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Newspaper
Austin Daily Herald
Location
Austin, Minnesota, United States of America
Date
Jun 14, 1961
Page
13
Long term financing grows for both big and small firms as banks increase term loans and equipment leases extend contracts. Five year capital loans rise, with $80 million in 1960, expected to triple, funded mainly by pension funds and insurers.
Washington AP reports Irvin Chambers Scarbeck a State Department veteran and Warsaw embassy official was arrested on charges of transmitting classified U S information to a Polish agent between January and May this year. FBI Hoover said the case stems from Warsaw embassy security findings with arraignment planned. Conviction risks 10 years imprisonment or $10 000 fine.
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