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Ada Evening News, The (Newspaper) - March 7, 1962, Ada, Oklahoma Boley Bank Is 'Short' OKLAHOMA CITY Farmers State Bank at Boley only Negro bank in Oklahoma was closed today because of irregularities exceeding Bank Commissioner Carl B, Se- bring disclosed. Sebring said the small bank's Board of Directors asked that he appoint a receiver and liquidate it. This will be done, he said. President Blamed A resolution blaming the diffi- culty on the bank president, M. W. Lee, and asking Sebring to take action, was passed unanimously Tuesday afternoon by the board. Ethel Anderson made the motion i and her sister, H. E. Lee, sec-i ended it. Mrs. Lee is the wife of the bank president. The two women and their sister, Mack Anderson, are daughters of the bank founder, Forrest Ander- son, who is dead. Not Insured "This is not an insured bank but t h e.y do have a bond 'that will cover Sebring said. "I'll appoint a liq we'll liquidate the bank. "In the long run in my opinion the depositors will not lose any money." Sebring said the bank appliec for insurance with the Federal De- posit Insurance Corp. and FDIC agents discovered the irregular! ties Monday when they began i check of its operations. Sebring was called and he senl George Frame, assistant commis sioner, to handle the investigation, "We're still checking, but the loss will be in excess of he said. The resolution passed by the board said: "Due to the apparent Irregulari- ties of the managing officer, the Board of Directors of the Farmers State Bank, Boley, Okla., volun- tarily requests Carl B. Sebring, bank commissioner of the state ol Oklahoma, to place the Farmers State Bank, Boley, in voluntary liquidation af the close of busi- ness March 6, 1962." Lee Is "Sorry" Boley is a small Negro town in Okfuskee County., Bank-President Lee said at Bol- ey: "I'm sorry this" thing happened. We have a policy to protect our customers." He said financial arrangements involving his company at Boley, The M. W. Lee Manufacturing Co. "is what messed us up." He said he hoped "this thing doesn't keep us from operating the plant." The plant turns out commercial and individual size barbecue cookers and-employs a dozen peo- ple. First Since August Sebring said as of Feb. 1, the family-operated bank had 142.76 in deposits, in capi- tal, in surplus and in undivided profits. Powers Draws Praise U2 Account READY FOR POWERS REPORT John McCone director of the Central Intelligence Agency, and Sen, Rich, ard Russell of Georgia, pose before hearing a Senate report by U2 pilot Gary Francis Powers yesterday. Powers gave a detailed report of'his ill-fated flight above the Soviet Union last year. Following his report, most Senators praised the pilot. Powers made a 90-minute appearance then slip- ped quietly away for a vacation. (AP WASHINGTON Praise from several senators has capped Francis Gary Powers' story ol his U2 flight over the Soviet Un- his- capture and imprison- ment in one of the cold war's hottest episodes. It was an exciting story the soft-spoken pilot told Tuesday .in a 90-minute appearance before the Senate Armed Services Com-- a mystery explosion 12 miles up, a spinning plane and long hours of questioning. Then as- secretly as he came, the. high altitude flier slipped away for a vacation. CIA Director John A. McCone told reporters Powers will con- tinue to be employed by the CIA. "We have additional work for him to McCone said. "I hope today's hearing has cleared, up any cloud that may have hanging over him." been After the hearing Powers linked fight to get out'of the U2 and his arms with two sisters and set off for. what :he said will be a vacation at an unannounced place. He indicated he 'plans no news conference such as Presi- dent Kennedy said the pilot would be free to hold. In the faint country twang of southwest Virginia Powers told the committee in a packed hear- ing- where- spectators often broke into applause, that he doesn't really know what caused the explosion that downed his plane. He said the blast, which fired the sky with orange, like a 'shump.'" He conceded il might have come from a near- miss by a Soviet Senators Impressed Powers' recital of' his -efforts to destroy- the secret equipment in his stricken craft, his agonizing his disposal of a map while rid- ing; his parachute down obviously impressed senators, and spec- .tators. Senators nodded approval as he testified that when his efforts to invent a cover story failed he de- cided to tell the Russians he was linked with the he said he had been instructed to do if he was withheld some vital information. The biggest outburst of ap- plause came when' Powers raised his voice to say that during' his ordeal of capture, imprisonment, endless hours of questioning, trial and sentence1 he always remem- bered that "I am an American." At another point he cried loud- ly, "Oh, no" when he was' asked if he were under obligation' to kill himself if captured. Even" before Powers testified the CIA said in a report the 32- year-old pilot had lived up to .his instructions and "his obligations as an American." The report said he would get his. back pay, amounting, to about Not All Praise Not all the senators on the com- mittee voiced praise of Powers. But Sen. Leverett Saltonstall, R- to commend him as "a cou- rageous, fine young. American citi- zen, who lived up to his instruc- tions and did "the.best you could under very d'iff-icu'lt circum-1. stances." Sen. John Stennis, D-Miss., said ance- with the highest traditions of the country." Others .commending Powers were Sen. Harry F. Byrd, D-Va., Henry M. Jackson, D-Wash., and J. .Glenn Beall, R-Md. Powers filled in with vivid de- tail many of; the highlights of his adventure May 1, 1960. Two Vapor .Trails When he was winging high over Mass., told the flier he wanted the Ural Sea he saw two vapor trails far below him that'might come from Soviet jets hunting for him. "I don't, 'think .they ever saw said Powers. he had landed by para- chute he saw another parachute in the sky, not a part of his he was: "satisfied'to learn equipment. At the time, have been 'fully Sen. Prescott Bush, R-Conn., commented he was satisfied Pow- he said he speculated it might be a parachute bringing back part of a fired Russian rocket. ers had "conducted himself in anj The Soviets claim a rocket shot exemplary-fashion and in accord-i down the U2. Powers apparently was convinced it was near miss, and no hit. Powers said, "I feel that the ex- plosion was external to the air- craft and behind me, but I really don't know." He said his first reaction was to reach for what he called the "destruct switches." These were connected to a charge set to damage the photographic equipment. While Powers never made '.I clear if this also would destroy the plane, Sen. Barry Goldwater. R-Ariz., said, such a charge would have been highly damaging to the plane itself. Goldwater is a re- serve Air Force general. Powers said there was a good reason why -he couldn't use the pilot ejection mechanism provided in the.plane. "In flu's particular 'aircraft he (Continued on Page Two) This is the first state bank to be closed since Aug. 12, 1961 when Sebring closed the Earlsbora Na- tional Bank because of irregulari- ties. Liquidation has not yet been completed on the Earlsboro bank. Shortage was reported to be 000. Later last year the.First Na- tional Bank at Maud was closed when irregularities were found at the Maud bank amounted to about Stephens Wins Commission Post In Murray Vote SULPHUR (Staff) Floyd Stephens, Democrat, won the post of county commissioner. District 2, in a special election here yes- terday to fill the unexpired term of the late J. E. Moore. Stephens was ppposed by R. M. "Red" Webb, Independent. Voting was 744 for Stephens, 344 for Webb. The total vote, was term- ed "rather light" for the district by Bill Heath, secretary of the Murray County Election Board. There were votes cast in the primary Jan. 30, when eight can- didates competed for the nomina tion. Algerians, French Set Final Talks EVIAN, France and Algerian rebel officials sat down' at the conference table again today for what may be the final'round of talks in their long search for an agreement to end the Algerian rebellion. Three Swiss army helicopters flew the Algerian delegation across Lake Geneva from their hotel headquarters on .the Swiss side. Rebel Vice Premier Belka- cem Krim led the Algerian team. Louis Joxe, French minister for Algerian affairs, headed the French negotiators waiting in Ev- ian's Hotel du Marc to hammer out final details of an accord pro- viding for a cease-fire and refer- endum to give independence to strife-torn Algeria. Amid widespread expectations that a peace agreement would be reached in a matter of days, vio- lence and bloodshed continued un- abated in Algeria. Tuesday's toll was 24 killed and 32 wound- ed as- the rightiest European- Se- cret Army Organization bent on keeping French control of the ter-' ritory, kept up'terror raids, and the Moslems retaliated. THE ADA EVENING NEWS 58TH YEAR NO. 306 ADA, OKLAHOMA, WEDNESDAY, MARCH 1, 1962 8 Pages 5 CENTS WEEKDAY, 10 CENTS SUNDAY Canaveral Hums Again As Solar Shot Orbits OKLAHOMA Mostly cloudy this afternoon and tonight; Thursday cloudy east portion partly cloudy west; scattered thundershoVers extreme west tonight and central and east Thursday; warmer this after- noon east and south tonight and extreme east Thursday; a little cooler west. Thursday; low to- night 33 northwest to 50 south- east; high Thursday 60-70. High temperature in Ada Tuesday was 54; low Tuesday night, 37; reading at 7 a. m. 'Boomerang' Skit Takes E. C. Honors The Tiger Tangles smoothed out :o a fine presentation of amateur j talent and kept a crowd of 300 j laughing last night at East Cen- tral College. When the show had ended, the Wesley Foundation's skit "My Boomerang Won't Come had. taken the first prize of" In second place was the '0' Club's farcical ballet from the "Nut- cracker Suite." The Nutcracker Suite jrought down the house sughs as '0' Club members jranced daintily about in gay cos- ;umes. Third place Alpha Rho Tau, 3ast Central's-Art Club, provided the aesthetic with their modern 'Abstraction" dance impressions and interpretations of abstract fc art. R. Lewis Jr., president if the Student Senate, presented he awards. Accepting, for Wesley Founda- ion was Guy Langstpn; '0' Club, Lew McGill; and Art Club, Bill CAPE CANAVERAL, Fla. solor observatory satellite was fired into orbit today to learn how solar radiation influences the weather and other conditions on earth and how great a threat it is to manned space flight. The satellite, nicknamed OSO for orbiting solar ob- servatory, was packed with instruments to give scientists their first clear look at .basic mysteries of the sun. The 458-pound OSO payload roared away from this spaceport at a. m. (EST) aboard a Thor-Delta rocket. All three stages ignited as planned and propelled the craft into orbit, about 350 miles above the earth at miles an hour. Less than an hour later, the National Ae'ronautics and Space Administration reported that-radio signals -received-by-ground- stations- indicated the satellite'Tvas' in orbit. Confirmation of orbit couldn't be made until the 95- swing around the globe was completed. If everything goes as planned, the observatory will provide the most extensive data yet on how solar radia- tion affects the earth and how great a threat 'it is to manned flights deep into space. One of the most complex scientific payloads ever sent aloft, OSQ was designed to make the comprehensive study of the sun. from a vantage point above the distort- ing influence of the earth's atmosphere. The new space traveler is the first of several such ob- servatories planned to unravel puzzles of sun-earth rela- tions. Space agency officials hope to launch at least one a year to chart a full 11-year sun-spot cycle. Sun-spots are violent eruptions on the face .of the sun ranging in area from 100 miles to more than miles in diameter. They are believed to be venting valves for tremendous forces at work below the sun's surface where temperatures reach 50. million degrees fahrenheit. These explosions unleash great clouds of radiation which spread at incredible speed throughout the solar system-7-with.some. of the hot-red, particles-zipping the in 10 minutes.. The atmosphere protects us from most of this lethal radiation by absorbing or deflecting the as X-rays, gamma, ultra-violet and infrared.. If they pene- trated, life as now known on earth would not exist. The atmosphere also prevents ground- instruments from obtaining a clear idea how this radiation affects the earth's weather, influences radio communications, alters the composition of the globe-girdling Van Allen radiation belts and bears on the structure and evolution of the stars. skit, with Roach. ,'.A j CRASH SCENE The wreckage of a B58 Hustler bomber burns after it crashed on a takeoff from Carswell Air Force Base 'at Fort Worth. The plane wa< a sister ship of the BS8 which earlier established a speed' record. It was taking off on a routine training flight. The three crewmen aboard were killed. (AP County Youths Are Charged In Equipment Theft Two county youths have been charged with grand larceny in connection with the theft of equip- ment from a .gravel pit southeast of Ada Saturday. Charged yesterday were John Davis, 21, and Duane Kirk, 19, both of Roff. Kirk waived prelimi- nary hearing and was bound over to' district court; Davis had "not yet been arraigned this morning. The men., were arrested and charged after Barney Philpot and Harral Allen reported the theft of equipment from a gravel pit six miles southwest of Ada. They' 'are specifically charged with taking' a piece 'of specialized equipment used to tow a rock crusher. JUNGLE SEARCH South Vietnamese marines cross ditch in' the of South Vietnam during Cong: guerrillas who recent, successful attacks. against, the .forces-of -the- -pro-Western- government of -Prewden-trNgo Dmh Diem. against, (AP A Parting Blow By THE ASSOCIATED PRESS 'between Manhattan and Staten Is- Winter's most violent.storm for land across the harbor to the much of the. East delivered a vi- cious parting kick today, in "the "orm, of shore-shattering tides, snarled devastat- ng fires, flooded towns, and heavy wind and water damageXV- At least 20 deaths counted, and 8 persons were reported miss- rig. The -tempest remnants of its cargo of snow and reezing rain out. to sea. "after dumping up i in. some inland But its backlash of staggering' President Pumps For Trade Plan WASHINGTON Kennedy appealed to. nation's The Long Island Rail Road had j advertisers and publishers today Second U. S. Astronaut Has Key Traits: Determination And Sense Of Direction SgARTA, Wis. was a determined boy, who knew where.he was going." That's how his.-one-time science instructor ..remembers .Donald Kent Slayton who. is scheduled to become his country's second man in orbit next month. There are many other recoiled tions of the astronaut by- family and friends. He played a. trombone for four years in the high and was proud of school band, the uniform; he. raised a prize sheep and won a. blue ribbon, and sometimes he ran the-five miles from: school to his farm home "to keep, in shape for the track _ team; he has hours'in-the air, and he told his mother the wildest'ride of his life was in a.taxi cabi taking him from one Chicago airport to another.' Urge Came Early For Don did not. be- come Deke until Air Force bud- dies-made a nickname of his ini- urge for wings came early. -The Sparta High School yearbook said of him in his junior year that his .theme song was "keep 'em -flying." Walter Pribnow, who was'Slay- ton's science instructor and' now- is superintendent .of 'schools ;at Appleton, Wis., remembered' that during Don's year, he; look .a special interest in an 'aeronau- tical text. ._' "We -made black' airplane -mod- els for Pribnbw said. "Don was-a who 'knew where 'Slayton was: born, last'-.week, in. 'of; Nor- wegian; stock, and spent'-his-'bo'y- hood on the family farm near the town of Leon. Head of Class He was. graduated.from .Leon a determined Elementary School at the head-of his class and entered Sparta High School in a. class of 180. A new million1, high school, just com- pleted, will-be named for him if, the board said .last week, he ap- proves .the move! In high he played, trom- bone for four years'with the band, and there is a picture of him in'. the band uniform, looking proud, and a' little. shy. He was -out for 'the track team all four years, and played on the school's Future Farmers of 'America basketball team for three years. Don, sisters Beverly. ...and .and Russ and Lloyd'Harris five-mile to .-school daily-in- a Model'T Ford, the' Harris -boys bought for .During track season, Don'1 some- times ran the1 five miles to im-' ers that he r a i sed. Lwie. prize Oxford sheep, and after winning classes at the Fair in Tomah went on to the state fair. Graduated 16th in his class, he enlisted in the-Air Force'on his 18th birthday: 56 Missions The National' Aeronautics and Space Administration "biography of his'Air Force 'career takes up most, of a page: 56-combat mis- sions over, Germany, seven over Japan, time out to win .an aero- nautical, engineering the; of a brief lour "as a civilian ..engineer. quit.-a; good paying job at' mother cause he- was grounded." 'He went'.back the Minnesota Air.National'Guard and then "to" a berth prove' his .wind and mental jet., test-pilot at Edwards It was with the While married Germany, Slayton civilian secretary, Marjorie Lunney, whose home is in California. They have a 4-year- old son, Kent. In a brief -visit home after Lt. Col. John H. Glenn Jr. made.the first the Slaytons were; busy with plans for building a home near NASA's new headquarters at Houston, Tex. Share Confidence At home, his' 74 and 67 years little of the Mercury project. Charles Slayton is town 'treasurer of Leon. share iDoh's confidence iij this his mother .says., "We know.'-that-God flight'.will., be. as successful-, as- "No parents fu- tures.: If. Don is happy' in what he we' are happy. "And Don'would: not. be happy unless'he .was'flying." new troubles and delays on its South'Shore''line and had. to han- dle some passengers, "by bus. 'Flooding'of tracks and stalled trains also snarled commuter, rail roads in northern-'New Jersey, some of .which carry passengers had carried, Hotel Damaged A hotel in the Rockaways, Queens, New York' was de- unsafe because of- storm winds-reported ..as .high as and occupants were or- o I Thie srftQ ic miles per hour or hurricane veloc- ity Block Island, seas into mountainous waves and sent them smashing' into' coastal areas from Virginia to New Eng- land. Evacuation Planned Authorities were planning com- plete evacuation of storm-battered Ocean City, N.J., a summer resort w.th a year-round .population of about The'raging tides had put' the' town under several feet of water. Fires -destroyed at least two 'buildings. Some winter residents of Fire Island, a summer playground, off the South Shore of. New York's Long Island, were, reported to have appealed to'the mainland for someone to come get them. It was not immediately.possible because of the high seas. Trains Snagged Commuter train and ferry serv- ice in the New York metropolitan area was snagged again today. Ferry -service linking Manhat- tan and northern New Jersey was halted, but boats continued to ply First Candidate Files Today For City Elections First candidate to file for a posi- tion on the City Council was Joe Bonar, who filed this morning for pe- 'iod closes'at :-5. p. m.'.: Friday.. Friday, .the. last day1 of registration 'for voters in' te city limits who wish .to .vote, .in city' elecb'on March 20' or vschool1 election'' the 'the City .registration for .voters in the city April 2. The office of- the County'Elec- tion Board is open from 8'a: m. to.noon, Monday through-Friday... dered out. This area is on the South Shore. Similar steps were taken at two apartment buildings. The Belt Parkway in Brooklyn, which hugs the shoreline: in many places, had to be closed because of high .water. Tides at Hampton Roads, Va., were about four feet above normal and forced 'closing of the Hampton Roads bridge-tunnel for the first time since it opened four years ago. 'High water at the Norfolk end deposited driftwood and other debris on the roadway. Traffic was rerouted over the James Riv- er Bridge. Fire Results .A waterfront fire, whipped by 35 m.p.h. winds, raced through- a string of wooden shed; on a commercial-wharf and filled the dis- trict with- heavy smoke. At Wildwood, N.J., a series of severe fires destroyed a furniture store and burned seven other buildings., Sparks from .a blaze in the two-story store-were blown to two-houses' "a block'away, and set off fires which destroyed them. Also damaged .were 'four one: story offices, and a restaurant near the furniture store. 'Thousands fled low-lying areas along the" seaboard. Damages were expected to mount into the millions of dollars. enough whisper- ed to his.-wife: "Let's tell them about Gen. Fea. for support of his trade expansion program, declaring it one of the most vital issues facing the coun- try. 'Kennedy told the Advertising Council it performs a. real national service with its 5100-million an- nual advertising campaign for public causes. hope that-this year you will devote yourself especially to ad- vancing our trade he said. Tied To Freedom Kennedy said-the swift develop- ment of Europe, helped by some billion of-American aid since the Marshall Plan, is creating a stable and valuable base across the .Atlantic "from which we can expand the cause of freedom around the world." He rioted that Soviet Premier Khrushchev has devoted long speeches U) his agricultural prob- lems. The United States has agri- cultural problems too, Kennedy .went on. A Difference "But I certainly would not ex- change problems with him. Our problem is overproduction, his is Kennedy said. The foreign economic program of the-United States is bipartisan and should command the support of every group despite the obvious disadvantages which :a mutual re- duction of tariffs would bring, Kennedy said. "I hope .you will realize that the advantages far outweigh the he added. "This is, I believe, a most vital, matter in the corning year." A Great Burden The President said he believed many.Americans do not fully real- ize how great a burden the United States is bearing: -m order-to main- tain -the stability, and prosperity of other free' world countries, in- cluding the newly: independent states. "Our'balance of payments prob- lem would disappear overnight if it were not for "the efforts we are making-1 them keep their Kennedy, said. "If.-few are prosperous and many poor the'stability of the f-, ;

Clippings and Obituaries for the Ada Evening News