Cedar Rapids Gazette, June 29, 1974, Page 16

Cedar Rapids Gazette

June 29, 1974

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Issue date: Saturday, June 29, 1974

Pages available: 32

Previous edition: Friday, June 28, 1974

Next edition: Sunday, June 30, 1974

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Publication name: Cedar Rapids Gazette

Location: Cedar Rapids, Iowa

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Years available: 1932 - 2016

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Cedar Rapids Gazette (Newspaper) - June 29, 1974, Cedar Rapids, Iowa .. * IMurr I Ii •»< jim) < iaok o* IIKCIIII.lTIVi; HIK VS.* "HNI Whichever volume you choose after depositing $5000 or more in a new or existing certificate account at Bohemian Savings, you’ll have chosen a rich volume that will be valued for years. And, as your savings your deposit, and walk out with the book of your choice. Its that simple. Theres no waiting, and no additional costs. They’re free with your deposit at Bohemian Savings. keep growing through the years, you’ll have the comfort and safety of knowing they’re earning the highest rates we’re permitted by law. lf you’d like a gift edition of either Tile American Heritage Dictionary or The Heirloom Family Bible in Protestant or Catholic versions, just walk in to either of our 2 Cedar Rapids locations, make This luminously illustrated volume, available in either lYotestant or Catholic versions, is the latest ass*3*    original    translation into English as we speak it. The padded cover is stamped with thick: gold letters, and graced by a full color reproduction. Includes almost 30 color plates of celebrated religious paintings. generous 1600 over155.000 entr,< *J,OOO illustrations, hundreds of    f    &;<    * \ fmr photographs. Thousands of new    jJjr words from business, science, and    Wtr technology keep you up-to-date with our changing-language. Many appendices, and the    ,, large type makes it easily readable. Or choose one Better Homes and Gardens book below when you add $500 or more to your savings account. Take too from the selection below for depositing $1000 or more in a certificate account ikrn&e ihmwm md jSfeunlrt AMM’ iSTiORl book! Home Canning Story Book Cook Book Cooking For Two Ground Meat Cook Book Cooking House Plants With Cheese Decorating Ideas Under $100 ^*C( C0*f°1 Downtown: 320 Third St. ST $ The Cedar Rapids Gazette: Sat., June 29, 1974 SEC Warns Investors of Get-Rich-Quick Schemes WASHINGTON (AP) - Two recent alleged Investment frauds that may have cost unwary Investors more than $100 million have prompted the Se curities and Exchange Commis sion to warn anew about special financial offerings. “Recent fraudulent schemes have been promoted by claims of a quick and high rate of return on money invested,” the agency said Thursday. “Unfor-t u n a t e I y, these investments often were stimulated by tips and rumors spread by friends, relatives and neighbors.” One of the alleged frauds involved investments in an oil-exploration tax shelter that attracted many persons prominent in business and entertainment. The second, already the sub-! ject of SEC charges, concerns a j wine venture. The SEC warned especially of | so-called “Ponzi” or pyramid-type schemes whereby early in-1 vestors are repaid with money j obtained from later investors but where the operation itself yields little, if any, income. The SEC listed these specific! warning signals for potential in-| vestors: Promises of spectacular re-! turns of profits far above those' normally expected. Sales approaches from strang-j ers. Rumors heard from friends, neighbors and acquaintances! about unusual investment opportunities. Telephone calls from strangers, particularly from other! Vandalism Up In Buchanan WINTHROP - A large amount of vandalism has been! reported to the Buchanan1 county sheriff's department this) week. In Winthrop, damage included broken signs at McLeroy’s food! market and the Tenth Inning! cafe which were reported) Wednesday to sheriff’^ officers. Additional vandalism was re-! ported in Quasqueton at Finder’s Texaco station where a light fixture and a glass window j block were broken. Other damage included broken glass in an i ice machine and grease room. Goods stolen included sunglasses, gloves, and a small amount of change. Fred Bardeson, of Quasqueton, told authorities that tires on his camper van and boat trailer; had been flattened and a foreign substance had been put in his! gas tank. The tires on a semi-trailer j truck owned by Buzz Oliphant were also flat Wednesday morn-; ing. Wednesday evening vandalism was discovered at the Otterville store owned by F. J.; Schons. Money had been taken from the pool table, juke box. pinball and other machines. No estimate was available on damages. 1 cities, encouraging a particular investment. Use of post office box numbers in connection with communications on investment opportunities. The failure to receive full written information about the people involved, the terms of the offering, the financial condition of the enterprise and its prior business record. The promise of an instant solution to all of, one's financial problems. Pressure to make a quick investment decision. Claims to new or exotic products or enterprises. Claims that the potential investor has been selected to get in on the “ground floor” of a new investment. Youth Charged In Theft from Younkers Store A 15-year old youth was charged Friday with grand larceny in the thefts of approximately $600 worth of merchandise from Younkers department store. The youth, who was arrested after an investigation,    ap parently took the items over a period of (time from the store. Police said the youth had access to the store because he was an employe of a firm dealing' with Younkers. When arrested the youth had a hair brush, four men’s shirts land stereo equipment valued at $270 in his car. After the car j had been impounded, police discovered additional merchandise in the trunk of the car. Police were cheeking further I to determine why the youth was driving a car. Poweshiek Voters Pass $200,000 Bond Issue MONTEZUMA ■ Poweshiek county voters overwhelmingly approved Thursday a bond issue to spend an additional $200,000 in revenue sharing funds for the construction of a county home. A total of 674 votes were cast in favor of spending the additional funds for the project, with only 88 dissenting. Poweshiek county Auditor Beebee said that construction of the structure will begin immedi ately, with contracts signed by the board of supervisors Friday. County voters passed a $500,(KH) bond issue to finance the building of the health care facility one year ago. but construction costs have risen since that time, Beebee said. The revenue sharing funds may not be needed to complete construction, but the board felt it should have additional financial assurance to go ahead with construction of the 51-bed facility. A 1 $324,030 contract was awarded a $201,300 contract for st ruction Co., of Waterloo, L A. Fulton, of Des Moines, was awarded a $201, 300 contract for mechanical work, and electrical work was contracted for $53,667 to Meisner Electric, of Newton. Read the Want Ads Suspend Sentence for Cedar Rapids Man TOLEDO — Michael Alvin Wanatee, jr., 23, of 503 C avenue NW, CecfHr Rapids, who previously pled guilty to larceny in the daytime, an amended information, was sentenced Wednesday in Tama county district court to five years in the state penitentiary at Fort Madison by Judge Clinton E. Shaeffer. On the recommendation of Tama County Atty. Jared O. Bauch, the sixth judicial community court services and the bureau of adult corrections, Judge Shaeffer suspended the sentence and placed Wanatee on probation. Wanatee is    also to make restitution. Appeal bond was set at $5,000. Wanatee and a juvenile youth were arrested March 24 and charged with larceny in the nighttime after a breakin a t Spooner’s    Grocery in Tama. An    undetermined amount of cash was taken, also cigarets,    beer and a radio. There was damage to the cash register, an ice machine and two windows.GAZETTE TELEPHONE NUMBERS tot Nows, Sports, lookkitpmg. Control Information and Offuts Not Listod Solo* Call....................... 3911211 Circulation Subscription Copt  391    1333 Mon. thru Sot. I a.m. to J pm Sundays Until 12 Noon Holidays ll a.m.to7pm. Wont Ads    398    62341 Mon. thru fn. I am. to S pm Saturday until 12 Nooa Display Adsorbing................198    1222 6a rn. to5 pm. Marion Off KO    ............ 398    84301 ;

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