Official Reveals Papers Destroyed After Estes Audit
A private accountant who prepared a rosy audit of Billie Sol Estes finances destroyed working papers after a call from Estes associates, Agriculture official says. The audit valued Estes net worth at 13.7 million, aiding a bond increase push. Jackson acknowledged an inadequate audit before the report.
MENTIONED IN THIS ARTICLE
Washington
Billie Sol Estes
Estes’ Organization
Agriculture Department
Estes
U.S
S. R. Smith
Agricultural Marketing Service
Winn P. Jackson
Texas
Texas Atty
Will Wilson
Justice Department
FBI
Marshall
Smith
House
Agriculture Marketing Service
Chamber Head Urges Action to Restore Business Confidence
H Ladd Plumley president of the U S Chamber of Commerce called for White House leadership to rebuild business confidence. He blamed the stock market plunge on two factors profit outlooks and Kennedy steel price actions. Plumley warned against administered prices and urged a thoughtful program to restore fundamentals for stability and growth.
MENTIONED IN THIS ARTICLE
Washington
H. Ladd Plumley
U.S. Chamber of Commerce
White House
Plumley
Kennedy
National Press Club
Chamber
Madison Avenue
Hodges Urges Action To Restore Confidence In Markets
In New York AP report notes faint rally signs as selling dominates with Dow down over 13 points and broad losses across major shares. Hodges calls for concrete government measures including tax overhaul and accelerated depreciation revision to shore up confidence.
MENTIONED IN THIS ARTICLE
Jack Lefler
NEW York (Ap
London Stock Exchange
Munich
Paris
Zurich
Frankfurt
Japan
Tass
New York
Revolucion
New York Stock Exchange
Associated Press
Dow Jones
Anaconda
Sears Roebuck
Swift
Texaco
American Telephone
Jersey Standard
Boeing
Ford
Woolworth
Eichmann Death Penalty Upheld by Israeli Court
Israel's Supreme Court rejected Adolf Eichmann's appeal of his death sentence, deeming the punishment fitting for his crimes. The ruling leaves a possible clemency route to President Ben Zion Ben-Zvi, with execution likely to follow if clemency is denied.
MENTIONED IN THIS ARTICLE
Jerusalem
Israel
Supreme Court
Adolf Eichmann
Gestapo
Eichmann
Robert Servatius
Izhak Ben-Zvi
Justice Ministry
Carpenter Receives College Degree After Space Flight
Astro naut Malcolm Scott Carpenter is awarded a bachelor of science in aeronautical engineering by the University of Colorado in a 90 minute ceremony. He earlier left the university in 1949 during his senior year over a heat transference course concern. The recognition medal accompanies the degree as President Quigg Newton hosts Carpenter and his wife at a guitar songs event.
MENTIONED IN THIS ARTICLE
Boulder
Colo
Malcolm Scott Carpenter
University of Colorado
Carpenter
Quigg Newton
Renee
Market Controls Held Steady By Fed On Margin Rules
The Federal Reserve Board stays silent on calls to ease stock market credit limits. Sources note lowering margin from 70 percent to 50 could lift prices but may also signal concern and invite more selling and short selling, dampening gains.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve Board
Wall
Reserve Board
Four Window Washers Die In New York Elevation Plunge
A moving platform failed at the Equitable Life Assurance Society building on the Avenue of the Americas in New York. It plunged from below the 23rd floor to the ground, killing four window washers. The AP Wirephoto shows the platform wreckage on the 51st Street side.
MENTIONED IN THIS ARTICLE
Equitable Life Assurance Society
New York
51St Street
Four Window Washers Die In Plunge At Equitable Building
Four window washers died when the platform they rode plunged down the side of the 43 story Equitable Building in Midtown Manhattan. Three were killed on impact as glass shatters spread across the sidewalk. a fourth died at a hospital. A maintenance man attributed the tragedy to brake failure in the remote controlled engine above the platform.
MENTIONED IN THIS ARTICLE
New York
Equitable
Midtown Manhattan
Radio City Music Hall
Hodges Calls Quick Tax Reforms to Restore Confidence
Secretary Hodges urged rapid action to counter market jitters, proposing a swift tax overhaul with possible net income tax cuts and an early depreciation revision for business investments. He backed piecemeal tax changes as soon as available, following a White House market briefing.
MENTIONED IN THIS ARTICLE
Eastman Kodak
du Pont
U.S. Steel
Reynolds Tobacco
Luther Hodges
Washington
the Treasury
Douglas Dillon
Kennedy
Luther H. Hodges
Hodges
The
Treasury
Secretary of the Treasury
Department
White House
Dillon
William McC. Martin
Federal Reserve Board
David Bell
Walter Heller
President's Council of Economic Advisers
Edward Gudeman
Manuel F. Cohen
Securities and Exchange Commission
Capitol
Heller
Economic Council
Enka plant idled as 2600 workers join walkout
About 2,600 employees at American Enka Corp. walked out joining a 700-strong protest that began last night. A Superior Court injunction limited pickets to 10, barred traffic disruption, and ordered others 200 feet from Enka property.
MENTIONED IN THIS ARTICLE
Asheville
American Enka Corp
N. C
Superior Court
J. Frank Huskins
Burnsville
Enka
Gaylord Davis
Enka Financial
Terry Sanford
Also Mentioned on This Page
Freddie Redd
Financial Department
AP Witephoto
W. B. Ragsdale Jr
Jackson
Internal Revenue Service
Agrculture Department
Franklin
Tex
Texas Agriculture
Henry Marshall
Dallas
Internal Audit Division
Aldip
Polaroid
Westinghouse
General Motors
Simon Agra‘nat
Germany
Ramleh
Tel Aviv
By Ranke Cormier
Favors