Supreme Court Affirms Net Worth Convictions In Tax Evasion
The Supreme Court upheld four income tax evasion convictions using the net worth method, allowing the government to prove unreported income by showing increases in net worth beyond reported earnings. David Friedberg of Columbus, Edward Calderon, Marion and Marion Holland, and Daniel Smith were named in the decision, with Friedberg sentenced to 18 months and a $10,000 fine.
MENTIONED IN THIS ARTICLE
Washington
Supreme Court
Internal Revenue Service
David Friedberg
Columbus
Ohio
Clark
Congress
Edward B. Calderon
Douglas
Ariz
Marion L. Holland
Golden
Colo
Daniel Smith
Worcester
Mass
Internal Revenue
Friedberg
Buckeye Tailoring
Formosa War Threat Follows U S Formosa Pact
Premier Chou En-lai denounced the U S Formosa defense pact as dangerous and vowed China would liberate Formosa. Peiping broadcasts accused Washington of aggression and sought to provoke U S Britain into conflict, while U S officials warned the warning could aim to widen the war risk in Asia.
MENTIONED IN THIS ARTICLE
Tokyo
INS
Chou En-lai
Red China
U. S.-Formosa
Peiping
Chou
Formosa
Red Radio
People’s Daily
Far East
U. S
Eisenhower
Chiang Kai-shek
London
Washington
U.S
Chiang Kaishek
America
Britain
Burglars Take $75,000 In Furs From Chicago Store
In Chicago on Sunday burglars used a sledgehammer to enter a storage room of a Michigan Avenue women’s store without triggering the alarm and escaped with 40 mink sable and Persian lamb garments valued at $75,000. Detective James Dwyer cited Bonwit Teller officials on the loss total.
MENTIONED IN THIS ARTICLE
Chicago
Michigan Avenue
James Dwyer
Bonwit Teller
McCarthy Absent As Probe Begins
The investigating subcommittee reopened its inquiry into Communist infiltration of defense plants but Senator McCarthy was absent at the start of the closed hearing. Senator Mundt of South Dakota served as temporary chairman after a call from Mrs. McCarthy explaining her husband’s injured elbow.
MENTIONED IN THIS ARTICLE
Washington
INS
McCarthy
Wisconsin
Blessing From Pope Planned As Marian Year Ends
Vatican reports Pope Pius XII continues to improve and will bless the faithful from his sickbed to close the Marian year. The blessing will be broadcast from St. Peter's Basilica with relay to Vatican Radio and international networks. The Pontiff spoke briefly Sunday as his condition remains serious after a Thursday collapse and gastritis.
MENTIONED IN THIS ARTICLE
Vatican City
Vatican
Pius XII
St. Peter’s Basilica
Vatican Radio
Mary
Monster of Loch Ness Said Detected By Echo Sounder
Glasgow report says trawler Rival crew proved existence of a large creature in Loch Ness using echo sounding. They claim a 50 foot long eight legged silhouette resembling a scorpion, at about 540 feet depth, with onlookers sighting three humps and a fin on the center hump near the shore.
MENTIONED IN THIS ARTICLE
Glasgow
Peter Anderson
Riva
Hormel Reports Fiscal Year Net Income Per Share
New York AP. George A Hormel and Company reports for the year ended Oct 30 net income 1 833 440 dollars or 3 42 dollars per common share on sales of 331 821 953. This compares with prior year net 3 019 916 dollars or 5 73 dollars per share on sales of 313 482 652 dollars.
MENTIONED IN THIS ARTICLE
New York
George A. Hormel and Company
Canadian Flier Apple II Confirms Yanks Held in Camp
Canadian ace Andrew R Mackenzie says Chinese captors still hold some American airmen in his prison camp near North Korea. Three known Americans were listed as being in the camp, with others not named or confirmed by officials. Mackenzie arrived inHong Kong after release, noting he hopes to spend Christmas with his family.
MENTIONED IN THIS ARTICLE
Associated Press
Andrew MacKenzie
Red China
Hong Kong
RCAF
Donald Skene
MacKenzie
Harold Fischer
Swea City
Iowa
Andrew R. MacKenzie
Air Force
U. S
Peiping
Washington
Lyle W. Cameron
Lincoln, Neb
Roland W. Parks
Omaha
Freedom
Yalu River
North Korea
U. S Air Force
Rcaf Wing
O. D. Simpson
U. S. Air Force
Jit
Vancouver
MacKenzie N
Owever
Simpson
Skene
Texas duo plan 640 acre energy center in Colorado City
Houston financiers Lucien Cullen and Welborn Foreman announce a 640 acre development in Colorado City described as the energy capital of the nation. The project costs about 7.225 million dollars and includes offices for mining and oil equipment, a research area, a hotel and apartments, a housing tract, a shopping center, park, pool, nine hole golf course and country club. Financing is via a Texas oilmen syndicate with no stock sales.
MENTIONED IN THIS ARTICLE
Grand Junction
Colo
Texas
Colorado City
Lucien Cullen
Welborn Foreman
Houston
Syndicate of
Texas Oil Men
Atoms for Peace Training Announced by AEC
Eisenhower's plan for peaceful atomic aid moves forward as the Atomic Energy Commission says scientists from 53 countries will begin U S training next year in radioisotopes at Oak Ridge. A four week resident course starts May 2 for qualified scientists and technicians to learn isotope handling and tracer techniques.
MENTIONED IN THIS ARTICLE
Washington
Ins
Eisenhower
Atoms For Peace
Atomic Energy Commission
U. S
AEC
Lewis L.strauss
Oak Ridge, Tenn
Fires Produce Fatal Toll Across Several States
A Gazette Leased Wires report details multiple fires killing 15 people and injuring 18 within 24 hours. Rest home deaths in Germantown Maryland include four elderly women and a 96 year old woman. explosions and gas heaters contributed to the blaze. Separate incidents in Franklin Massachusetts claimed five children and the De Baggis parents. other fires in Kewanee Newfoundland Bloomington Hatfield and Chicago caused deaths and major property damage. Firefighters faced snow and rapid flame spread while investigators note a lack of sprinklers at the Germantown home.
MENTIONED IN THIS ARTICLE
Germantown
Reginald de Baggis
Franklin
Mass
de Baggis
Chicago
Reilly Tar and Chemical Corporation
Oswald Kohn
Alberta
Edward Patton
Iowa Fires Wreak $250000 Damage Across Cities
Four blazes in Iowa Sunday caused damage totaling more than 250000. Buildings destroyed include Fullerton Lumber Co in Rockwell City Morning Side Masonic lodge in Morningside a Sioux City suburb G and S hardware store in Glidden Carroll county and a large barn on the Clifford Borseth farm near Decorah. Flames burned for over 12 hours at Rockwell City despite firefighting efforts.
MENTIONED IN THIS ARTICLE
Iowa
Fullerton Lumber Company
Rockwell City
Morningside Masonic Lodge
Morningside
Sioux City
G. and S. Hardware Store
Glidden
Carroll County
Clifford Borseth
Decorah
Rockwell City Lumber Company
Iowa Traffic Toll Near Record After Weekend Deaths
Iowa's 1954 motor vehicle toll rose to 590 with three weekend deaths, narrowing the gap to the all-time record of 625 set in 1951. Victims include Walter Robinson of Moville, Ferdinand Knaak of St Ansgar, and Arnold Pitt of LaMotte, along with two others in Missouri crash.
MENTIONED IN THIS ARTICLE
Iowa
Harold Lunsford
Bloomfield
Earl Hainline
Ottumwa
Lancaster
Robinson
Moville
Thomas L. Corden
Woodbury County
St. Ansgar
Knaak
Pitt
Highway 61
Zwingle
Dubuque County
Iowa leaders seek unity between Legislature and state colleges
Gov. Leo Elthon convenes heads of Iowa State Teachers College University of Iowa and Iowa State College to heal distrust and disdain with lawmakers. He cites mutual misunderstanding and overreach by the Legislature into administration, pledging talks to restore goodwill and proper governance.
MENTIONED IN THIS ARTICLE
Des Moines
Leo Elthon
Elthon
J. W. Maucker
Iowa State Teachers College
Maucker
Eden condemns Red jailing of airmen as pact breach
London AP reports Foreign Secretary Eden decried China's conviction of American airmen as spies, calling it a direct violation of the Korean armistice. He said civilized nations must not treat officers and airmen in uniform as spies and urged repatriation. Eleven men were shot down during UN operations and should have been repatriated after the armistice.
MENTIONED IN THIS ARTICLE
London
Eden Monday
China
House of Commons
Eden
Anthony Nutting
U.N
State Cannot Bar Interstate Trucker Breaking Law
The Supreme Court ruled unanimously that states lack authority to close highways to interstate truckers who violate state laws. Justice Black held only the Interstate Commerce Commission may revoke or suspend operating certificates. Illinois failed to prove it could ban repeatedly overloaded trucks, and the court rejected the plea.
MENTIONED IN THIS ARTICLE
Washington
Supreme Court
Justice Black
Interstate Commerce Commission
Illinois
John L. Davidson, Jr
Decorah Reading Six Below Zero
Iowa endured its coldest spell of the season with a reading of six degrees below zero at the state fish hatchery near Decorah. Other lows included two below at McGregor one above at Mason City and Elkader three above at Waterloo. Cedar Rapids dropped to 15 with a 30 degree hold at 2:30 p.m. Monday. The forecast called for little change but a slight warming trend to start Monday night as clouds moved in.
MENTIONED IN THIS ARTICLE
Iowa News
Iowa
Mercury
State
Decorah
McGregor
Mason City
Elkader
Waterloo
Cedar Rapids
It Surely Ought To Be Surprise Whisky Bust
Willart Hurst said he was making a few gallons to surprise pals for Christmas when agents seized a still and about 40 gallons of bootleg whisky. Officers noted the mash contained old whisky beer bottles mustard jars cleaning fluid bottles potato peelings raisins and fermented chicken feed.
MENTIONED IN THIS ARTICLE
Los Angeles
Willart Hurst
Hurst
Allies Agree on Accusing China
United Nations notes from New York report all 16 Korean allies reached a unanimous decision to file a joint resolution charging Red China with violating the Korean armistice and demanding the release of 11 jailed Americans.
MENTIONED IN THIS ARTICLE
United Nations, N.Y
INS
U.S
Henry Cabot Lodge
Red China
Also Mentioned on This Page
High Tribunal
Revenue Service
Hormel
Fred Hampson
Today's Index
Enee
Daily Record
Robb
Marion
Atom School For
Gazette
Kewanee
Charles Frantzen
Carol
Richard
Anna Sill
Jacqueline Schenck
Hatfield
Bloomington
Morris- Tick Salvage Company
The
Unity of Colleges
Elthan
State Board of Education
Iowa State College
University of Iowa
Red
Labor
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