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Mason City Globe Gazette: Tuesday, June 24, 1958 - Page 1

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   Mason City Globe-Gazette (Newspaper) - June 24, 1958, Mason City, Iowa                                i North Iowas Daily Newspaper Edited lor LOBE THI NIWSFAPER THAT MAKES A L L N 0 R T H I 6 W A N S NEIGH B OR S HOME EDITION VOL LXIV Goldfine Hearing Reopens c Gadsby Denies Giving Favors WASHINGTON W Securities and Exchange Commission offi cials were pressed Tuesday to ex plain why SEC took legal acUon forcing a Bernard Goldfine firm to file reports only after a mi nority stockholder accused Gold fine of misapplying money Goldfine Boston industrialist is a friend and benefactor of presi dential assistant Sherman Adams who had another White House aide inquire in 1956 about the status of the SEC case involving Goldfmes East Boston Co A special House investigating subcommittee was given testi mony that the East Boston Co stopped in 1948 filing annual re ports required by SEC but that until 1954 SEC did no more than write letters and use similar in formal means to try to get East Boston to comply BYRON D WOODSIDE direc tor of the SEC division of cor poration finance said SECs Bos ton office reported in 1953 that a minority stockholder had filed a suit seeking access to corporation books Subcommittee counsel Robert Lishfrian said this dis missed by the court asserted that Goldfine had misused se creted and dissipated corpora tion funds The testimony led to lengthy exchanges between subcommittee members Woodside and SEC Chairman Edward N to whether SECacted in such cases only after there had been a manifestation of public inter Associaed Press and United International Fuji Wires 7c ft Copy MASON CITY IOWA TUESDAY JUNE 24 This Paper Consists of Two OM est WOODSIDE SAID that back as1949 there had been some questioiTof seeking to Boston delisted by the Boston Stock Exchange for failure to file reports Butehe said in the whole pre ceding year trading in its stock amounted only to It looked like a dying opera tion Woodside said Some questions raised the issue whether SEC has legal justifica tion for trying to settle violations informally without prosecution Gadsbysaid that where the situation is bad enough we wouldnt hesitate a minute to be gin criminal proceedings LISHMAN commended the gen eral uprightness he said investi gators had found in the SEC He said thorough check of leads and fdundJiUle or no information on he was an allegation that LEO A HOEGH Hoegh to Head New US Offifce WASHINGTON UT President Eisenhower Tuesday picked Leo A Hoegh now Civil Defense ad ministrator to head the new of fice of Defense and Civilian Mo Mlization The new agency will open for business July 1 under terms of a presidential reorganization pro gram merging the office of De fense Mobilization arid the Feder al Civil Defense Administration The merger became legally effec tive Monday midnight Hoegh 50 was elected gover nor of Iowa in1954 and served two years He was defeated for reelection in 1956 by Democratic loy Herschel Loveless Hoegh was an early supporter of Eisenhower when the Presidenl first sought thenomination in 1952 In moving into the hew post Floegh gets a raise from 000 to a year Eisenhower also announced the appointment Gor don Gray who has been heading ODM as his special assistant in charge of nationalsecurity Another Night of Unseasonably Cool Weather Forecast Iowa faces more unseasonablj cool weather Tuesday night Cool er air is expected to overspread the state and mighV push tem peratures down near 45 degrees by morning is a chance of a few scat tered thundershowers Tuesday night and Iowa Wednesday If will be cool er Wednesday with highs from burg received 181 inches of rain and three inches of hail in a 10 ui iVuxjo aim uuee mciies 01 nail In a 10 wueuier me living supplied by apparently reliable minute storm Ida Grove reported cost index for June will be up or sources showed little information damaging hail and 68 inch of down useful to the investigation But during a recess in the hear ing Lishman told newsmen his re rain in 15 minutes Alexander was another poin hit hard About 175 inches OA1O J htitf marks did not apply to the inforrain fell causing crop losses matibn the subcommittee had Other rainfall amounts includec athered inthe Goldfine case Popejoy 78 Osage 55 Buckeye What the subcommittee checked 5 Jewell 52 Dumont 51 and 50 Mason City had 35 PIerf UP as deep as four husbands and wives of commisinches on some farms near Fair sion personnelAvere playing securmont Minn and heavy crop Ity damage was reported Oldtimer the SEC aid tne hailstorm was the wors gaveJfSvored treatment to Goldin that area in 45 years Living Costs Up Again But Rate of Climb Cut WASHINGTON M The na tions living costs hit another new record in May but registered the smallest monthly rise since De cember The latest government reading on living costs released Tuesday held out hope that the twoyear inflationary spiral has leveled out for the summer Food items as a whole failed to increase in May for the first time since Novem ber The Labor Department index rose onetenth of 1 percent to 1236 per cent of the 194749 base This is 33 per cent higher than May last year It represents the 19th straight rise in the index in the past 21 months The index has not declined in any month since August 1956 THE LIVING COST rise means an automatic pay boost for an estimated 850000 workers mainly in the steel aluminum can man ufacturing and meatpacking in dustries About 750000 workers in these industries are to get a 4 cent hourly pay increase effective July 1 under labor contract clauses gearing pay rates to the govern ment index The remaining 100 000 workers primarily in the air craft industry and iri the Wash ington and Detroit transit sys ternsare to get2cent per hour raises 0 the r pay raise pegged to the living cost increase range from 1 cent to 9 cents per hour r Increases in medical care costs and transportation were largely responsible for the mod erate hike in May for the over all index THE MEDICAL CARE increase was attributed primarily to high er premiums for Blue Cross Hos pitalization plans Rates for physi cians services and hospitals also were higher Medical care costs as a whole roseseventenths of 1 per cent The increase in transportation ff r ref cted r prices for gaso line following the end of price used cars Prices of new cars and tires were xuesuay in extreme eastern Hersey E Riley chief of the i labr labor cost departments price and living division forecast 64 to 74 continuing increases in cost of There were scattered showers services and said meat prices Brief showers cooler and thunderstorms Monday HamProbaWy wont decline until fall Hlgl1 6070 On this basis he said he hesitated vriuucuaieLLe at forecasting whether the living to 8 am Tuesday inrttii r fine after getting a White House call about his case Vanguard Launching Again Postponed CAPE CANAVERAL Fla W The Navys temperamental Van guard Americas No 1 satellite launching vehicle flunkedanother test Tuesday After hours of hard work the Vanguard crew gave up at am on another heartbreaking effort to get the slender rocket with its basketball moon olf the ground The Navy said heavy rains had caused an accumulation of mois1 ture in the rockets wiring sys tern which led to electrical short circuiting Two Killed in iowa CycleTruck Crash CARSON M Two young tfe braskans were killed late Monday when Ihe motorcycle on which were riding collided with a stock truck on Iowa 92 about 6 miles east of Carson The high way patrol identified the two vic tims as Dale Williams 20 of Ornaha and former resident of Brtdgewater Iowa and Johnny Hutchings 20 Alien Neb SAM HAIL DAMAGE AT ALEXANDER Hail which struck the Alexander area late Monday caused heavy damage to crops with some fields of oats andcorn suf fering 85 per cent loss Typical of the damage was this hailstripped and rainwashed corn field on the John Photo by Roland Bohlen Weiman farm three miles northeast of Alexander About 1 75 inches of rain fell in an hour High wind also downed a number of trees and power and telephone lines ADMIRAL RAPS PENTAGON SHAKEUP PLAN Threat o WASHINGTON Iff Republi can congressional leaders said Tuesday President Eisenhower and Secretary of Defense Mc Elroy never intended any threat of reprisal against Adm Ar leigh Burke for criticizing the administrations defense reor ganization program l Their views were reported to newsmen by Sehats Republican Leader William F Knowland of California and House GOP chief Joseph Jr of Massa Theyheld anews con ference after their regular weekly meeting with the Presi dent McElroy attended the confer ence Over the weekend the secretary of defense had termed it regrettable thatBurke the chief of naval operations had refused to somer fea tures of the reorganization plan in testimony before a congres sional committee TVIcElroys remarks w e r e sized up by reporters as a re buke to Burke but the defense secretary later insisted thaf he had intended no rebuke The episode caused Chairman Russell DGa of the Senate Armed Services Committee to call on the administration for assurances there would be no reprisals against top military men who disagree with the administrations position Rus sell suspended scheduled testi mony by military leaders pend ing receipt ot such assurances Reporting on Tuesdays dis cussion Knowland said it is his understanding that Eisenhower does not feel that any repri mand or reprisal was made or intended in McEbvoys remarks about Burkes testimony Knowland said it also was his very clear impression that McElroy took that position too at the White House meeting McElroy has been in touch with Russell Knowlandsaid Knowland said Eisenhower believes it is highly important that a defense reorganization abill along the lines he recom mended be passedby the Sen ate TheHousepassed bill does not include three changes the President recommended Lebanon Awaiting Offensive Bomb Blast at U N Office BEIRUT Lebanon lebels exploded a bomb J n i t e d Nations headquarters Tuesday just as UN Secretary General Dag Hammarskjold was returning from Cairo The show of force by the rebels coincided with an official govern ment warning that it expected a new insurgent offensive within he next 48 hours The Lebanese government has said it would call for Anglo American military intervention if it was unable to handle nev rebel attacks Russia has hinted it would send in volunteers a this happened ASKED IF HE had assurances from the United States that it would intervene the president of Lebanon replied I believe the United States has vital interests in Middle East security and I be lieve she would act accordingly Hammarskjold flew herefroin his Cairo meeting with United Arab Republic President Gamal Abdel Nasser shortly before noon He refused to say anything except that it was a nice trip Lebanese officials were pessi mistic that he would be success ful and said they were convinced only an international police could prevent a Middle East war About the time Hammarskjoldls UN DC3 was landing a exploded 100 yardsfronvthe head quarters of his observer sent here to reports Syria the retfels The Weather MasonCity Partly cloudy through Wednesday Chance of thundershowers Low Tuesday night 4449 Cooler Wednesday high upper60s wars in several cities and for Iowa Partly cloudy through Wed r nesday Few scattered showers and thunderstorms mostlynorth and extreme east Tuesday night and Wednesday Cooler Tuesday night low 4452 GlobeGazette weather data up Maximum Minimum At 8 am Precipitation YEAR AGO Maximum Minimum 75 49 64 35 64 53 PEARSALL DIES DES MOINES UPI Amos C Pearsali 69 former general manager of the Pittsburgh Des Moines Steel Co died Monday after suffering a stroke June 17 m Cigarette Machine Doesnt Violate Law Judge Rules WATERLOO Wl Municip Judge Ben G Howrey ruled Tue day that a new cigarette dispen juucy oeueimeier uiear machine manufactured her Lake was killed at pm Monday when her car went off the does not violate Iowa law agains Rrl Ti A nlr n L Crash at Lake CLEAR George Alice June Sedelmeier 43 Clear ie was killed at pm Monday wl South Shore Drive here and ytruck a tree She was alone in the car Mrs Sedelmeier suffered a crushed chest in the accident and was dead when an ambulance arrived on the crash scene Her car went off the right side of the on a curve about two blocks south of the pakwood Grocery The car struck the tree head on and broke it off at ground level The tree was kept standing by resting against nearby trees Mrs Sedelmeier was returning to her home in Oakwood about four blocks from the scene of the crash after visiting friends in Clear Lake Surviving are her husband a chemist at Great Lakes Pipeline Co Clear Lake four sons George Jr 20 in service Terry 17 Anton 11 and Studley 4 all at home her parents Mr and Mrs Charles Ririe Flanagan 111 and three brothers Lyle and Harold Ririe Flanagan and Merle Kewanee 111 Funeral services will be held Wednesday at 2 pm at the Ward Funeral Home with the Rev H E Trimble pastor of the Chris tian Church officiating Services will be held Friday at Flanagan III with burial there Mrs Sedelmeier was born Dec 22 1914 at Pontiac 111 and at tended Flanagan High School and Illinois Stale Normal University Sept 8 1936 she was married to George Sedelmeier at Manhattan Kan They lived two years each at Boulder Colo Iowa City and Minneapolis coming to Clear Lake in 1945 TOO Killed 340 Hurt in Fireworks Blasts SALVADOR Brazil W Two ATTEMPT TO CONTROL CROWD Whitecoated Russian policemen attempt to hold back part of a crowd which at tacked the West German embassy in Mos AP Photofax cow in retaliation for similar attacks on the Soviet embassy in Bonn last week The mob cojjld not be contained until mounted police moved in two hours later stores of fireworks for religious celebrations exploded Monday killing more than 100 persons and injuring some 340 others The gov jernment of Habia state took steps ban all fireworks They are traditionally set off on the June festivaldays of Saints John An Ithony and Peter DIES AT 104 Japanese Not Worried Over Calvert Yacht FUKUOKA Japan Jap anese coast guard Tuesday dis counted fears that a yacht with TV actor John Calvert and four other Americans aboard has fal len into the hands of the Chinese Communists v A patrol boat was sent to search the East China Sea for Calverts twomasted 95ton yacht Thespian A coast guard Spokesman said the yacht is not considered over due in its voyage from Keeiung Formosa to Fukuoka in southern Japan Among those aboard is Iva Boyd Iverson formerly of Mason City Iowa and her husband a California ranch operator Others on board were Constance Conrad Lowe Calverts motherinlaw and Sp 3 Thomas Jones Black River Falls Wis Calverts wife actress Ann Cornell and their young son are in Tokyo The vessel has been plagued by a series of mishaps since it sailed to the Far East last fall A ty phoon broke the yachts masts and tore up her sails last November between Midway and Okinawa In January the Thespian ran aground near Taipei Formosa The ship is on a roundtheworld cruise The main purpose is to film a 39week television series a hcight of 7S7 Injuries Fata to Fort Madison Youth FORT MADISON Pi Jackie ture Iii Europe LeRoy Shatklelt 17 died herejexccpt for the Monday of injuries suffered last Eiffel Tower coin operated cigarette vehdin devices The ruling came in acas brought by Stockmans Inn No 2 one of two retailers here who ha installed the new machines owne by the Iowa Cigarette Service Co Waterloo vending machine under commd usage means a machine whic itself sells a machine whic takes the place of a salesman o performs all functions of sellin the intervention of huma agency The company calls its machine cigarette registers and says sales clerk has to unlock the de vice remove a pack of cigarette for the purchaser make chang and then lock the machine again PRESIDENT CHAMOUN was telling Western newsmen at the time he fears heavy from the rebels and said Lebanon would ask newpow ers creatingan international po lice forceii the situation deterV orates If everything else fails the sources said Lebanon will call for aid from the Uhited States and Britain to help halt the al leged intervention by Nassers United Arab Republic Lebanons own Army appeared unable to halt the antigovernment revolt However President Camilla Chamoun told British television viewers Monday night theneed for direct AngloAmerican inter vention had not yet arisen Girls Move In With Men on K C Campus KANSAS CITY Iffl moved the coeds in with the men Judge Howrey said the term on the University of Kansas City indint marhinp iinHor nnmmnr mmntic huf Jtc campus but its strictly above board Women students occupy the fourth floor of the mens dormi tory the men the lower three floors Previously outoftown co eds lived in approved homes around the city The men are sep arated from the women by spe cial dormitory door locks which when tampered with trip an alarm system It hasnt sounded yet INSIDE RUSSIA TODAY Moscow University Imposing Structure EDITORS NOTE This is one in a series of articles based on John Gunthers new book In side Russia Today By JOHN GUNTHER Moscow University an impos ing structure done in Russo modern architecture is known officially as the M V Lomonosov State University proudest s k y scraper in the city It rises to feet only seven buildings in the entire United States are high er and it is the highest struc DUBUQUE W One of Iowas May 18 when the car he was driv iidents Mrs Nancy AnnMng crashed into a ditch luring 104 died at the home ofa rain storm He had remained a grandson here Monday junconscious since the accident The university GUNTHER has 1900 laboratories 15000 rooms 113 elevators and 110 kilo chemistry each have large build ings of their own wings of the main structureThere are eight candelabra overhead in the as sembly hall each weighs five tons THE SKYSCRAPER division of Moscow University was built be tween 1948 and 1953 and cost three billion rubles one billion of which was for equipment This at the official exchange is million more than the total en dowments of Harvard Yale and Princeton put together and is about five times the total value of the plant of the University of Chicago Money is no object in the Sov iet Union when the government wants to spend something it spends it Moscow University annual budget is 250 millioa rubles without counting new con struction The university has a teaching meters of corridors Physics aadjstaff of about 1800 for approxi   

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