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Newspaper
Corry Evening Journal
Location
Corry, Pennsylvania, United States of America
Date
Feb 28, 1975
Page
1
A packed six coach subway train crashed into a tunnel wall at Moorgate Station during the morning rush, killing at least 13 and injuring 68. Fire crews cut through twisted coaches to reach victims as authorities feared a higher toll.
Corry area Republicans caucused at the Municipal Building to hear candidates and firm up petition circulating plans. Six hopefuls seek two city council seats while Halfast and Downey vacate. Other races include school board seats and district justice contests. Democrats plan a Tuesday caucus as Richard Schuster drops from council consideration. President Ford faces a rail aid bill of 125 million with 100 million for Penn Central and 25 million for Erie Lackawanna.
Washington Democrats unveil a long range energy blueprint aiming to revive the economy and conserve energy. They propose a five cent increase in the federal gasoline tax and seek reconciliation with President Ford's plan in talks this afternoon.
The third of Corry's pension plans covers non police and fire city employees. In 1974 the fund earned 20 832 with city and employer contributions near 9 500 and 9 002 respectively and investment income 2 329. Net fund worth reached 53 041 with a 15 247 gain for the year. Assets are certificates of deposit at Marine National Bank of Corry and Corry Savings and Loan, earning 5 to 7 percent. Pension payouts totaled 2 301 to Hazel Merker the single pensioner, while 3 283 was withdrawn by 14 leavers who receive a 4 percent salary repayment without interest. Elected officials such as the mayor councilors and city controller draw nominal salaries. The police pension fund remains shaky with a book value of 245 230 versus market value 151 375, implying a potential 90 855 loss if sold now.
Firemen search the New York Telephone Co switching center for hidden pockets of fire after a five alarm blaze that felled about 200 people and damaged more than ten million dollars. The center's destruction knocked out hundreds of phones and emergency lines across a large area. Names like George Kennelly and William Ellinghaus appear in the report as officials commenting on the disaster.
Corry state police probe a hit and run after a blue car sideswiped Richard E. Derby 42 of Snyder Circle on Route 97 north of Union City. Damage totaled 200. In a separate crash on Route 277 south of Corry, Terry R. Bidwell 28 and Larry J. Bidwell 27 escaped injury when their car rolled onto its roof after skidding. Damage listed at 195.
The House approved a 21.3 billion tax cut mostly for under $20,000 income, with repeal of the oil depletion allowance. The bill includes 1974 rebates and 1975 tax relief via lower withholding, plus a new earned income credit. Debate in the Senate centers on possible filibuster by depletion supporters.
A letter to a German news agency threatened to kill West Berlin mayoral candidate Peter Lorenz unless six jailed anarchists are released. The note demanded release of Horst Mahler and others, to be brought to West Berlin within 48 hours and flown out within 72 hours. Police confirmed authenticity as Lorenz was seized on his way to the office.
The Stanford Hose Memorial Fund, created after the Easter Sunday 1970 fire that killed five firefighters, grew from memorial editions and donations to 39,856. Now managed by Marine Bank, its book value is 41,888 but market value sits at 28,400, risking a potential shortfall if liquidated. No withdrawals have been required, and a single applicant did not respond with requested details.
A March 20 hearing date was set in Erie for Try-M Finance and Try-M Consumer Discount of Warren to arrange extended creditor payments. The Corry facility at 687 North Center Street is involved. A majority of creditors must approve the plan and the bankruptcy judge must find it feasible and fair.
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