davidaulloa/AmericanStories huggingface dataset:
Evening star., 1953-06-17
81 Million Offering
Of Gas Light Bonds
Sold Out Quickly
By Donald B. HodIey

An offering of 81 million
Washington Gas Light Co. bonds
today was sold out speedily and
unofficial bid and asked prices
rose to a premium.
The AZ per cent refunding
mortgage issue, due June Is,
1878. was priced at 101.817 to
yield Ats per cent to maturity.
Over-the- counter market sources
in New York reported early quo
tations Of 103 bid and l0412
asked.
A number of Washington
firms, who were not members
of the offering group, had orders
for the bonds. but were unable
to fill them. 1t was reported
the attractive yield brought in
large orders from institutional
investors.
Associated with Kidder, Pea
body & Co. in the underwriting
were White. Weld & Co., Central
Republic Co.. Coffin & Burr, w.
E. Hutton & Co., Schoellkopf,
Hutton & Pomeroy, Courts a.
Co., the Milwaukee Co. and
Julien Collins g. Co.
Second NotionoI Net Jumps
Earnings of the Second Ma
tional Bank ran more than 20
per cent above a year earlier in
the first five months of this year,
Evening star., 1953-06-17

he tried to get away with the
bank building itself. complete
with fixtures. He managed this
feat by mortgaging the building
for sum approaching its market
value and pocketing the pro-
ceeds. But he had little oppor-
tunity to enjoy his i'll gains. He
committed suicide after discov-
cry.
For all his experiences in un-
covering frauds and leading to
the detention Of dishonest en-
ployes. Mr.. Pratt is stout de-
fender of banks as against the
more widespread employe dis
honesty in business generally.
While records might show 621
bank defalcations last year. the
take" of So million, he reminds,
accounts for scant ! per cent
of the total fidelity losses busi-
ness and industrial employers
suffered from trusted hands.
Some Unrevealed.
OF course, records alone do not
tell the whole story. Many de-
falcations and thefts do not come
to public knowledge. There is no
record of the restitUtions made
by offenders or by their families
to avoid prosecution.
statistics can mislead." Mr..
Pratt explains. Surety COM
panies regard bank employees as
the best of risks. AS a class, they
are demonstrably above the aver
age in integrity.
IF we assume that the esti-
mates of losses by both banks
and other types of business en-
terpriseS are approximately cor
rect" he added. bank employees
have a much better record. not
withstanding that the commod-
ity handled by them is the most
negotiable inventory existing to-
day."
The bosses certainly are TAX
ing an expensive licking in the
loss of cash and goods Of every
description. Scarcely one-third
of bank losses are recovered
through bonds. Other businesses
are even worse off. But they aren't
the only losers. Fidelity insur-
ance companies, which make a
business of bonding employees for
a price, also are left holding the
bag. Their profits dwindle as
fraudulent practices increase.
Most of the $50 million worth
of fidelity bonds issued yearly
are sold by about "a companies.
members of the Surety Associa-
ton Of America. The largest
writer's of premiums are U. S.
Fidelity & Guaranty Co. and
Evening star., 1953-06-17
Accounting SIeuth Can Trap
EmbezzIer in All 27O Tricks

money, high taxes and high liv-
ing costs.
'But it's not so much the
high cost of living as the cost
Of high living" Mr.. Pratt said
Occasionally, professional
crooks get involved. One ex-ma-
nipulator released from Alcatraz
prison, discovered that Mr.. Pratt
often visited banks. So the crook
wrote Mr.. Pratt: "You give me
the layout on the inside and I'll
rob the bank. Then I'll split with
you on a $3.50 basis"
Mr.. Pratt emphasized, how
ever. that the typical embezzler
is the typical citizen with no tell
tale traits except. perhaps, an
especially vigorous desire to live
better.
For example. a girl cashier OF
a prominent realty construction
firm. who had a yen for the
night spots, was discovered liv-
ing like a "rich woman" in an
expensive Northeast apartment.
Partying was her favorite leisure
pasttime. During one of her alb
SCIENCES. the firm found her ac-
counts short by nearly $4,000.
She was given three years be-
hind gloomy walls for reflections.
Investment FiZzles.
Mr.. Pratt tells about a bank
officer who absconded with $685.
600 of the banks funds. Surety
officers heard he had invested
the sum and thought they could
recover.
Invested in what?" they asked.
why, in livestock" was the ex-
planation. The livestock turned
out to be "slow race horses"
Another version showing the
embezzlers don't change was re-
vealed in clipping from a New
York State paper Of the early
1800's. 1T states that Mr.. So
and-So not only had run off
with the banks money but also
with the woman of the town" ,"
Mr.. Pratt related.
But Washington offers one of
the prize embezzlement cases on
record. It was brought to light
when examiners moved in after
the bank closings of 1888. This
was the case of a small bank
president, who made fake loans
and Incorporated deposits un-
til he had stolen some $2.5 mil
lion. nearly all the funds on de-
posit.
Dissatisfied, Mr.. Pratt relates,
Evening star., 1953-06-17

bank funds. Similarly, business
associations are striving to do
likewise.
A study of 60 closed banks
over a period of years in which
entertainments exceeded blanket
bond coverage serves as a warm
ing. The losses totaled $10,281,-
805. Bonding covered only $2.-
100000, losses being approx
mately 80 per cent in excess of
the bonds. The CLOSED" banks
were mainly small ones.
Temptation and opportunity
to steal apparently go hand in
hand with rising deposits. This
is indicated by reports of de-
poSits in the banks wherein oc-
Cured the 62l irregularities
cited last year in Government
insured banks.
Those with less than $500 900
in deposits accounted for only
three cases. The largest number,
66 cases, were reported by banks
with deposits ranging from $500
million to 81 billion. Sixty -one
irregularities occurred in banks
with deposits exceeding 81 bill
lion. Also, there were 81 cases
in each group of those with
deposits ranging from $40 mil
lion to $40 million and from $40
million to $50 million.
Trusted Too Far.
At whom does the finger of
suspicion usually point? Ironi-
cally, but understandingly, it Is
the trusted" employe. He is
the one who has the greatest
opportunity-and it isn't always
"slow horses and fast women"
that account for his slip from
grace. Hospital bills, prolonged
illness, family troubles or dis
appointing business deals also
contribute.
An experienced examiner who
suspects or detects something
wrong with the books is at once
suspicious of the trusted employe
who is never known to take a
vacation. Loyalty and devotion
keeps him at his desk, often
during lunch hour, the boss is
apt to say. Mr.. Pratt has fire.
quently discovered it is other
wise. The loyal" employe just
doesn't dare take the chance of
being absent. Mr.. Pratt recalled
an instant where the employe
didn't even take time to attend
his brothers funeral.
For this reason, frequent and
unannounced examinations are
perhaps one of the best ways of
detecting fraudulent bookkeep-
ing. There are dozens of sound
recommendations for reducing
and eliminating the opportunity
to slip a hand in the till.
The National Association of
Bank Auditors and Controllers,
for one. offers an "Anti-Fraud
Kit" to banks for a sum. It con-
tainS auditing pamphlets and
other suggestions, including 139
questions to be answered "yes"
and mo" to gauge security rat
ingS. For instance: Does the
teller lock up his cash when
absent?",
SLACK management" Mr.. Pratt
says, gives cash-handling en-
ployes a free shot at the books,
and bookkeepers access to cash
with no checkup."
The United States Fidelity g.
Guaranty Co. of Baltimore, in a
recent survey of 1,001 cases from
l947 to 1850. gives a composite
picture of embezzlers. Mostly,
they are white collar workers.
the manager of a branch bank
or store. statesmen, collectors,
clerks. accountants, cashiers,
union officials and even ships
captains or perhaps the presi-
dent of the firm.
Evening star., 1953-06-17
Danes to Train YuqosIuvs

COPENHAGEN.-Denmark be-
came the seventh Western ma
tion to participate in the Inter-
national Labor Organization S
program of training skilled
Yugoslav workers when she re-
Gently agreed to place a number
of them in a mill at Frederiks-
Vaert.
Evening star., 1953-06-17

it W a S a n
nounced yes
t erd ay b y
P re 81 d e n t
T h o m as j.
Groom.
A native of
Pittston. Pa.
M r. Garrity
was graduated
from George
town Univers-
ity Law School
and was ad-
mitted to the
District Bar in
1000 Hn ic q
Evening star., 1953-06-17

was honored
yesterday on
completion of
40 years of
service with
the company.
At an infor-
NAL gathering
at the COM
pany offices,
Vice President
H. H. Vogel
presented to
Mr.. Davidson
a double dia-
mond service
~aol>la~a 1~L
Evening star., 1953-06-17

"a "A "ACS.
This W a S
disclosed by
P r e S / d ent
John A. Reilly,
in connection
with his an
n o u ncement
of a quarterly
dividend of 2
per cent or 81
a share, pay
able June 80
to holders of
record June
10. Directors
declared the
dividend to-day
, 1953-01-28
FEDERAL LABOR UNION
NO. 23s53
Affiliated with the

Affiliated with the
American Federation of Labor
Christiansted, st. Croix, VI, USA
P.O. Box 296
25 of January 1858
MI. George Meany, Pres.
American Federation of Labor
Washington l, D.. G.
Dear sir and brother:
We have conferred with the
President of the Virgin Island
Corporation, Mr.. Gordon Skeoch
and he has informed us that the
crop this year will be done under
the piece-time System but all la
borers will be paid nc less than
$500 per day, regardless of labor
rendered, and should a laborer
continue to render labor worth
less than $500, he will be left
vacant.
AS you know our Union doesn't
have a large amount of members,
but we have the signatures of 436
workers that have worked for the
Virgin Island Corp. in other years,
and after comforting with MI.
Skeoch, / again called the labor
ers together and explained the
situation according to the infor-
nation received during the con-
ference with Mr.. Skeoch, but the
workers are against the job
work, they are willing to work
per day, 8 hours for $500.
The workers are dissatisfied,
, 1953-01-28
Shipping News

The SIS aALCOA ROAM
Err" is scheduled to sail from
Norfolk February Z, Baltimore
February 9 and New York
February 10 and is due at
Frederiksted February "a, via
Puerto Rico, accepting freight
for La Guaira and Trinidad.
ALCOA CO.. Inc
Rob't L. Merwin & Co. Inc.
Agents
, 1953-01-28
OPS. ESTABLISHES ).

further that the TRANSFORM
shall make available to the
transferee all records which
are necessary for the trans
fierce to comply with the re-
cord keeping requirements OF
the regulation.
The regulation does not pro-
vide a method for establishing
ceiling prices for the trans
fierce in event the records Of
the transferor have been lost,
destroyed or are otherwise I'M
available. Instances h a Y e
arisen in which such circum-
stances prevail.
, 1953-01-28
Correction

Our attention was called to
the End and 3rd paragraphs of
the letter Of President Gordon
Skeoch of the Virgin Islands
Corporation, which appeared
in the issue Of Monday, Janu-
ary 26. The slugs were evil
IDENTIFY pied" and escaped our
attention. We are sorry. The
letter reads:
My dear MI. Jackson: ! have
your letter of January 81,
1853, rendering your resigna-
ton as Of that same date.
Your uncalled for action
and the tenor Of your resigna-
ton is such that I have no
choice other than to accept it
with prejudice, which I here
by do.
Your Appointment with this
Corporation is, therefore, ter
minated-at your request-as
of January 81, 1853"
, 1953-01-28
PRIVATE CLASSES IN
CONVERSATIONAL
SPANISH

Conversational Spanish taught
scientifically. Tues. & Thurs.
1880 : 800 at Christiansted
School. For additional
information call:
ERICK E. KoLEHOFF
Telephone 60
, 1953-01-28
PROGRAM


A D STATION VISTA
The Voice Of the Virgin Islands
THURSDAY
ZOO 7:sO Colgate Breakfast
Club
100 900 Over the Coffee CUP
$500 8:15 ChinnerY's Mystery
Tunel
800 9:15 Morning Devotions
9:15- $50
$50 1000 Swap Shop
1000 lO:15 AIRS News
1915 1890 Four Knights
1880 HOO Antigua Antics
HOO 1900 Record Shop
1900 1915 Land of the Free
1900 1890
1880 12:45 Front Page News
Pan American
12:45 100
100 1:55 Siesta Time
1:55- 200 NEWS
2:15- 2:3O Sacred Heart Prog.
$50 800 Musical Matinee
(Western)
300 400 Musical Matinee
(Popular)
400 AIS VISTA Story Teller
4:25- 4:30 NEWS
400 600 Respectfully Yours
900 6:15 Schlitz News Prog.
6:15- 6:45
700 7:30 Salon Serenade
Z Queens Quarter
7:3O- 300 Gravediggers' Orch.
800 $50 Literary Program
800 900 Drifting Buckeroos
900 9:15 AIRS News
9:15- $50 AIRS Sports
Roundup
$50 1000 Broadway Show
Tunes
1000 100 Musical MerrY-go-
round
, 1953-01-28

but the Union will not back any
strike, should they decide to take
that step.
Fraternally yours,
Manuel Viera. President
&C: Mr.. Gordon Skeoch, News
papers, Avis and The West
End News
, 1953-01-28

-
-
RADIO STATION WIVI
Tba lighthouse " the West Indie
The Little Station With
tMond.v thro,,ob Fr;dav,
6:55 Sign On
100 Rise and Shine
(Request show
.7:3O
800
$50 "
900 ST. Crolx Special
$50
1000 Excursions in Science
1O:15 Faith in Our Lives
1890 Concert Hall
1870 Air Lane Melodies
1900 Island Bulletin Board
1915 Here's TO Veterans
1890 Meet the Band
100 This is The Hour
1880
200 The Music Box
2:3O
600 Latin Rhythms
$50
, 1953-01-28

Dated October 80, 1852
Warren H. Young. Esq.
P. o. Box 622
-hristiansted, ST. Croix
, 1953-01-28
Probate No. 9 1852
NOTICE 10 cREbIfoRs
CONCERN:

PLEAS TAKE NOTICE that pursuant to an Order of
the District Court of the Virgin Islands dated October 80, 1852,
the undersigned wa appointed Executor Of the above named
estate. All creditors Of the deceased, Helen 3. Ohmeis, are
requested to file their claims with the undersigned Executor
or to Warren H. Young, his attorney, within six CO. months
of the date Of this notice. Persons indebted to said estate are
requested to make payment within the, same time to the
Executor. or to his said attorney.
John M. Ohmeis
Executor
Christiansted, St. Croix
, 1953-01-28

In the DISTRICT COURT OF THE VIRGIN ISLANDS us.
DIVISION OF SAINT cRoIX AT c~HRIsTIANsTED
In the estate of
HELEN B. Probate No. g. 1852
Deceased
NOTICE 10 CREDITORS
TO WHOM TT NAV roNTrrpN.
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1953-06-04
Ike To Greet
Sports Figures

WASHINGTON R - President
Eisenhower will play host tomor-
row to sports figures ranging from
Rocky Marciano to Clark Griffith.
Eisenhower viii greet each of
the 40-odd athletes, but it's a good
bet he'n spend much of his time
chatting with but one of the visit
orS, fellow named Gene Sarazen.
Sarazen is the lone golfer on the
guest list and the Presidents fond
ness for the fairways is well
known.
The occasion for the get-together
is the annual baseball game be-
tween the Republicans snd the
Democrats on Capitol Hill. Picked
teams of players unlikely to break
into the major leagues viii have
at 1t at Griffith Stadium tomorrow
night. Eisenhower viii throw out
the first pitch.
Before that moment, though,
there viii be much hoopla and fan.
fare. starting with the White House
luncheon.
The man who was to have been
the honored guest won't be there.
Cy Young, who pitched more base
ball victories than any other man,
first accepted an invitation but de-
cided later he didn't feel up to
making the trip. Cy is IS.
But baseball viii be well repre-.
scented, by such diamond greats as
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1953-06-04

saw II pitchers in action with the
hitters treating almost all of them
like batting practice tossers. The
Dodgers blew two and five-run
leads and after they got back in
the running in the seventh they
couldn't find a hurler to halt the
blasting Braves. Andy Pafko and
Jim Pendleton, both peddled by
Brooklyn during the winter be-
cause the Dodgers had no use for
them, homered as Milwaukee
scored five runs In the eighth.
The Cardinals managed only six
hits off Curt Simmons and two sue
cessors In the first game at Phil.
adelphia but the blows included
home runs by Steve Bilko and Rip
Repulski plus a triple by Repulski
and a double by Del Rice.
In the nightcap Connie Ryan
singled home Tommy Glaviano
with the wining run in the eighth
after Glaviano had tripled.
Warren Hacker, most every
body's nomination for the hard :
luck pitcher Of the SO campaign,
lost his eighth straight at Pitts
burgh. Pittsburgh got the only run
as Pete Castiglione singled home
Ralph Kiner in the fourth.
The Giants victory over Cincin.
natl marked the end of a four
game losing streak and the return
to action of rookie Daryl Spencer.
Spencer celebrated with two home
runs. Larry Jansen went all the
way for New York, his first com.
plete game since April 20.
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1953-06-04

we've Knocked out their starting
pitcher each time. They used five
today didn't they? That guy Bick.
ford, who started against US today
is not much. Three years ago I
would have given anything to get
him. Now, I wouldn't take him az
a gift"
''None of them was any good"
Robinson, who hadn't heard
Dressen's comments, spoke glow.
ingly of the Braves mound crop.
Their chief strength is their
pitching" Robinson said. sThey
got veteran starters and the add.
ton of kids like AntoneTi. Bull
and Liddle gives them pitching
depth.
''But they have too many older
fellows and their defense Is not
too strong. l know they beat us
twice in a row but I don't think
they look good. We just looked
worse"
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1953-06-04
PACIFIC COAST
Kiner Trade To
Cubs Is RumOred

PITTSBURGH R-Ralph Kiner,
home run hitting outfielder of the
Pittsburgh Pirates, was on edge
today over reports he may be
traded to the Chicago Cubs.
The ordinarily quiet Kiner de-
clared:
81 don't know what's going to
happen; I, just don't know
Kiner made his comment after
Branch Hickey, Pirate general
manager, and Wild Mathews, Cub
personnel director, had conferred
twice-and scheduled another met
ing today.
Neither Hickey nor Mathews
would admit Kiner was the chief
topic of discussion. ALI Hickey
would say was that he is talking
a deaP' with the Cubs.
Mathews, who has had a standing
offer to give the Pirates $500, 900
for Kiner, said only that he and
Hickey talked generalities."
The Pittsburgh Post Gazette said
Kiner sis now almost a certainty
to leave Pittsburgh and set up
business in Chicago"
The Post Gazette said it under
stood that if Kiner goes to the
Cubs the Pirates would obtain
0utfielder Preston Ward and pos
sibly lone of three infielders, Bill
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1953-06-04

iris Speaker. Lefty Grove, Jimmy
Foxx, Joe DiMaggio, Billy werber
and Joe Judge. And, OF course.
Clark Griffith. the sS-year-old pres
ident of the Washington Senator's.
Heavyweight Champion Rocky
Marciano viii represent boxing.
His wife Barbara win be along,
deeked out in a new hair-do.
Bangs, of course.
From the world of football
there'n be Slade Cutter, the one
time Navy star; AL Dorow. former
quarterback at Michigan State.
and All-Ameriea quarterback Jack
Scarbath of Maryland.
Carol Ann Peters, the figure
skating champion, viii be present
along with former tennis champ
Pauline Betz Addie, diyin star
Zoe Ann Jensen, and canoe cham.
pion Frank Havens.
There'n be many others. includ.
ing Andy Anderson Of Houston.
Tex, who sometimes Is known a.
the worlds No. | fisherman. and
Edwin T. Chandler of Richmond.
Va. winner of an award as The
worlds No. l fan.
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1953-06-04
Harry Truman
Fans Batter In
Brief Mound Stint

GRANDVIEW, Mo. R-Former
President Harry S. Truman had
to fudge a little" but he man
aged to strike out the batter in a
baseball game in his hometown last
night.
Truman'S opposing batter was
Eddie jacobson, a former business
partner.
He threw one ball as a warmup
and then stepped up about 10 feet
in front of the pitchers mound,
explaining:
"I've got to fudge little"
Jacobson obliged by swinging at
wide pitch and the umpire yelled
Strike three" retiring the side.
Earlier the former President,
making his first public appearance
in his old hometown of Grandview
since he left the White House,
commented:
''It's a pleasure, indeed, coming
back here and throwing out the
| first ball at this game. / never was
able to play ball because ! couldn't
see. They always made me the
backlot umpire because couldn't
see the ball"
The game proper, T.W.A. versus
Toedman Cabs, was a regular
scheduled Heart of America
League contest.
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1953-06-04
26 Americans To
Play In French
Golf Tournament

PARIS R-The French Amateur
Golf Tournament - an American
monopoly the past two years -
opened today with an impressive
list Of 26 players from the United
States, including crooner Bing
Crosby and Harvie Ward, the IA
vorite.
If anyone is going to beat Ward,
the 28-year-old Atlanta SHOEMAKER,
who won the British Amateur in
1852, and was runnerup this year,
the experts figure it will be Henri
de Lamaze, Frances top golfer.
De Lamaze has made a habit of
winning the title, having carried
it off no fewer than six times.
The winners of the past two
years-Bobby Knowles of Aiken,
S. c., in 1851, and Dick Chapman
Of Pinehurst, N. c., last year-wiIl
not be on hand.
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1953-06-04
YANKEES EXPLODE FOR 1872 WIN OVER WHITE sox WEDNESDAY
BROOKS ALIBI LOSS TO
MILWAUKEE WEDNESDAY

"They haven't convinced me. "
scoffed Charlie Dresser, the Dodg-
'er manager. "Sure, they got some
power, but it's an old club. Let's
wait until the hot weather comes
around. Then We viii see how good
they really are.
THAT kid on third eddie Math-
ews) is a pretty good hitter, but
he can be pitched to-" (Mathews
hit a home run and single and
drove in three runs yesterday
"They are not bad down the
middle" Dresser continued. ''That
shortstop (Johnny Logan and sec
ond baseman Jack Dittmer) are
improved over last year. That
center fielder (rookie Billy Burtonl
gives the club some speed. But we
know how to pitch to him." Burton
had single, double and triple and
scored four runs yesterday
Their pitching isn't so hot.
We've played them six games and
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1953-06-04
BY JOE REIcHLER

BROOKLYN, N. Y. UR - The
Brooklyn Dodgers had just abb
Sorbed their second straight lick
ing at the hands of the Milwau-
kee Braves. They had surrendered
first place to Charlie Grimm
amazing upstairs. But strangely
enough, the Brooks had little re-
Spect for their conquerors.
eff they are the club we have
to beat for the pennant," snorted
Jackie Robinson, ''I am not wor-
ried the least bit. Don't misunder-
stand me. If we don't win it,
like nothing better than to see Mil
waukee do it. 1t would be a boom
for baseball. But they won't do it.
They just hafen't got enough /"
That seemed to be the general
attitude of the defending champ
pionS as they discussed the rise of
the surprising Braves after yester-
days 14-9 loss to Milwaukee.
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1953-06-04
Ft. Lauderdale
Jumps Into FIJI
Leadership

Pepper Martins powerful Fl.
Lauderdale Lions sat atop the
Florida international League to-
day for the first time this sea-
son while the idle Miami Sun Sox
dropped half a game behind.
The Lions have won five of their
last seven games, climaxing it
with a double victory over St.
Petersburg's birthplace Saints
Wednesday night, 81 and 14-2.
Tampa whipped West Palm
Beach, 81, and the Miami
Havana game was called off be-
cause of heavy rains in Cuba.
The Saints got only three hits
in the opener Wednesday night,
but forced the game to eight in
nings.