Conflict of Interest Charged in Penn Central Debacle
An ICC Bureau of Enforcement report blames high level conflict of interest and mismanagement for Penn Central’s collapse after the 1968 merger. It cites deteriorating rail operations, delayed shipments, and $100.5 million in unsettled customer accounts by March 3, 1970. The study highlights interlocking board ties, alleged fund misappropriation, and straw leasing as factors.
MENTIONED IN THIS ARTICLE
Penn Central
Enforcement Bureau
Washington
America
Penn Central Railroad
Investors Inc
Bureau of Enforcement of the Interstate Commerce, Commission
Justice
Department For Grand’ Jury
New’ York ‘Central
Pennsylvania Railroad
David C. Bevan
Penn Central Transportation Co
Liechtenstein
Deller
ICC
George ‘K. Deller
Bevan
Realign Continued from Page One Dollar devaluation and currency shifts
The Soviet foreign trade bank imposes a 6 percent commission on the dollar signaling a de facto devaluation. India raises rupee value by 3 percent to 7,279 per dollar. Denmark cuts krone by 1 percent, new dollar parity 7.05. Britain and France maintain gold value, lifting currencies with dollar gold-value drop. West Germany and Japan raise currency value to gold. Bank of England allows dollar fluctuation between 2.5471 and 2.6643, about 24 percent around the new parity.
MENTIONED IN THIS ARTICLE
Moscow
Soviet Foreign Trade Bank
An & Per Cent
New Delhi
West Germany
Japan
Bank of England
Four U S fliers identified after Hanoi briefing
Four of the missing crewmen were identified at a Hanoi news conference as Lt. Kenneth Roth Wells Maj. Leland Hildebrand Lt. Samuel Vaughan and Maj. Kenneth Richard Johnson. All four planes were downed during Laotian battlefield action near the Plain of Jars with MIG interceptors involved and no hometowns released.
MENTIONED IN THIS ARTICLE
Hanoi
Kenneth Roth ‘Wells
Leland Louis Hildebrand
Samuel Richard Vaughan
Kenneth. Richard Johnson
Tokyo
Wellsi
Hildebrand
Ords
Itis Chest of Kin
North Vietnam
U.S
Laos
Plain of Jars
Tax Exempt Status Probed In Private Schools Survey
A nationwide survey of private schools shows most South Vietnamese and U.S. advisory officials say tax exempt status for many private institutions may be preserved under nondiscriminatory practices in the region and abroad. The report notes potential revocations in 53 Southern cases, with various states cited, as the broader mission debates and legal actions unfold.
MENTIONED IN THIS ARTICLE
Mississippi
U.S
South
Carolina
Florida
Alabama
North Caro
Georgia
Tencan
Innessee
Cambodia
IAS
Laos
North Vietnam
Ho Ch Minhj
Kenneth Bass
New York
U.S. Pi
Sion
Thailand
Amercan Oi
Elec
Irwin N. Gris
Bhutto Returns to Power and Seeks Civilian Rule
Pakistan’s Bhutto, returning from the United States, is sworn in as president amid promises to end martial law and restore civilian government. He asserts he is chief martial law administrator but will end martial rule at once and pledges to redeem the armed forces’ honor as he confronts Ayub Khan’s legacy and India’s 1965 war aftermath.
MENTIONED IN THIS ARTICLE
Bhutto
Pakistan
United States
Thej
United Nations
Nixon Q
Ayub
India
China
University of California At
Ibej
Nuclear crisis talks hinge on India Pakistan battle
Fragmentary copy notes the United States branding India the aggressor while Prime Minister Heath discusses strategic talks with Nixon. It mentions billions in aid, American assurances, and diplomatic obstacles amid the India Pakistan war and Yahya Khan stepping down from the presidency.
MENTIONED IN THIS ARTICLE
U.S
India
Nixon
Heath
IRA Gunmen Kill Girl and Wound Soldier in Northern Ireland
In Belfast, Irish Republican Army gunmen killed a 20 year old girl and gravely wounded a British soldier on Monday night, following a day with 20 explosions from bombs planted across Northern Ireland. A car burst of automatic fire targeted a British army patrol but only partially hit.
MENTIONED IN THIS ARTICLE
Visi Pareh
Irish Republic Army
Girl
Belfast
Northern Ireland
Irish Republican Army
Crumlin Road
Ardoyne
Howard Street
Lisburn
IRA
Money and Terror in a Turbulent World
The piece discusses how fixed exchange rates may shift foreign investment to the United States and questions the future US debt to the world, suggesting Eurodollar flows could shrink by about 15 billion dollars. It also covers violence in Northern Ireland with a girl killed by gunfire in Belfast, bomb threats defused in Lisburn, and multiple bombings targeting shops and offices amid ongoing unrest.
MENTIONED IN THIS ARTICLE
Washington
America
United States
Also Mentioned on This Page
Vietnam
Air Force
Warren E. Burger
Harry’ A. Blackmun
Apple Jack Aldra
Ema
Big George
Agha Mohammed Yahya Khan
Wwe
A&p
Lees Produce
Yates
Poz
Emperor Grapes
Chase & Sanborn
Jar We
Swift’s Butterball Turkeys
Old Cure
Smithfield
Shank Ham
Delmonicos
Roe
Wonderlon
A&p Holiday Values
Jane Parker Light
New England
Yukon Club
Parner
Jane Parker
Shinreoe Packers
Danville
Anlepeg
Agilon
Ifm
Jack
Ministry of Social Services
Conway
Dunmurry
Newtown Abbey
County Antrim
White Abbey
Sale Knitting CO
Piney Forest Rd
Danville Estates
AlanTi
M&m Furn
Monroe ST
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