davidaulloa/AmericanStories huggingface dataset:
Minneapolis spokesman. [volume] (Minneapolis, Minn.) 1934-2000, 1957-01-11

The engagement Of Miss EatsIla
Gray o7i Aurora Az. ~ Paul to
Aaaton cads, David ~ BanhAm
OF Reese Airfores nass. Iabeock.
rsNAs. has been announced by her
parents, REV and Mrs c. u, Gray
% weaRon. Misc
Mas Gray, q natiNv ef MIaais
sippl. has lived In ~ Paul foT sis
YEARS She Ia q graduate of Prem
.icr Normal Industrial Institute
Prentice. Miss, She " an active
member Of Pilgrim Baptis, church
where ahs teaches church school
and sings In ths Choral group
She Ia aIso . member II the Can.
tortans popular Twin CITY choral
group
Cadet Bsnhan 10 native ot
Minneapolis and was graduated
from Marshall high srhnpi. ~
Paul In ists he t. the @un ai NJ
ard Ars Albert nanhzm III
Carrot Az, Tie will rrc~iws hls
commission AZ Nssas Alrfurcs nNss
Oh February 1ri
The welding ceremony viii b.
psrforrnst ~ Pilgrim Baptist
church on Saturday February -
Al 30 9 81 With pr Fioyd Mas
10Y 1F- reading the yvWs
Miss Gray resides al the home
u her brother in law and sister
Ar and Mrs. u y Cameron. sTl
Aurora Az
Minneapolis spokesman. [volume] (Minneapolis, Minn.) 1934-2000, 1957-01-11
African Ambassadon
tonored A. Reception

washinEios tANrt Dr. and
Mrs Et~ard G MaElqOe enter
tsinsi more than 200 guests 81
their spacious rvsidshos sunday
evening IN bnnoF 81 iIis EKcslisncy
Dt brAhim Anis Ambassador Of
N. nspubiir = the sudan. Hla
tHrrlisnry ~ Mshds iiSn Aloud
Ambassador - Morocco, and Itls
EseeiIensy it1nEi Riim. AmbaAaa.
dot ~ Tunisa
Among tho diplomatic guests
present usrs Mr. and Mrs aalah
v Towfik, EiYra,lonai director
of The Egyptian Embassy. His
ERreileoey and Mrs Ahmed Us.
s~in AfnbaGsssor ~ EGYPT. Ills
Esosiisney ART Mrs. Wins Deres
"a Atnba@~AdDr from Ethiopia ard
His EsoslisnrY and Mr. George
radnors Ambassador from
Liberia
Also in attsn5anre we're His Va.
cslIsnsy and Mn EuIeamsn VI.
jsrbi. Anlbaa1sdor from L1hyA
Mr. Nshmud IAisssn Cultural A..
tAshs i4syan E'nbaHsy. NJ and
Ars o ~ Imsrr~a Assistant
iAasan 0tficsr for NiEsr1a and
wool.Ehsi HAyen. third secretary
o. the Ethiopia Embassy
Dr Ehs A Cg7Ssr n % Niger
L. w1,1 10 ~Drsing IN The Ds
partu~rf - 7rgs'ssship ard In,
formation fr0r rsrss slf govern.
BsE territories = ths Uni,ed Ma
tons als5 ALTERED As "a Bone
a. r SJEu 's@ru'Ivs secretary
- 'Hs Al African students
uni1a af-fhs Ar1~rrAs and ~ n
rksril Orysss q HiEsran stu
asr' a. tiyEar3 University
Minneapolis spokesman. [volume] (Minneapolis, Minn.) 1934-2000, 1957-01-11
Social and Personal
y ST. PAUL :

Sad Mission Looking forward 10 happy holiday reunion
tagned cut be sad mission for Me- and Mrs George Mat
thsws IL ToS W Caa They had completed preparations
10 leave the city ncher - fer Joseph Mo- 10 visit Mr.
Matthews mother, Mrs Iona Matthew'S the New Year
weak end
Minneapolis spokesman. [volume] (Minneapolis, Minn.) 1934-2000, 1957-01-11
Additional Social q
Personal News
Minneopolis

tta.pitails~dl Gordon w urAnE
or. sagt Fourth Az +. suffered q
heart Attark at his home on Mon.
day, January 7 and waa rushed d
Falrvis~ hospital. where his con
ditioa 10 reported AZ fair
ssCri OfsiriaI On utyl Mites
y Webster % Chicago. IN. vice
president Of the international
Rru,hsrhooJ Of Sleeping Ga,
Icrtsrs Ia in the city on official
business for the bruih1Thnsi
white In the eity no 10 = guest al
Hotel Lsamingtnn
Minneapolis spokesman. [volume] (Minneapolis, Minn.) 1934-2000, 1957-01-11

expecting heirs RotA inssn1 to wrk rght up 10 the
SsANlane fixed ~ ,Ae company for sSP~etaas
mothers rvw monthS
don't know What hsPPenIng in tire Twin
Cities, but here IN New York maternity eAothes
e~cogsIag Alnaosg ecsaraon yaace IN business
oggces tae tra4.tfoaAl tailored suit rhss tire
Sgn Of the uoaern ladrp~aten; Woman me days
are goa~ when ycarg uA,rOas IN ~tsacate ecnts-
sson" lAngussAed a co0eh At hona~ ard w~renr
allowed 20 pack up asaeh pan irOua TIE fccE
NoNataNS thew eontree with thetr sAStal hfe or
Minneapolis spokesman. [volume] (Minneapolis, Minn.) 1934-2000, 1957-01-11


suns when yOans u,atrOas a ~asaea,s sosda.
lAnsussAed a cOseA
An arc~~d 10 Faek asaes pan frOra the docs
So~aaays they
business practically until tire to tire hospital for the
blessed
PsOuAry particularly very pres.
ladies rnS crowded Subway and le;tag
hazards whae JaHior the
kSaes 'osy take stride and to PUe healthy
OttxFrtng IN The bargain
typ thing Is knocking a
uA seven Ways TO HAAr. aAAa without his ego 10 Hke
uEhtop~ his Nothing sSPpOss
working oaIy bringing family
pants
extent that she se cid only lunch money sna orfsrr cat
q hs Psvhk While she SeFs tight the Of his
earnings.
stri Increasingly
Teller able book into
beloved waspsr Darling my
let take Of forever Nowadays the poor LAT only
gasp. Honey marry help the
has long though, that perhaps the American
wad happier place would the
s,ay~a aoF whe Nbs
vvnur~a forth solitary slsnr TO sas the bread Sna bacon
gave feeling no
actually head Of the house
The working wife cana In With d~prr~slaa hast
years
husband who allowed his Wife Satshe tAr
up~n a. a wrAkaaE a
days 10 Is
o What
socially wars ~hise employed
girl friends ArOuAd In this wars "aaG'
The male be his house thu~oAok
distant pAeou,hc when he had his family
World and
predatory Refined translated
has become think male the desire
. to
beating r,ri. working
working eApscant working
Just
like ,ssvsion Instead finding his
slippers pipe easy nmpng
nights many sprA~led
completely all typewriter
unstable TA~, .v~ad amazing
They
swallow pI- PIP tAsm--l,o- up pits
Down They hook vi and
They pants
complain Wis" they're not t"A"d a. they ~"re wrapped In
The completely
marry quiet wushIpplnE
japanese
stay nights gets instead
| argument
suggest pAnacsa wandering
ladies hearth and many husband. have be-
psychek revolutionary
= panic very having
sum. the old Head Of the Hoa. role on Debated budget could
national outbreak ulcers that would seriously
the male population
The story intriguing After Appearing
/ waraces Night show
quoted the JornaiAmsroa fs~ days later being "ns
poy~ and without Her address
the Hotel Empire e9ri street and broadway
publicly
rath~f contradictory place o
Miss Waters Harlem looking unposperou
husband couldn't believe
actually looking at on" Of the most famous stars Negro theatrical
history Others
repeatedly Department
graphy. Eye Il Sparrow
quoted by needing tob I
job that's An-ana I'd the
hope she a It's tsr1he =
pr-deamSut II happens frequently
I business unfortunately.
New York where doors bang
around you
appearing wallace OPEN
interview booking latter prrIudcsd
press reports living q
boxing very
This has mysufsd
propaganda currently being peddisd Negro
70 swallowing
The idea
peoples fight the Soviet
American Negroes fight segregation
unganAns denied all protest
NJ shipped hike cattle slave labor camps
Negroes protest pre~s In
word the
against country ~ Negroes had
Hungary, practically
EDITOR
earueI peppsry
aamrAhae E,aiismAn uh0 pubs.hss n~rs~pnVsr
q Court. elected Congress a
! Institutions mention
Negroes beng camps
friends
gains osfng progress
1857
gyNNWwWwvvvVvTTy11z
Minneapolis spokesman. [volume] (Minneapolis, Minn.) 1934-2000, 1957-01-11
Social and Personal
: MINNEAPOLIS =

New Son; It's baby boy their first child for Staff Sgt
and Mrs. Eidrin Simon lO5i BRYANT Av Steven Ch.rI
arrived at Mt Sinai hospital December 30 and tipped tie
scales AT SIX pounds twelve and quarter The proud
father WAC stationed az Eghn ALB in Florida arrived
December - 10 be hand his son and wife Mr
Minneapolis spokesman. [volume] (Minneapolis, Minn.) 1934-2000, 1957-01-11

A. the feilow said, it's chile to-
day and hot tamale
Minneapolis spokesman. [volume] (Minneapolis, Minn.) 1934-2000, 1957-01-11
Jij[51
q. 1Y nell DQps0n RuSSEu. :,

NEW CITY, the esscs nay zeAcs
aerarse1t
xcanx
Minneapolis spokesman. [volume] (Minneapolis, Minn.) 1934-2000, 1957-01-11

Simon Is the former JAeQueline
Palms. Also on hAnd TO welcome
the new ARRIVAL were the maternal
grandparents, Mr. and Mrs
Charles Palms OF Minneapolis Pa
ternA grandfather is Sgt. + c
Lonnie Simon Of the L. S. army.
staff Sgt Simon left Sunday. Jan
uary s, to repor; for duty 81 hiS
base, after spending the holidays
with his family
Visited In Chicago; Mrs. poro.
thy Thompson and children, Lowell
Deane and Nina returned home
January 4. from a vacation trip 10
pes MONIES. Ia. and Chicago III
The tho left the city Thursday.
December -. for Des Molnes
where the children remained 60
visit with their father and grand
father. Ms. Thompson proceeded
on 10 Chicago to visit with friends
While there she was the recipient
Of many social courtesies including
attending the play, Ten Com
nIsndments" and guest at a party
on New Years eve, On the return
home, she stopped in Dcs Mo!nes
and visited with friends there be.
tween trains and brought the
children back home.
Mother l. IN; Mrs. Nathaniel
Walker. seas FIFTH Az. s, lcl
the city Christmas Day for De
truit, Mich, where she WAS called
because Of the Illness Of her
mother, Mrs Matte Conerly. Mrs
Coneriy underwent surgery on De-
cember 20, and is reported making
a rapid recovery Mrs Walker
VIII remain with her mother dur
ing her couyalescenCe
Jolly rs Club Held Meeting: The
Jelly IS Club OF 81, Peters AME
church met Thursday night with
Mrs. Carl Wade Sr-. 1921 Fourth
Av. s. Plans were made and dis.
cussed for the years activities
OE.S Council To Meet: The
Past and Present MStrons and
Patrons Council OF the Order OF
Eastern Stars viii meet Sunday
afternoon. January II. with Mr.
and Mrs. Thomas Jones, S62t
Clinton Av,. with Mrs A. y.
Wright as co-hosteSs with Mrs
Jones.
It's A Girl: Mr., and Mrs Nor
man westberry. lis Z. 3s,h ST.
have chosen Deborah Anne as the
name Of their first baby. She was
born December IL, in St Mays
hospital and weighed in at six
pounds and fifteen ounces. Sharing
the pride and Joy OF their first
grandchiid are Mr. and Mrs Al.
fred Barnes. maternal grandpar-
ents Mr. and Mrs. Norman West
berry are the paterna grandpar-
ents The new arrival has also been
welcomed by her maternal great.
Minneapolis spokesman. [volume] (Minneapolis, Minn.) 1934-2000, 1957-01-11
New Negro Is
Emerging In South
Dr.. King Asserts

\ rev NegrO has emerged IN the
Sogth tossy. a NeErO capAble ~
ds,i-.S-. uustrb actions. Or Mar.
tin Luther King IT. leader 81 tRs
Montgomery bus boycott STATED
AZ the Urltea Negro Ccllegc kNInd
Symposium in Hunter college As,
ssmhly Halt rrc~ntly IN. Hon
Chester flowles fOrmer uniteNi
States Ambassador 70 India, MAS
the principal forum speaker and
pT King VAS onr 81 four Negrs
leaders Who took part In a panel
discussion, The Negro soather'
nsr speAks
The Negro IN the South has
taken q a~w iosk at himself. DE
King stid. With ha migatioR 10
urban cSaterv and the improve
mont Of his educational ami exon.
onic status. he has fN-svalnated
his positiaa No longer co~od by
threats sai intimidatlonz. hts At.
titIide h a reflection 0f the sense
~ dignity being gaincd by colorei
peoples Throughout, the world 10.
day
M Bowlrs akened the ~ year
old pr Kings successful leader.
ship 10 that ~ Mohandas X
GAndhi. IA hts address on some in.
tsrnatiohai aspects o. race r~ia
tons
As Gandhi appealed TO tho has
lc decrncy. honesty and demo
cratic spirit II the British. 90
great new Negro leaders will now
appeal To the conscience and the
decency of their white nsaghbors
throughout the south Mr.
Bawies said Eventually tho day
viii come. and 30 ma, believe q,
IL nav far distant when Amer.
can law Stll protect all Americans
against discrimination on the
basl. ~ race creed or color. and
49, may live With each other tn
understanding and peace
"whsa this great Gay comes. Il
will he The courageous democratic
spirit ~ Candhi ard such men a.
Laihc' King which has made this
rev rrrsiuru possible and 4, will
have ben achieved IN the fines,
Tradition OF the human race" Mr.
Rowtrs stated
Dr Rufus y Clement ~ tho
Atlanta Beard u Filtration, the
fjrst Negro elected 10 public Of
nee IN Atlanta since Hocoastrurs
tor. emphasized ina, the Negro
has made all his gains In this
raun,yy within the framework 81
'hr las President - Atlanta
University. ono Of the F'inds n
member schools. Dr C1sfn,n, Nas
member % the Forums diacas.
sion panel
Dr william T. waIiAes preai.
dent - West Virginia stat. Col.
isEs the first fully-tn,sgrated
state ooiieEs in the South. John
~ Wheeler. Negro attorney u
North CArodlna. ~ho has argtsssi
segregation cases before the y, n
Supreme Court, sHd ~ kiuE. also
served - panel discusaan,s
August nscE&Cnsr. director of
The Twentieth Century yNind
Quincy Howe. ABc commentator.
ard Carl Rowan. Negro author
and staff writer for the Mime
ap3Hs Tribune interviewed ths
panel members
The symposium was uhs eaEhth
IN = series lnauEuratsi by tho
United Negro College E'Shd In
1915 WThiinry sorth seymour,
former president 81 the AaSocta'
tons o. The bar of The CITY 81
Ss~ Y1rk. heaasr uss vulunseS
comrniii~~ Sponsors. IN addition
% ths Fund lnsisfi~1 TIE View
YoyE CITY cigbs 81 twelve col.
lsgs Efopps Barnard, BsnnlnE
ton Bryn kswr city College ~
New York. At Holyoks Obsriin.
Eadruffs Sarah iaWrsnrs Smith
yassaF wefissisy. and rss Amer.
ran AHsocsAtkn n University wo.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-11-03
|Sfockstower,
Selling Hits
Blue Chips
BY ED MORSE
Associated Financial Writer

NEW YORK. Nov. 1.-THE
stock market took another loss
this week and trading volume
was below par.
The October loss in quoted
values was roughly $8.6 billion
based on the decline in the
average. This brought the
quoted value Of stocks listed on
the New York Stock Exchange
down to about $197.114,000. 900.
The Associated Press average
Of so stocks fell 80 cents to
$155.90 during the week. Selling
pressure on Friday sent many
blue chips down to fairly sharp
losses.
Two factors dominated the
loss. One was unmistakable
evidence in Wall street that the
Federal Reserve System is con-
tinuing its policy Of credit re-
straint and tight money-de-
spite earlier published reports
that It was about to ease mat
tiers q bit. This was a great
disappointment in brokerage
circles.
Second was the latest report
on rail carloadings. showing
their shapest tumble of the
year below corresponding 1856
levels. The 1873 per cent drop
from the like period a year ago
was attributed by a railroad
spokesman to a general falling
OF in the level of business,
especially in miscellaneous
freight, which includes manu-
featured articles.
The five most active issues
on the New York Stock Ex-
change this week were: Verti-
entes- Camaguey Sugar, of "a
at 9A on 162, 100 shares: Beth
lehem Steel. of Ia at 80:
Standard Oil (New Jersey, of
1b at 521a; General Motors,
on 70 at $3.50. and Boeing. UP
21s at 33H.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-11-03


Rates OF dividends in the foregoing
table are annual disbursements based on
The last quarterly or semiannual declara.
ton. Unless otherwise noted. special or
extra dividends are not included, a Also
extra or extras b Annual rate plus stock
dividend d Declared or paid in 1857 plus
stock dividend, e Paid last year Pay.
able In stock during 1857. estimated cash
value on ex-dividend or redistribution
date g Declared or paid so Ear this year
b Declared or paid this year an accumu.
latlve issue with dividends in arrears.
p PAID this year dividend omitted, de.
TERED or no action taken at last dividend
meeting Declared or paid In 1856 plus
stock dividend Payable In stock dur.
ing 1856. estimated cash value on ex
dividend or redistribution date. Liqui.
dating dividend cid Called. Ex dIvi.
dend. dis Ex distribution, II Ex rights.
XIV Without warrants, WV With warrants.
wd When distributed wi When issued.
nd Next day delivery I'm BANKRUPTCY or
receigershlp or being reorganized under
the Bankruptcy Act. or securities as
sumtd BY such companies
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-11-03
Auto Credit
To Be Studied
AT Meeting

Credit needs for the market
ing of new 1858 auto models
will be the major subject for
the Gath annual convention of
the American Finance Confer
ence, which opens at Hotel
Statler tomorrow.
Credit needs will be studied
against the background Of
tight-money conditions in both
formal and informal discus
sions during the three-day
meeting. said A. j. Blasco,
president of AFC and also of
Interstate Securities Co. Of
Kansas City.
Following executive commit
tee and director meetings to-
morrow. leaders in the Gov
eminent, auto industry and
banking will speak Tuesday
and Wednesday.
These will include: William
McC hesney Martin. jr., Federal
Reserve Board Chairman; DR.,
Gabriel Hauge. President Eli
senhower's special assistant
for economic affairs; Senator
Homer Capehart, Republican Of
Indiana; Byron j. Nichols,
vice president, Chrysler Corp:
Frederick M. Suffer. president,
National Automobile Dealers
Association, and Ray H. Mat
son, president, First National
Bank of Chicago.
The associations first WASH
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-11-03
HOW so Spent FOR THE
WALL STREET JOURNAL
HELPED NE EARN $4,000

how to interpret business and
government trends q little better
than they do. They wonder where
/ get my inside DOPE"
This story is typical. Because the
reports in The Wall Street Journal
come to you daily, you get quick
warning Of any new trend that may
affect your income. You get the
facts in time to protect your inter-
ests or seize a profit. The Journal
Is q wonderful aid to salaried men
making $1,000 to $4,000 q year.
It Is valuable TO owners Of small
business concerns. It can be OF
priceless benefit to ambitious young
men.
The Wall Street Journal is the
complete business DAILY. Has
largest staff Of writers on business
and finance. The only business paper
served by all four big press associa-
tons. II costs $50 q year, but you
can get q Trial Subscription for
three months for Sc. Just tear out
this ad and attach check for Sc and
mail. Or tell US to bill you. VS. lis
a Broadi,trss New York 4, NY.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-11-03
YOUR
MONEYS WORTH
~ SYLVIA PORTER

has slightly better than aver
age ability, works hard and
shows willingness to accept re-
sponsibility.
In short, he is the fellow next
door, the man down the hall
that nice guy who never would
take a penny that didn't belong
to him.
Steals on Grand Scale
Yet this mice guy" steals on
a grand scale because he needs
"a few extra dollars" he doesn't
dare disclose the reason for his
need gambling, a foolish ven
ture, a mistress), and thus he
can't get the money he needs
in the usual legitimate manner,
This respectable appearing
thief keeps taking more and
more of his employers money
because his employer gives him
the opportunity to steal.
This fellow next door" gets
in deeper and deeper because
he doesn't admit to himself
that he is stealing; as he figures
1t. he is only borrowing and
someday he will put it all back
The very fact that the white
collar thief is presumed to be
as honest as the vast majority
of American workers is what
makes him most dangerous. He
has ruined not only individuals
and businesses but also govern
mentS.
The very fact that most bust
nessmen hate to admit they
made an error on an employee is
a key factor behind the mush-
rooming growth Of white COL
lar crime. Few embezzlers get
the publicity Cooney has had
or the punishment that pre-
sumably awaits him.
Unless businessmen awaken
to the peril Of the embezzler
and Of concealing his crime, I
guess If q pro in crime wants a
more successful and safer Ca
reer, the first tool" he should
buy is a gray flannel suit.
Distributed 1887 by The Hall
Syndicate, Inc. All Rights Reserved.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-11-03
BY a Subscriber

Since l started reading The Wall
Street Journal, my income has in
creased from $4,000 to $4,000 q
year.
But that Is only part Of the
story. The Journal not only helps
me earn more money-it also tells
me how to get more value for the
money ] spend.
For example, an automotive
article In The journal helped me
trade In my old car at the right
time. An article on building sup.
plies gave me ideas on remodeling
my home and showed me how to
save $500.
Articles on food and clothing
point out the things to stock up
on in order to save money. Articles
on taxes guide me on what to do
TO keep my taxes down.
The Journal also gives me o bet
Der understanding Of what Is going
o. In the worle. In conversation
with other men / find that / know
Addrsss: The Wall Street Journal
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-11-03
DIVIDENDS
CAPITAL SECURITIES

NEUTRALITY-SUSPICIOUS. STOCK EXCHANGE
Transactions including Friday Nov
(Report Compiled BY Executive omcias
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-11-03
BUSINESS
BRIEFS
Bituminous Production

Bitumin0us Production in
the week ended October 26
totaled 1885, 900 tons compared
with 9.890,000 in the previous
week and 10,431 900 in the like
week a year ago.-National
Coal Association.
Motor Vehicle Output last
week totaled 129,l06 cars and
21.561 trucks compared with
104,987 and 21,543 in the pre-
vious week and 1883 and
1887 in the like week a year
|ago.-Ward's Automotive Re-
ports.
Crude Petroleum Stocks, do
nestle and foreign on October
26 totaled- 2S2. 100000 barrels,
down 2.470.000 for the week.
Bureau Of Mines.
Olin Mathieson Chem. Corp.
filed a statement with the SEC
seeking registration Of $50 mil
lion of 25-year convertible SUBJ
ordinate debentures.
Union Pacific Railroad in 9
months ended September 80
earned $55.425,648 or $2.36 a
share VS.. $54.799,233 or $2.33
in 1856 period.
Weyerhaeuser Timber in 9
months ended September 80
earned $41,976,193 or $1.39 a
share VS.. $49.104,337 or 1852
in 1856 period.
Jewel Tea Co. in 40 weeks
ended September 80 earned
$5.084,246 or 1886 a share VS..
$4,298,550 or $2.85 in 1856 pc
Rod.
Other earnings included:
For Q Months Ended Sept. 30
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-11-03
Trusted Thieves

On Tuesday John r. Cooney,
retired president of the Loyalty
Group of Insurance Companies,
will be sentenced by a New
Jersey court on one of six in
dictments charging him with
embezzlement of $262,206 in
company funds.
Until only a few months ago
Cooney was a widely respected
and envied citizen. He was a
white collar executive of high
rank, earning a salary Of $685.
900 a year when he retired in
1856 on an annual pension of
SAL 900. He was In every sense
a trusted man.
Yet Cooney pulled off a
theft which makes most Of the
old pros in crime appear timid
babes in comparison. And by
so doing. Cooney pointed UP a
startling fact about the Ameri-
can business scene today:
Americas white collar thief
is now far more proficient in
crime than the professional
crooks and the amount he is
stealing is mounting each year.
In 1856. according to a study
by Fortune magazine, white
collar thieves stole at least $500
million. Some experts insist the
annual embezzlement loss runs
to SO billion. for a vast number
Of the thefts go undecided or
are hushed up.
Contrast Offered
BY contrast the FBI calcu-
lates that all the Nations bur-
glars. pickpockets. armed rob-
bers and auto thieves managed
to steal only $440 million last
year.
AS many as / million busi-
nessmen were victimized by
embezzlers in 1856. 1t is the
small businessman who Is the
easiest target. He who can least
afford to be a victim is the one
who is most convinced It could
not possibly happen to him.
Fortune draws this picture Of
the typical embezzler:
He Is a man In his thirties,
married with one or two chill
dren. He lives in a respectable
neighborhood. drives a medium
priced car and once in a great
while travels on a week end.
He usually looks like a good
mixer. is active in the COM
munity and. as often as not, is
a church officer. He takes only
an occasional drink. And in his
record are a couple Of Job pro-
motions because he has been
around the firm for a while.