Cedar Rapids Gazette, May 27, 1974, Page 3

Cedar Rapids Gazette

May 27, 1974

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Issue date: Monday, May 27, 1974

Pages available: 66

Previous edition: Sunday, May 26, 1974

Next edition: Tuesday, May 28, 1974

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Publication name: Cedar Rapids Gazette

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Cedar Rapids Gazette (Newspaper) - May 27, 1974, Cedar Rapids, Iowa The Cedar Kuplds Gazette: Mon., May 27. 1971 FBI Seeks Top Crime Echelons in Wiretaps By Margaret Gentry (Al') In a shift of strategy, FIJI officials say they're going for quality itMcad of quantity ttt llteir use wiretaps m catch mobsters. Assistant FBI Director William Cleveland, in charge of the special investigations division, and Inspector A. A. Staffeld say the new approach partially explains the ilecrease in conn-ordered federal wiretaps and buss in liCi. Below 1972 A recent government report showed I bat last v ear's federal eavesdropping fell ;17 percent below the 11172 level, while laps and bugs employed by state and local authorities increased U percent. Cleveland and Staffeld dis- cussed wirelap policy in a joint interview. "The decrease is because of an increase of selectivity m connection vvilli organised clime cases." Cleveland said. Noting that the majority of taps concern gambling inves- tigations, Staffeld added: "At the outset, we had a different aprouch. We wanted clean the thing from top to bolioni. As we got some experience, we said let's take the operators. If we get the organized crime man. the lower echelons vv ill go out nf business anyway." They said illegal betting operations often involve many small-time "mom and pop" bookies who are not directly tied into the crime syndicate and don't "have a real feeling that they are violating the law." "You certainly are not going out lu make a case on the little old lady in the candy store." Cleveland said. Incrt'iiM'tl I st- ile and Staffeld said state and local officials may have increased the use of wiretaps because of numerous inves- tigations of police corruption, often stemming from illegal gambling and narcotics opera- tions. The government report that the use of telephone taps far outnumbers the use of bugs microphones secretly planted in rooms or vehicles. Cleveland and Slaffeld ar- gued tbiil both methods are important law enforcement loiils. They said bugs often are essential in loan-sharking cases when none of the illegal transactions are conducted by The two officials reluctantly conceded that FBI agents usually plant hugs by sneaking iiiln the premises under inves- tigation. Staffeld said the court order authorizing Ihc'bugging "is the eitnivalenl 01 a warrant" authorizing surreptitious entry. "The entry is implied." he maintained. "We have the authority to go in with the warrant." He said the entry is dangerous for the agent and added: "That's why we don't like to talk about the close de- tails of that sort of work. Von don't know when yon go that dour if there's man with a gun on the other side." SEVENTEEN by Bernard Lansky "Sheldon, you're a cost Charge Prison Officer Arranged Rendezvou DKTK01T (AIM An office at the Federal Correctional I stilulion al Milan has been ii dieted on charges of acceptin a bribe to drive prisoners to rendexvous with women in nearby motel, the FBI said. Agents said senior correi tioiial officer Clinton Taylui was charged with one com of accepting a bribe and on count of falsification of U. government documents. ON THIS DATE ill 1SSII. force under the Italian patriot Giuseppe Garibaldi, invadei Sicily and captured the city n Palermo. The Investor's Guide By Sam Shulsky Q We arc retired, with inn home free and clear and with an income of about S.IJ 000 from pension, social secuntv K bonds, and corporate stuns and bonds. We also have some speculative shares winch produce no income. In VK.W of Ihc present inflation and tin. almost certain prospect the rule will increase, can yon suggest a shift of about SlO.Odll sn as tn protect ourselves against, that prospect? Present income is adequate. A Inflation in this country is currently running above 111 percent a" year and there is no safe and sound defense against that. Our hope for preserving capital and buying power must depend upon our government's success in curb- ins; inflation, not in hoping for annual gains of 15. or or more percent by taking wild chances. You can gel close to 9 per- cent today from high-grade bonds, but that would fail even 5am Shulsky if yon need more income lo meet today's higher prices, switch this fund into II bonds, ur redeem part ot all ot the E bonds and reinvest the money for current income. (Your tax bracket must dictate your best course.) But don't look for "investments" which can keep step with wild, unchecked inflation. Q My father owned some mining stock bought in 1926. 1 can't find any information on it. A The address yon men- linn is that of a brokerage firm which after almost 50 years these now even at a loss ami wait for or 111 percent coupon bonds'.' A If you are convinced that AAA bonds will soon carry !IU and 10 percent coupons yes. Q Our mother died and left her home to eight children. How do we go about changing title? A This is a job for the lawyer who handled the estate. ODD LOT: An amount of slock less than the established 100-share or 10-sbare unit uf trading; that is. from one to shares fur a stock which is generally traded in 100-share lots and from one to nine shares in a stock usually trad- ed in Ill-share lots. Mr. Stiulsky welcomes written 01 lions, but he will be able to provide iclude a self-addressed, stamped er elooe. Address vour reauests to Sar hulskv. cnre of The Gazefte. o preserve the buying power of have our monev. let alone provide what socms lu a slock- r" lr-v secretary of state of the state you with any spendable in- come. It would seem to me that vou "hk'h company should employ your funds in gelling solid incnme from high-yield bonds and to a lesser extent, in holding the shares nf companies which are prominent in the resources industries. You could then hope that if for example the prices of lumber and copper and pe- troleum continue to rise yon could expect that the corpora- linns producing these items would enjoy rising earnings, and pay higher dividends. Yon can. of course, speculate on (he future price of soybeans originally. named on I I find the state stock certificate. I have S23.000 available fur retirement income and natural lluu' 'K'1'" utility stocks or bonds. Which would be considered the safer invest- ment'.' A If by safety you mean assurance that you will get your income and that your principal will be available at maturity, then the bonds must cinnc first. Offsetting that increased safely, of course, is the fact and gold and silver and pla- llu" Payments an tiiiiim. but commodity ven- tures must remain specula- linns. I don't see how retired folks can assume these risks. One positive step, however, would be to gel all your funds into income-producing invesi- nienls. That means it's time to cut loose from cheap, non- (lividend-paying speculations. K bunds do not produce current income unless, of course, you are cashing in a certain amount on a regular basis. Sn fixed and so is the amount of money you will get back at maturity. Any hope of increas- ing income nr capital must go ailing will] the higher risk of Ihc common shares. I) 1 recently bought AAA bonds at a price to yield K.3 percent. Would it be best to sell Checker Games Cost Man, 94, Savings FAUIOUTII, Maine (AP) _ A game of checkers cost 94- year-old Ernest M. Storey his life savings. The retired painter said he was silting hi front of his home when a young couple approached and the woman asked if he wanted to play a game of checkers. While Storey and the woman set up a game board, her male companion said he was going for ii walk. By the lime Storey had won two games, the man returned and the couple departed. Later a friend came to the house and discovered that a window had been opened and the screen cut. In Storey's room, they found Iwn padlocked boxes missing. Both were found, broken open, in woods behind the house. Missing from the boxes was Storey's life savings of lie had been saving the money for 22 years to buy a monument for his plot at a local cemetery. Americans Take Highest Cannes Festival Honors CANNES. France Two American films "The Conversation" and "Sngerland K.xpress" and American ac- tor Jack Nicholson took top honors Friday at the Cannes Film Festival. Francis Ford Coppola's "The ii film about a snooper and his invol- vement with murder, received the Golden Palm award. The American film centers on the sleazy private life of a private eye who is assigned to eavesdrop on the conversations of a young couple. "Sugerlaml Express" won the award for best scenario. Nicholson took the award for best actor for his role as a troubled sailor in "The Last Marie Jose Nat of France was named best actress for her role in "Les Violons tin a film about the Nazi occupation of France. The jury awarded a special prize lo Italian director Pier Paolo Pasolini for his ribald version of "A Thousand and One The Film Critics Federation award went jointly to "Lan- celot of the directed by France's Robert Bresson and the Others Are Called a .film about an ill-fated romance between a cleaning woman and a Morroccan im- migrant. It was directed by- West Germany's Rainer Fass- bincler. Bresson said he would reject the prize "because it shocks me" tn share it. His film is about King Arthur's knights of the round table. 'The a Soviet film, was awarded the grand prize fur short subjects while the jury prize went to a Canadian film. The jury granted a prize to director Carlos Saura of 'Spain j ?or his film "Cousin i i haunting tale of a middleaged man reliving his childhood during the Civil war. decries Dam on River Jordan JERUSALEM (AP) Th where Jesus was baptized s in danger of becoming an )pcn sewer, an Israeli member if parliament claims. The Jordan river faces that ate if govcrnment-ownec! later companies carry out an rrigalion project involving a lam across the river near tlu iea of Galilee. Yedidia Beeri barged in a debate Tuesday, ieeri said the (lam would block resh Wiiter needed lo dilute he river's pollution. Agriculture Minister Maim ivati replied that pollution .as caused by farming eltlements dumping garbage 11 the river, and said they liould be compelled lo treat aste Wiiter You're Not Well Dressed If Your Clothes Aren't Cleaned and Pressed (all Us! Quality deoning Hot been our business for over 25 yeors. Free Pickup Delivery MASON Dry Cleanon 114 5th Ave. SW 362-8531 ______._______________________________ NOTICE! i Cedar Rapids Homeowners Homestead Exemption nnH Military Exemption Applications Must be Filed in the City Assessor's Office, 5th Floor City Hal! BEFORE JULY 1, 1974 Come In Early, Avoid The Rush! OPEN MON. THRU FRI. 8 a.m. to 5 p.m. I Too Much Smell Dumped in Gas NOHW.AI.K. Conn. (AIM Someone loo much "smell" into the natural gas supplied iiy Connecticut Light and Power Co.. a company spokes- man savs. The utility .idds mlor In tlic odorless gas piped to cus- tomers so Unit it can be de- lected in case of a KM leak. Hut somebody overdid it by pouring ton much odor into the tanks al tile N'orwalk plant. The result was a strling hut harmless smell in liumcs when gas stoves and appliances were turned on. The strong odor brought about 5110 telephone complaints and a company spokesman said .servicemen were dis- patched to check out each complaint. The spokesman said the company could not dn anything about the smell, hut said it would eventually disappear as appliances used up the gas. for Better Health Learn to Identify Poison Ivy Plants, Avoid Them Uy Dr. S.I.. Anddniai! Kadi year 2 nullnm Americans suffer from poison ivy The disease results frimi contact with the oily sap of poison ivy. poison oak and poison sumac plants. The plains aren't actually poison, but the sap is an allergen, a substance that produces an allergic reaction in sensitive individuals. The poison plants are found in all parts of the country, so learn to identify the plants to keep yourself free of the disease. With the exception of poison sumac, which grows in the form of a woody shrub or a small tree, the other plants grow as vines along walks, fences and paths or as ground shrubs. You'll recognize them by the distinctive distribution of leaves single leaves con- sisting of three leaflets on a slem Tovle Iti'sln It's estimated that at least seven ill every ten people are linteiilially allergic to the toxic resin of poison ivy. Luckily, most cases of poison ivy are relatively mild. However, per- sistent or severe cases may lie dangerous as well as painful. In serious eases complica- tions such as fever, swollen lymph nodes, flnlike symp- toms, kidney damage and even blood changes are possible, llospitalization may In1 required. Treatment depends on the severity of the reactions. Mild lu moderate cases are treated by keeping the skin clean, drying up broken blisters, relieving itching and otherwise assisting the natural healing of the skin. Applying cold-water compresses to the affected Dr. S. L. Andelmon areas will reduce relieve I idling and reduce inflamma- tion. Tepid baths in water con- taining cornslarcli or oaltiical can relieve itcliing on purls of the body not effectively treated with wel dressing. Contrary to popular superstition, bathing, showering and other exposures to water can be useful and even essential to treatment. Cidamine Lotion Calamine lotion, applied "early, will hasten the drying of small blisters. Your doctor will treat extensive eruptions with local or systemic cortisone remedies and superimposed infections with antibiotics. Oral hislainine drugs often relieve the itching. Home Improvement Money New Almost any project ualifles. Additions Air Conditioning Central Automatic Garage Openers Combination Windows Concrete Work Dishwashers Fireplaces Floor Covering Floor Furnaces Flooring Furnace Garages Garbage Disposals Heating Controls Incinerators Insulation Jalousies Kitchen Cabinets Landscaping Light Fixtures Lighting Oil Burners Painting Papering Patios and Driveways Plastering Plumbing Rec Room Finishing Refrigerators Roofing Screens Security Alarm Systems Septic Tanks Sewer Repair Siding Sodding Sprinkler Systems Storm Doors Stove and Ranges Swimming Pools Termite Control Vacation Cottages Venetian Blinds Washers and Dryers Water Heaters Water Softeners Wiring These are only a few of the projects that qualify. Bring your project to the Merchants National office nearest you, or call your Personal Banker for complete information. Home Improvements are one of so many ways we can help you Merchants National Bank ill Main Bank Motor Bank A'BANKS OF IOWA'BANK Vernon Village Ollico Kingston Oftico Amnnn Office ;