the Holy Trinity Episcopal Church
throughout the afternoon.
S/Sgt Hubert Rice is spending
a 30-day leave from Fort Sheridan,
Ill with relatives here.
Mr. and Mrs. Flo Gallo of New
port, Wash, were guests last week
in the home of their friends, Mr..
and Mrs. Eddie Prince
The Western news. [volume] (Libby, Mont.) 1933-current, 1949-12-15
Libby News Items

Allen McCroy, Melvin Duncan
and Mrs. Herbert Chandler were
Libby Christmas shoppers Mondav
Mr.. and Mrs. c. Haschke visited
Sunday with Mr. and Mrs. Jess Mel
lis in Troy.
The Flowers By Peterson located
in the Geringer had an informal
opening Saturday They are dis
playing a lovely assortment of both
cut flowers and potted plans in their
large display refrigerator.
Methodist Church Board Christ
mas Food Sale. Parker's Studio
Friday, Dec. 16. 3I-9c
Mrs. Leonard Ellis and daughter
Joyce left Tuesday for Spokane
Spokane where Joyce will undergo
surgery for a throat condition.
The Sunday School Christmas
Program of the Presbyterian Church
will be rendered on Wednesday
evening, Dec. 81, at 800 D. M The
public is cordially invited.
Miss Anna Ronning, Libby. has
been elected editor of the Spurs a
service organization at Montana
State college at Bozeman.
The Western news. [volume] (Libby, Mont.) 1933-current, 1949-12-15

Mr.. and Mrs. Jack zimmerman, Mr..
and Mrs. Leonard Roth and son,
Nicky, left Sunday to spend a few
days shopping in Spokane.
The Youth Fellowship group of
the Methodist Church, sponsored by
Miss Irene Holmgren and Miss Es-
Their MOSby plans TO sing carols dur
ing Christmas week. There win be
no more regular meetings until af-
ter New Years.
A dramatization of The Littlest
Angel viii be presented by all the
classes of the Methodist Sunday
School at the church, Sunday even
ing. Dec. Is. at 100
A number of guests enjoyed din
ner with Mr. and Mrs Oliver Deck
er in Libby last Sunday. Those
present were: Mr.. and Mrs. Bert
Coffman, Herb Coffman, Mr.. and
Mrs. Lester Coffman, and Mrs. Bud
johnson and daughter, all of Troy;
Mr.. and Mrs. Owe Larson and Miss
Maxine Eggert of Libby; and Mr..
and Mrs Russell Baeth and daugh-
tiers from Martin City.
Mrs. P. T. Meter and her daugh-
tiers, the Misses Alice and Phyllis
Meter, were Spokane visitors, on
Dec 8.
The Western news. [volume] (Libby, Mont.) 1933-current, 1949-12-15
NOTICE 10 CREDITORS

ceased
Notice is hereby given by the
undersigned, the administrator of
the estate of Isak LudvikSon, de-
seased, to the creditors of and all
persons having claims against the
said deceased, to exhibit them, with
the necessary vouchers, within four
months after the first publication
of this notice to the said admins
traitor at the law office of Smith
McNeiIl in Libby, in the County of
Lincoln, State of Montana, the
same being the place for the trans
action of the business of said estate.
The Western news. [volume] (Libby, Mont.) 1933-current, 1949-12-15
Ice cream and birthday cake were
served by Mrs. Miller.

ice cream and birthday cake were
served by Mrs. Miller.
Troy Local Items
Mr.. and Mrs. D. Eckhoff spent the
week end recently in Whitefish
with Mrs. Eckhoff's parents. Mr..
and Mrs. r. o. Larson.
Mrs. Glen Maddux and infant son.
Rodney Bruce, returned home last
sunday from a WhitefiSh hospital
Miss Myrtle Swanson left last
Saturday for Phoenix. Ariz., where
she plans to spend at least part of
the winter with her brother, Will
liam Swanson, and his family.
The New Callahan Recreation
Hall held opening dances last Fri
day and Saturday nights. Friday
nights dance was for teen-agers
with Jimmy Lyle's Western Play
boys" providing the music. The
dance was well attended. Saturday
night was adults night with the
same orchestra playing and with
Badly Pearson calling for some
old-time square dances. This hall
has been recently remodeled by
-"@S~ ~ ANIAoOAA uAAQ Will DAONAQE a
roomy, pleasant place for the pub
lie to dance. Mrs. Nelson plans to
make these Friday and Saturday
night dances weekly affairs.
P T. Meter has been absent from
his work as agent for the Great
Northern Railway company for a
week because of illness.
Mrs. Alice Wilcox left last Sun
day for Spokane, where she plans
to spend the winter with her child
rem
A. M. Johnson, first assistant to
The state examiner, spent last
Thursday in Troy auditing the city
books. The council held a meeting
Thursday evening.
Mr.. and Mrs. Jack Cross of the
Yak were in Troy shopping last
Thursday.
Mrs. Jess Gregg returned last Fri
day after having spent several days
n Spokane.
The Western news. [volume] (Libby, Mont.) 1933-current, 1949-12-15
FriendIy club Holds Meetinr

The Friendly Club met al the
home of Mrs Rufus Grippe. Thurs
day afternoon, Dec. 8. A luncheon
was served at loo by Mrs. Grippe
and the co-hostess, Mrs. MacDufie
The afternoon was spent with games
and handiwork.
The Christmas Party will be held
at the church Dec. %, with Mrs.
Cole, Mrs. Sloan, and Mrs. DeBorde
hoSteSses.
The Western news. [volume] (Libby, Mont.) 1933-current, 1949-12-15
CARD OF THANKS

We desire to express to our kind
neighbors and thoughtful friends
our heartfelt thanks for their MANY
expressions of sympathy. The beau
tiful floral offerings were especially
appreciated
We wish also to thank the paU-
bearers, Rev. We. c. Stearns. Mrs
Oliver Phillips, and Miss Gretchen
Gehrke for their contribution to the
services.
Walden Nielsen and daughters
Donna, Evelyn, and Marilvn.
Nels P. Nielsen; Emery Nielsen:
Lewis Nielsen; Evelyn Stanley
The Western news. [volume] (Libby, Mont.) 1933-current, 1949-12-15
TROY NEWS (FrOm Page Eirbn

stamps for many years and has some |
very valuable specimens. He dis |
played four volumes of his collec-
ton
Refreshments were served bv |
Mrs. Hurd, Mrs. Cooley, and Mrs (
Schatz
The Western news. [volume] (Libby, Mont.) 1933-current, 1949-12-15
Kay Miller Has Party

Nay MlIIer Has Party
Kay Miller invited five friends
to her home last Monday night in
observance of her 18th birthday.
Guests were: Judy French, Jackie
Thomas, Johnna Ole, Jean Olson.
and Mary Ellen LaVigne. Games
were enjoyed during the evening.
The Western news. [volume] (Libby, Mont.) 1933-current, 1949-12-15
ANDREW HrTr

Administrator OF the Estate of
said Deceased.
Dated at Libby. Montana. this
The Western news. [volume] (Libby, Mont.) 1933-current, 1949-12-15

23rd day OF November. 1919.
SMITH MCNEIL
Attorney for Administrator.
at Nov. "A Dec. 1879
Evening star., 1949-05-19
.AFL Leaders Warn
Russia Has Changed
Tactics but Not Goal
Ir ths A,seesassS Prsss

CLEVELAND, May le.-The
AFL asserted yesterday that Russia
has changed its tactics. but not
its coal"-especially In Germany
AFL leaders. here for the spring
meeting of the Executive Council
issued a statement saying that the
fate of Germany and Europe-ano
mankind-depends on the forth
coming Paris deliberations Of tfe
Big -Four Council Of Foreign Min
listers.
"If our country. Britain and
France will continue the unswerv-
ing determination dramatized by
the Berlin airlift. then the world
will 20 forward on the road to
peace" The AFL international
Committee said In a formal state
ment.
But II we make the slightest
reversion to appeasement. then
the door TO Russian domination
of Germany and the entire con-
tinent will be wide open" the labor
leaders continued.
Aim to Absorb Germany.
Then the Russian aggressors
will gain through negotiation what
they failed to get through compul-
sion. They will then be able to
grab through infiltration what
they could not snatch through
starvation.
blockade or no blockade. the
central and overriding aim OF the
u, s. s. r. in Europe continues
to be to unity Germany along
Communist totalitarian lines ano
to absorb her as another satellite
into the Russian orbit.
"The Soviets have merely
changed their tactics, but not
their goal"
The AFL suggested that the
newly elected Bonn government OF
Western Germany should be IN
yited to Paris to participate in the
negotiations and conferences al
fecting the future Of their nation.
Settlement in U. N. Urged.
The AFL international Rela'
tions Committee proposed tina
the boundary line of Eastern Ger
many should be settled by tns
United Nations 'in accordance
with the principles Of the Allan
tic Charter"
The committee declared tina
Russia should return all kid
naped" German workers and tech
nicians to their homes and re-
lease Nazi political prisoners IL
the concentration camps.
The AFL called on the Sovie
government to scrap its informa'
ton agency. the Cominform.
Mankind is sick Of the threa
Of aggression and the danger O
war camouf1aged by high-sound
ing phrases" the AFL said, adding
Every sincere move for peac'
BY the Soviet government shoult
be welcomed and encouraged. bu
every sinister maneuver ant
fraudulent move should be re
buffed and rejected.
Mankind must be led to peace
and not sold down the river
neither down the Rhine nor th'
Yangtze."
Public libraries In "a larg'
United States cities house mor'
Evening star., 1949-05-19
Symphony Women S Unit
To Hold Luncheon. Monday

The women's Committee OF the
National Symphony Orchestra ha.
scheduled itS annual luncheon
meeting for 1880 pm. Monday
at the Mayfiower Hotel. Mrs
Theodore w. Domtnick. chairman.
announced today.
Mrs. Howard Mitchell. wife OF
the National Symptoms new
conductor. viii be guest Of honor
at the luncheon. Business will
include a report on the recent
conference Of symphony orches-
ira women's committees In Pitts
burgh by Mrs. Dominick, as well
as consideration OF q proposed
raise In dues. Ofhcers also viii be
elected.
Evening star., 1949-05-19
WOMEN: Wise Coat Buys for You! %.s %sf, ;,.s Shops

12omens S2975 Covert Wool Toppers IN no ond block 'e~
grey cooes styles with ooe pockets sizes z to 10 $40.
4orens s35 Lona Fiofed Beck Coos navy blue block
wool crepe Colofes style with button Sizes lo2
to Nl1 Sz4
lomens SIS ond $50 IS Cosuo Tweed Coots ruby ord
tore umble heed full length peoted ond oed bocks bue
orey beioe toost Sizes l2h TO 1874 ord 3 10 38 Grond
for trose cootsl S3S.
oens s65 ord s69 . Goats ond 1oppers N ss 9oooons
styles block beige grey. ooco ond skipper bue sizes o2
to 22h ond q to g. S48.
Evening star., 1949-05-19

Public libraries in "a large
United States cities house more
than A, 900 900 volumes.
Evening star., 1949-05-19

f0Wonens 50 75 ono SS 3 Dfessnckef oofs 'ssa oa
oil sd lenoth IN fire sueoe ~oos gobctcne N oA7ck,
GREY beoe Szes lzA to 1914 ORD z 10 y
6-Nomen's 81 10 Cooss some fitted some bosy oa 90
Dire t4d ord s0ede moots r. blac* nos9 9fe5s oea5s
z 10 % i2H 10 Ig1
6omens Sl25 FITTED ord Box coots n Foestronn ont "
~ool sedes fAals ard coDcrcnes Ore oefoccose core
Block roy beoe sszes l4D3 10 Ia ord - TO ~
7-Wonens SIS Gooordre Toppes with honosonef b
embrosoefed teoo reses ron ord bsos szes y ord =