Florence Morning News Newspaper Archives Dec 21 1970, Page 24

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Florence Morning News (Newspaper) - December 21, 1970, Florence, South CarolinaMonday december if70 i Arontt flowing Stum Penn Central lost heavily on air Carrier plan to Ashing on Penn Central Railroad now in reorganization under the bankruptcy act lost nearly All of a investment in a disastrous project to establish a worldwide air Carrier service according to a staff report of the House banking committee. Chairman Wright Patman a aviation Board requirements tex., making Public Sunc Tey the and in the face of repeated re commendations that its Man i report to the committee said it presents one of the and at times one of the most of the Ameri can business Community that has Ever been revealed in an of gement be shaken up. The report assigned major responsibility for the decisions to David Bevan then chairman of the finance committee of the Woody s Barbecue open sat.11 a. we Cater to groups during the week phone 662-3347 or 493-5438 Pamplico hwy., Florence facial Railroad. The report contends that Penn Woven into the report is an j Central Money continued to be account of a suit against Eja i poured into executive Jet Avia by j w Ricciardi of Miami for j lion inc., Eja for about five depositions Tate in Minnec Tiomi years beginning in 1964, despite i with the suit Are quoted in the j continued Eja losses doubts As report. Ricciardi stated in his to whether plans for it could be deposition that the president of Eja retired air Force Brig. Made to conform with Holiday special save now Only take anywhere portable Model 2505 plays on a or batteries. Ideal for the younger set it offers wonderful listening from am radio or monaural records. It has manual player with Sapphire stylus and 45-rpm adaptor plus Many More Quality features. Come in today and save Finklea s main Avo Florence mall phone 669-49911 Gen. Olbert f. Lassiter offered him employment and asked him among other things to arrange female companion ship for Bevan and an invest ment adviser to the Railroad Charles j. Hodge another re tired general. Bevan Lassiter and Hodge have denied the allegations the report said. Lassiter is quoted in a deposition he sued the j company it was a pure Case of the report said Ricciardi s suit was settled for and that the investigators were unable to determine who paid the settlement Money. The report says Lender the circumstances consideration must be Given to the possibility that Public reve lation of certain personal activities that might have been extremely embarrassing to Bevan is inevitably linked to the ques Tion of Why Bevan acted in the strange Way he did throughout the deteriorating Eja Catas the report says also that million part of a million loan Beva negotiated with a consortium of foreign Banks for rehabilitation of freight cars has been transferred to a Liechtenstein account in the name of Fidel Goetz a German National controlling several corporations in the principality. The report describes Goetz As the chief operative in an Effort by Eja to acquire foreign air Carrier properties. The report says Goetz contended he lost More than million in these ventures and had been guaranteed by Eja against that he was Able to effect the Transfer from a Liechtenstein Trust holding the loan proceeds on the basis that no distinction was made be Iween Eja and Penn Central in Lis dealings. Railroad trustees have demanded return of the million he report says but so far with out Success. The report gives this account of the beginning of Penn centrals s involvements with Eja lass Ter drawing on his air Force experience conceived the idea of a Fleet of Jet planes and pilots which would contract with corporations to Fly officers on Short notice thus relieving the companies of the expense of maintaining jets of their own. Eja was incorporated with a Board of directors including i Gen. Curtis e. Lemay former air Force chief of staff other retired officers former asst. Secretary of the Navy James Hopkins Smith and entertainers Arthur Godfrey and James Stewart. Seeking capital to Start operations Lassiter came into con tact with Bevan and William Gerstnecker treasurer of the Railroad which had embarked on a diversification program. The Railroad began to make Loans to Eja through a wholly owned subsidiary american contract co. Which continued through to be pen Cen trial s Channel of investments in Eja. Acc investments in Eja ultimately totalled slightly More than million according to the report. The report says the Railroad officials had in mind developing Eja into an extensive air serv ice with emphasis on air cargo and acquiring equity control of it. Up the Issue of cab s Restric-1 Many Switzerland the credit card expense tons on railroads acquiring air i saudi Arabia France nether account route carriers on which conflicting be Gal advice was received. De spite the Legal uncertainties the report says plans for expansion of Eja went ahead. In August 1966, Eja negotiated for an 80 per cent interest in Johnson flying service based in Missou la mont., whose principal asset was a certificate As a supple mental airline. Then commit ments were made for Purchase of two Boeing 707 and two Boeing 727 jets at a Cost of million. Then in april 1967, a cab examiner found that the Railroad was in control of Eja and ruled Eja could acquire Johnson Only if the Railroad divested itself of its interest. The Board backed the decision with an order. The report says through what appear to Border on deceptive bookkeeping practices sub Stantial additional sums were invested by per in Eja after the cab it describes intricate Neotia ions to comply with the order while retaining the possibility of interest in Eja. About the same Ime the report says truly mind boggling dealings were n Progress to expand into for eign Fields. Lassiter Hodge and others the report said looked lands Antilles and Indonesia. Out of this came two Ter National air according to the report subsequently sold at substantial losses including arrears on leases of Eja s jets to the new subsidiaries. The cab meanwhile again looked into Penn Central Eja operations and on oct. 14, 1969, handed Down a cease and desist order finding 13 violations of the Federal aviation act and it was common knowledge in chief executive developed a number of friendships with Eja stewardesses and of fice the report says. Women in question were known to have taken trips to new York and to Europe with Lassiter and to have spent considerable amounts of time away from their jobs while they were on the Eja notice fining Penn Central regular communication of Eja the report Contin Amity Lodge a 340 will be held at the masonic Temple on Mon. Dec. 21, 1970 at . For the purpose of transacting business. Mem it says control of "5ja is now in litigation but Lassiter and other former executives have been removed and that an at tempt by Lassiter to regain physical control of company Headquarters with the help of armed guards failed on july 23. The company in recent months has been operating in the Black the report continues but its value now is put at about million a fraction of the million invested by Penn Cen the report says that Lassiter consistently and insistently at tempted to Palm his Monument however these plans brought into possibilities in Spain Ger Tal living expenses off on Eja Gomulka survived Stalin s anger by the Assoc oled press Wladyslaw Gomulka is communist who survived the angry enmity of Joseph Stalin and Rose to Power on a program of greater polish Independence from Moscow. I but he lived on Long enough to i ism was that it was imposed a j find himself called a bulwark of i by the russians that it Perse inflexibility and resistance change in Poland. Keys made by professional bonded locksmiths fludd s 250 South Church is. The cute the roman Catholic Church and that it stood for col in the first postwar years he was Poland s most communist party Secretary general and Deputy Premier who did As much As anyone to exterminate democracy and impose communism at the Point of sovid Bayo nets. But As a pole and As a Realis tic politician he knew that what poles hated most about comm of the land. So in 1949. Gomulka was. Cast out of his jobs and imprisoned As a deviation St a believer in the principle that different peo ple can take different roads to socialism. Gomulka s courage was dem your food Stamps Are Good at Jordan s Jordan food mkt. 610 e. Pine prices Good through sat. Fresh med. Size Large size shrimp ,99 us a Choice beef full Cut round Steak la. 89 sirloin Steak jl09 Chuck Steak b59c fresh Large hens 39 the sliced pork loin b39 fresh is 5 3 j in. A Hormel pure pork sausage 49c South Carolina Grade a Large Doz. 49 Florida produce oranges a. Sweet potatoes la. 10 tangerines a. Celery stalk 12 closed Christmas Day dec. 25 Pepp Ridge farm bag stuffing Hormel fully cooked hams 53 whole or Shank half la. Gold band 10-12 la. Broad breasted Turk of nitrated when he bitterly denounced the charges against him. By All the rules of the Era of Stalin who directly ordered his arrest he should have been executed. But Sta in died before Gomulka could be brought to trial and afer years of imprisonment he was released. By 1956, after 12 years of communist Rule what Gomulka had feared . Work men at Poznan rioted in july and were Blo Odily suppressed by troops with a toll of 44 dead. Roman Catholic he took a hard line in the 1967 Arab israeli War. That made him appear anti jewish and vehemently As sailed the United states and West Germany. He came under criticism As More communist and More ant Western than the russians. Nevertheless some poles liked him because he and his wife Long lived in a drab two room apartment and drove a beat up car. Others sneered at this saying it was symbolic of their own drab prospects. Finally an increase in the prices of food clothing and fuel brought Rint a among poles again and Gomulka stepped Down. He organized his first working youth movement after world War. I then turned to forming communist labor groups. Dur ing the 1930s, he had several brushes with the government and went to jail several times for his political leanings. Bers requested to attend. Visi tag masons welcomed. D. E. Purvis . C. E. Jernigan sect dec. 20, 21 notice notice is hereby Given that the annual meeting of the share holders of the Security savings loan association will be held on tuesday january 12, 1971, at a.m., at he offices of the association at 600 pal Metto Street Florence South Carolina to elect directors for the ensuing year receive a re port on the business for the pre feeding year and transact any other business that May properly come before such meeting. Security savings loan association Willis Gregory or. President dec. Is your Man a Gamecock Gamecock decanters Hall s package store 320 North Coit Street fresh pork whole or half hams 69 nescafe instant Tidewater Cranberry sauce peas Tidewater midget Green analysis Tidewater Peti pois Garden that helped bring a Mulka Back to the top on oct. 21, 1956. How selected Secretary i again and several stalinist War rli2 politburo. Again he demonstrated Hio stub born Csur Aee Wieri then soviet Premier Nikita Khrushchev and other Kremlin leaders Lur ried to Poland to try to Fores him Oul. Though soviet troops were re ported moving on Poland from East Germany Gomulka told Khrushchev to his face what was wrong with soviet communism m Poland and issued a Var j Tual declaration of Independence. Khrushchev took it and a Bloodbath was averted. But in his role As a Reali to. Lio warned the poles that one false step could still Lead them to oblivion. In the 18 months that Fol Lowed moreover he was to whittle away Many of the freedoms Grant a in the Iris flush of his own revolution j Freedom of the press was restricted again and a student riot was crushed by Force. Gomulka acknowledged that the soviet Union was first in the communist Camp. Still several of his gains remained and grew. Poles kept command of the polish . Collective farms were dismantled. A workable Freedom Tor the Church was re established though it did nut. Last. Gomulka survived. J but through the years to be j Gan a struggle against the roman Catholic Church though 9" per cent of the population was butter Beans i39 Luzianne All purpose Coffee 69 Frozen food pet Ritz mince meat pies 39 Sweet potato pies a 59 Florence airlines i 662-7593 i to Charlotte leaves at . . From Charlotte leaves at . Advertising deadlines for the Christmas Holiday publication Date s., dec. 29 Mon., dec. 28 sun., dec. 27 thurs., dec. 24 wed., dec. 23 t. V. Deadline deadline sat., dec. 26 sat., dec. 26 thurs., dec. 24 Mon., dec. 21 ." Mon., dec. 21 ." Mon., dec. 21 Don f be Lafe Over daily headers the Only daily i Aper i Uhl Islic in Kastern Carolina

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