davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-22

bezzler often stole money for
SLOW horses or fast women"
but not any more, said Mr..
Pratt.
A recent survey showed that
Is per cent spent stolen money
for living beyond their means,
% per cent for conducting an
other business, usually unsuc-
cessfully, Al per cent in making
unauthorized extensions of
credit, and only 4 per cent in
gambling.
Follow No Pattern
mo one has yet discovered a
sure-fire method of avoiding
the employment of potential
embezzlers." he added.
"EmbezzlerS follow no pat
tern, show no recognizable out
ward signs. They may be 18 or
80, work for a firm four
months or 40 years, be paid
$1,000 or $4,000 and steal
anywhere from a few hundred
dollars to many hundreds of
thousands.
For the most part, empezzle-
ments are committed by in
dividuals who have no previous
criminal records and whose
business and personal back
grounds are beyond reproach,
he added.
I'm addition to providing de-
cent working conditions, rea-
sonable hours, adequate wages
and opportunities for advance
ment, employers have the moral
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-22
BY the Associated Press

The Government has APP
pointed group of. experts to
study the New Haven Railroad
IN order to provide an analysis
OF problems presented by the
reorganization of the company.
The Federal Government is
a creditor of the New Haven
through the guarantee of about
S35 million loans. In addition,
the Government is interested in
the continuance of service along
the New Haven line.
The railroad now is in the
process of reorganization under
the Federal Bankruptcy Act. 1t
Is being operated by court-ap-
pointed trustees.
The White House announced
that President Kennedy has
directed Secretary of Com
merce Hodges to recruit the
professional survey group.
Mr.. Hodges named nine ex-
perienced railroad executives,
headed by Frederic B. Whitman
president of the Western Pacific
Railroad, San Francisco, to
conduct the study.
The White House announce
ment said the group was spe-
officially requested to inquire
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-22
Lockheed Sets
1861 Records in
Form Reversal

NEW YORK, Mar. % (AP)
The Lockheed Aircraft Corp.
announced today 1T has re-
verSed 1860 losses and in 1861
set records for earnings and
sales.
( 1t listed earnings at $26,096,-
600, equal to $3.46 a share, on
sales of $1,444,510;000 in 1861.
This compares with a net loss
of $42,9 million on sales of ST.
332,000,000 in 1860.
/ The 1860 losses are attributed
to large writeoffs for transport
programs.
The Burbank Calf } based
firm said it ended the year
with SIS billion in untitled
orders.
( Its report described its di-
versification into aerospace,
Shipbuilding, electronics, pro-
pulsion, marine and industrial
product fields. 1t said that
whereas aircraft constituted 80
per cent of its activity in 1857,
it now represents only about
so per cent.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-22


obligation to safeguard their
employees integrity by doing
everything possible to deter
them from yielding to tempta-
ton to take dishonest advant-
age of their positions" he en-
phaSized.
Recalls Old Case
Probably one of the oldest
cases encountered by Mr..
Pratt in his many years in this
field was that of a man who
received only $4,000 a year and
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-22
SIS BILLION LOSS
Pi|ferers, Embezz|ers
Plague u. S.. Business
SIS BILLION LOSS

American businesses are suf-
fering an annual estimated loss
of SIS billion a year as a re-
suit of stealing by employees,
one of the Nations leading
theft and embezzlement sleuths
reported here last night.
Lester A. Pratt, Washington
certified public accountant, who
has had a long career combat
ting this type of crime and has
written and lectured extensively
on the subject, said pilferage
alone costs as much as 81 billion
year and this includes losses
of 500 million a year in de-
partment stores.
Addressing the Washington
chapter, National Association of
Cost Accountants. at the Occi-
dental restaurant. Mr.. Pratt
estimated that forgery losses
are averaging $1,000 a minute
or $1,750,000 each business day
across the Nation.
Ingenuity Required
While automation is provid-
ing better records to detect
shortages and court decisions
have made the lot of an en-
bezzler increasingly dangerous,
great deal of ingenuity still
is required to catch the Of
tenders.
Disappearing merchandise
was controlled in a small town
store by offering to pay ST to
any customer who received an
incorrect sales receipt from one
of the store cash registers.
Loss of money and checks in
a mail room was solved by
planting currency busted with
a special powder. The powder
left marks on the thief and he
was forced to confess.
In the old daVS an eu-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-22

felt he should receive $4,000.
Mr.. Pratt said, he
did deserve $4,000.
He found means of cheating
his employer out Of the $4,000
a year he thought he deserved
but did not receive. When his
was raised to $4,000 a
year, he cut his thefts to 81
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-22

900 a year and when 1t finally
was raised to $500. he started
paying back what he had taken
dishonesty.
When the law caught up with
him, he had paid back all but
around 81 500. In recognition of
his restitution of funds, he
was let off with probation.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-22
TWU Asks Freeze
Of Pennsy Jobs
In Rail Merger

PHILADELPHIA, Mar. %
(AP) The vice president of
the Transport Workers Union
says it has pressed the Penn
sylvania Railroad for an answer
Tuesday on a union proposal
to freeze any jobs of members
that may be abolished by the
proposed merger of the PRR
and the New York Central.
The vice president. Andrew
J. Kaelin, also announced that
the union was completing a
vote on a strike against the
Pennsy under the provisions of
the National Railway Act. He
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-22
u. S. Names 9 to Study
New Hoven's Problems

into the condition Of the rail-
road facilities and equipment,
the commuter problem, the gen.
eral financial condition and
prospects Of the company, and
to evaluate studies being spon-
Sored by the trustees.
The survey group was asked
to make its recommendations
within so days.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-22

Wonderfully easy 10 use, this eosy
Spindrier washer actually lets you
wash and rinse full weeks laundry
in only one hour! Eosy Sprolotor
action and power flush rinse. Finger
tip control center for greater con-
venience MoiI or phone orders filled.
Includes one-yeor service.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-22

said the ballots thus far show
an overwhelming majority in
favor of a strike. The union,
which claims a membership of
$4,000 PR shop and main
tenance employees. asked yes
terday that all jobs be secured
as of February 5.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-10-12
Sofewoy to Buy
Share in British
Supermurt Chain

LONDON, Oct. IL (AP).-
Safeway Stores, Americas sec
ond largest supermarket group,
is after a 81 ,655, 900 ($4.454.00O
stake in a British supermarket
chain, it was announced yes
terday.
Charles w. Gardner, chair
man of the British firm, the
John Gardner Co., has written
shareholders recommending &C
ceptance of the American pro-
posal.
Garner is transferring two
of its supermarkets to Safeway
Food Stores, a new subsidiary
Iof the American concern. In
return the British firm will get
FL million 1913 million) in cash,
100000 shares in the newly
formed company and f405, 900
($1.134, 000) of 6 per cent con-
vertible debentures.
The joint sponsors are plan
ming a vigorous expansion pro-
gram, Mr.. Gardner told his
shareholders.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-10-12
Hertz Planning
To Buy 10000
1868 Vehicles

SAN FRANCISCO. Oct. IL
(APl.-The Hertz Corp. has
mo lack of confidence in the
economic outlook for next
year" and plans to buy a rec
ord 10000 new 1868 cars and
trucks, the rental firms chief
executives said yesterday.
Chairman Leon C. Greene
baum told the security analysts
of San Francisco that the rec
ord purchase will be in excess
of sos million.
The corporations domestic
revenues for 1862 will reach "a
record high of over $3.50 mil
lion," Mr.. Greenebaum pre-
dicted. Last years record was
$138 million.
He expects to report the
highest quarterly revenues and
earnings in history for the
years third quarter, which
ended September 80.
Hertz has an all-time high
of $4,000 vehicles in its do
nestle fleet, Mr.. Greenebaum
said. He added that Hertz
American Express Interna-
tional, Ltd. a subsidiary jointly
owned with the American Ex-
press Co., is doing an annual
volume of more than $12 mil
lion in its fifth year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-10-12
Gold Reserves Remain
Unchanged 4th Week

member banks during the week
ended Wednesday at $473 mil
lion compared with a revised
figure of 1912 million for the
previous week.
Free reserves are a measure
of total bank reserves and thus
an indicator of lending capacity.
The main factor increasing
system reserves during the
statement week was a daily
average increase of 1922 mil
lion in total holdings of Gov
eminent securities. Actually,
the reserve system reduced total
holdings after heavy purchases
at the start of the week.
A drop in the float and an
increase in currency IN circula-
ton as we'll as a rise in re-
quired reserves tended to drain
reserves from the system.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-10-12
NEW YORK Oct. II

NEW YORK, Oct. u (AP
For the fourth week in a
row United States gold reserves
showed no loss, the Federal
Reserve Board said yesterday.
This was the longest period OF
steadiness since June.
The stockpile remained at
SIG, 068, 100000, the lowest since
June, 1899. The loss through
sales to foreign governments
and central banks for the year
to date totals 1922 million OF
close to double the $4l8 million
outflow at this point in 1861,
There has been a decrease OF
$50 million in the stockpile in
the last 10 weeks compared
with almost $500 million in the
previous II weeks.
Meanwhile, the board placed
average daily free reserves OF
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-10-12
CHICAGO GRAIN

CHICAGO, Oct. IL tAPl .-Soybeans
and grain futures moved indecively
within 3 fractional range on the
little news affecting the market and
trdaers were concentrating on eve
ming UP operations.
Wheat found temporary strength
after the opening on reports that a
Polish cabinet member had come to
the United States seekinS a million
Lack Of Selling held corn prices
fairly steady most of the session. Com
mission houses and spectators were
BUYERS.
beans and hedge selling was moderate;
Export sales reported were 40 600
bushels to Denmark and 245.OOO
Wheat was i to ss cent a bushel
higher at noon, December $50 corn
"a to "a higher, December S1.051s;
oats Is to I9s higher, December 64ss
cents: rye UNCHANGED tc "a lower. De-
cenber Sll6Ts. and soybeanS u lower
to u higher, November S2.314s.
Cash Markets
No wheat or soybean sales. Corn
No. . yellow 1.11lz; No. 3 yellow
/ .0qL. Oats No. l extra heavy white
f7Ia; No. . extra heavy white tweevily)
.ifiI4. Soybean oil S9sb-laa. Barley:
Mailing choice 1.23-1.33n; feed 3d.
1.05n.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-10-12
Stocks Steady
After Slipping
In Slow Trade

NEW YORK, Oct. 10 (AP).-
The stock market moved I'M
evenly late this afternoon in
slow Columbus Day trading.
Volume for the day was es-
timated at 2 million shares
compared with 2.46 million
yesterday.
The market managed to re-
sist a downside tendency and
recovered enough to present a
fairly mixed picture late in
the day.
Automotive stocks were about
unchanged. Wheeling Steel con-
tirTued to climb, adding nearly
a point. Hunt Foods has added
an, investment position in
Wheeling to its portfolio.
Prices on the American Stock
Exchange were mixed with
many issues unchanged.
Corporate bonds were mixed.
Dealers in Governments were
closed.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-10-12
Annex Suspends,
Fines Member

NEW YORK, Oct. 12 (AP).-
The governors of the American
Stock Exchange said today a
member had been suspended
for 80 days and fined $4,000 for
alleged reporting irregularities.
The penalties were assessed
against Stephen w. Denman. a
commission broker and regular
member since 194S.
Mr.. Denman is a member Of
RI L. Lafferty & Co. of New
York. Neither the firm nor
its. partners were involved in
the charges.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-10-12
Furnished by the Associated Press
List Includes Most Active Issues

Act, or securities assumed by such com
Win bankruptcy or receivership III
being reorganized under the Bsnkruntcy
panies. M interest. ct Certificates.
st Stanlped. f-Dealt In fiat. K Matured
bonds, aeHOtiability impaired by maturity.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-10-12
METALS

NEW YORK. Oct. IL (AP).-Spot
non -ferrous metal prices today: Cop
per, 81 cents q pound. Connecticut VAL
ley. Lead. ga cents a pound. New
York. Zinc. 1lla cents a pound. East
st. Louis Tin. 1.0794 q pound. New
York. Foreign silver, l20h per troy
ounce. New York. Pittsburgh scrap
steel No. ! heavy was quoted by Iron
Age at 24.00-25.00.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-10-12
COTTON

NEW YORK. Oct. II CAP) Cotton
futures were higher today with the
distant new-crop months leading the
buying was attracted following sharp
market declines earlier in the week
raw cotton to domestic textile mills
through a subsidy plan. Gains in the
current crop months were held in
check by hedging. However. nearby
october contracts gained 81 q bale
following the fairly prompt stopping
of October delivery notices issued
today. Trading in that. position ex-
pires at 1890 pm. Monday.
Late-afternoon prices we're IS cents
to Sl.95 bale higher than the pre-
3344. and March. $3.50.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-10-12
ODD-LOT TRADING

NEW YORK. Oct. - (AP). - The
New York Stock Exchange reported
today these odd-lot transactions by
principal dealers for october IL: Pur-
chases Of iS9. 336 shares; sales Of 232.-
9S4 shares including 1857 shares
sold short.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-10-12
DIVIDENDS
BY the Associated Press

Pc stk. Of Pay
Rate riOd Record able
STOCK
Fischer & Porter pc :. 1l-ls 12-l7
Drexel Entpris (x) l00pc -. ll!0 1l-3C
(x) subject to approval
Medallion Pict 80. pc :. ll-l6 rs
Spencer Shoe 900. J pc 1l-e 1910
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-10-12
UNITED STATES TREASURY POSITION

BY the Associated Press
The frontiersman., 1962-11-08
Loan Hold Lifted By REA; Power Needs Recognized

Washington, D. C. meetings of MEA officials with Congress sional representatives and REA administrator Norman Clapp have cleared the way for re- lease of MEAS $1, ,500,000 distri- button and transmission loan and have pointed up the urgen- cy of the area need for interim power, Phil O'Neill, president of the MEA board of directors, told a luncheon meeting of the Matanuska Valley Chamber of Commerce at the Frontier Cafe yesterday.
 The board president, report ing on a trip which took the MEA men to the regional NRE- CA conference at Eugene, Ore gon, to San Francisco for in- formation on private financing for a steam plant, and to Wash ington, D. C., prefaced his com ments by reading a news re- lease written by Mason La elle, MEA manager. The arti- cle, which appears elsewhere in this issue of the Frontiers man, emphasizes the REA stand on interim area genera
The frontiersman., 1962-11-08

REA for funds to build the plant, O'Neill said.
 If not, the San Francisco meeting with Sterns-Rogers Ga company which constructs steam plants throughout the Rocky Mountain region) re- presentatives supplied us with considerable informa- ton on the possibilities of pri- vate financing, and we know now what we can do to obtain it," he stated. If REA funds are not available, we will go to private financing"
 O'Neill was congratulated by chamber president Barney Fish on the success of the Wash ington trip, and was pledged continued Chamber support of MEA efforts to reach an area agreement
 In answer to question from the floor, Fish said that ar engagements are being made for radio broadcasts of five-minute tapes covering the story of mine mouth power, to be used both in the Anchorage and the Fairbanks areas.
The frontiersman., 1962-11-08
(apifaI Move Gets
 Enthusiastic Support

Voters of predominantly Re- publican District 2 elected Flu gene Reid, Four Corners farm CT, to the Alaska state house of representatives in closely contested race Tuesday, Nov. 6. He defeated his opponent, incumbent Jalmar Kerttula, by a margin of GA votes.
 Still to be counted are 89 ab- sentee ballots recorded in the office of the deputy district magistrate, who pointed out that there may be few Dis trict ballots in Hugh Wade's office. According to the Al aska election code, absentee ballots are counted in the of flee of the election supervisor ten days following the date of election. Observers feel that, since Kerttula would have to pick up about 90 percent of these votes to win, the outcome of this count will not affect the final tally.
 The capital relocation initia- tive received enthusiastic SUD- port in District ', with all pre- cincts voting overwhelmingly in favor of the move. Greatest approval was shown in. Big
The frontiersman., 1962-11-08

a 44-megawatt plant as soon as agreement has been reached.
 O'Neill pointed out that REA has made a most important and unusual concession by per hitting the area cooperatives to take the needs of the City of Anchorage into considtera- tion in their feasibility study.
 Meetings with the city and with CEA are planned for the near future, the MEA director said. We have got to get plant construction rolling by Janu- ary 1. We have just about en- ough power to last us for the next two years-no more"
 He noted that CEA, with a distribution loan from REA now in the final stages, is fac ed with the same problem we have had-assurance to REA that they have a sufficient amount of power to handle ex- pansion plans to be covered by the loan funds.
 If agreement can be reached with CEA on our plans for mine-mouth generation, a loan application will be made to
The frontiersman., 1962-11-08
LOCAL DEFENSE PLANS CONTINUE

City and area defense offici- als are in the process of core lating plans on the local level, according to Ed Smith, area director. Particularly needed at present is a suitable site for an administrative headquarters, he stressed. Plans to utilize the basement at Swanson school have been discussed, but fail ure of the school bond issue in dicates that space will not be available there. The choice of location is narrowed by the necessity of a certain amount of fallout protection.
 Smith warned against drop ping emergency plans because of a seemingly brighter inter national situation, pointing out the lack of readines during the real urgency ten days ago, and emphasizing that the situa- ton could again become critical at any time
 He reiterated the necessity for each family to stockpile a two to four week emergency supply of food and water, to install chemical toilet facilities, and to make emergency eva cuation plans by having on hand a supply of warm cloth ing and blankets as well as a full tank of gasoline at all times.
 A basement alone is not suf- ficient fallout protection, he warned. An outside excavation, beefed up with heat and ventil- ation, is the best bet but diff ficult to construct at present, he said, and suggested as an al- formative a frame construction withing your basement, rein forced with sandbags and ce- ment blocks (both overhead and walls). Basement windows should also be blocked up. Any shelter with two feet of earth above it that won't shake loose or come down supplies reason ably safe protection against radiation, the area director said.
 Each department head is now formulating his plans in writ ing, with the idea of furnishing course of action for others in case he himself is unable to l act in an emergency.
The frontiersman., 1962-11-08

when Jalmar Kerttula was the only Democrat elected from the district. They were Democratic incumbent U. s. Sen. Ernest Gruening, who boiled 1052 vo- tes as compared to 983 for op- ponent Ted Stevens, and Nick Begich, candidate for the state Senate from District E, who to- tailed 964. In the same race, in dependent Sam LightWood pol led 122, and Bob Stratton, Re publican, 905.
 Mike Stepovich, Republican, led in the race for governor, with total vote of 1078, with Gov. Egan trailing at 881.
 Lowell Thomas, Jr. boiled ,1076, and Democratic opponent Ralph Rivers received 973 in the contest for U. s. Represen- tative.
 District 2 voters approved state bonding propositions l and 2, which provide for Uni versity of Alaska and state school construction, but voted down propositions 3 and 4, for trunk airport improvements and vocational school in the Kodiak-Aleutians area.
 They voted to retain superb or court judges Dimond and Nesbitt, 1878 and 1906 respec- lively, with a negative vote of 452 and 502.
 Nearly 2100 voters turned out throughout the district. No figures are available for pre- ceding elections in District ', but the voter response is con- sidered to be heavier than in the 1860 presidential election.
The frontiersman., 1962-11-08
Chamber Meeting Discusses
 Failure of School Bond Issue

The Palmer Independent School District bond issue was voted down in Tuesdays cleo ton by the tax payers of the four precincts included in the district boundaries, Palmer No.
 l, Matanuska, Butte, and Sut- ton -ESka. The total vote was 374 for the issue and 462 against it. The passage of the issue would have authorized con- struction of additional class rooms at Swanson school and
The frontiersman., 1962-11-08

ton and points out the excel lent cooperation given local power associations by REA's Alaska representatives, Ralph Mills and William Lightfoot.
 A letter has been sent to Chugach Electric Association by MEA attorney John Shaw, accepting the new proposal for sale of power. This offer would supply MEA with 5000 kilo- watts of power through Decem- Der, 1864, from CEA's Eklutna allotment at the same price MEA now pays for Eklutna power COS mills), O'Neill said. This acceptance is the only requirement MEA has been asked to meet to insure release of the loan funds, the board president added
 REA officials made it clear during the Washington meet lngs that no further funds will be lent to any area cooperative for generation until all have agreed on one feasible source. ONeill stated, but that the federal agency stands ready to release sufficient loan funds for
The frontiersman., 1962-11-08

placing manual labor to such an extent, high school students nowadays need considerably more training than was neces- sary in former years.
 Brought out was the point that school district voters, while rejecting their own bond issue, passed the state bonding proposition No. 2, which auth prizes funds for construction of schools throughout the state. Ivan Branton suggested that this seemingly inexplicable voter conduct might be ex- plained by the fact that only property tax paying residents of the district were allowed to vote in the school district cleo ton while the general cleo ton encompassed a larger number of voters.
 Zahradnicek referred to Chapter 164, Laws of Alaska, 1862, a law which regulates the setting up of budgets within any school district or borough. It establishes a system for allo- eating state aid to education, and went into effect July l, 1862.
 According to its provisions, state aid will be dispursed be- ginning July l, 1864. The law sets up a formula for giving a minimum education program for all children in Alaska, to which local agencies may add
 (Continued on page l0)