Bank President Deposited Nearly $3 Million Before Failure
Senate investigators heard San Francisco National Bank president Don Silverthorne deposited 2.28 million at the bank from loans and stock sales and spent hundreds of thousands on jewelry luxury cars and Las Vegas gambling. He also loaned himself 150000 via a Clark Bennett led account and a Wakita Corp. tie up, with funds later linked to casinos. The bank failed January 22 leaving the Reserve Board owed 9.2 million.
MENTIONED IN THIS ARTICLE
Washington
UPI
San Francisco National Bank
Las Vegas
A. E. Larsen
West Coast
Senate
Don E. Silverthorne
Larson
Pacific National Bank
Wakita Corp
Federal Reserve Board
San Francisco
Reserve Board
Currency Comptroller’s Office
Silverthorne
John J. McClellan
Dark
Subcommittee
Larsen
Comptroller’s
William S. Bennett
Susan Properties
Indonesia Seizes American Movies Group Building in Jakarta
In Jakarta the Committee for Boycotting Imperialist American Movies seized the American Motion Picture Association building. About 300 workers demanded the arrest and deportation of William Palmer, accusing him of CIA links as anti-American demonstrations close US libraries and shutter major studios.
MENTIONED IN THIS ARTICLE
Indonesia
Jakarta
UPI
American Motion Picture Association
William Palmer
U.S. Information Service
USIS
U. S
Johnson
Film Artists Association
Palmer
Sukarno
Central Intelligence Agency
CIA
Warner Brothers
Italian leftist marchers clash with police near Rome embassy
About 3000 leftist demonstrators marching to Rome’s embassy clashed with police after sitting on the pavement. Fifteen arrests were reported as rioters faced riot teams near Via Veneto. The protest, linked to Vietnamese policy, drew Communist and socialist leaders.
MENTIONED IN THIS ARTICLE
Rome
UPI
U.S. Viet Nam
Via Veneto
Via Bissolati
USA
S.S
America
Viet Nam
Italy
Socialist Party
Brancaccio Theater
The
House of Culture of
German Army Returns to Danish Soil
German troops entered Danish soil for the first time since World War II, greeted at the border by protesters led by a defrocked preacher who tried to block a truck. Police detained six of about twenty five demonstrators as West Germans prepared to join NATO maneuvers in Randers with British and Danish engineers.
MENTIONED IN THIS ARTICLE
Krusaa
Denmark
UPI
NATO
Randers
Harold Seebye
Petition Signed Against Nelson Era Restaurant Demolition
More than 500 romantically minded residents sign a petition opposing plans to demolish the England restaurant famed as Admiral Lord Nelson and Lady Hamilton's secret meeting place. The protest highlights preservation concerns tied to a historic romance and local history.
MENTIONED IN THIS ARTICLE
Deal
England
Spotty February Jobs Despite Construction and Factory Gains
The Labor Department reports February unemployment at 5 percent with 4.2 million jobless. Construction and manufacturing added positions while overall economy created about 1.5 million new jobs in the year, lifting the workforce to 69.5 million. Construction employment reached 2.7 million and manufacturing at 17.5 million, a peak since 1953.
MENTIONED IN THIS ARTICLE
Washington
UPI
Labor Department
U. S
Liz' father shows marked improvement after hemorrhage
Francis Taylor aged 65, Elizabeth Taylor's father, showed marked improvement in his fight for life after a cerebral hemorrhage. Cedars of Lebanon Hospital said the outlook was good though he remained on the critical list following a two hour exploratory operation and a difficult period with a bad condition.
MENTIONED IN THIS ARTICLE
Hollywood
UPIH
Francis Taylor
Elizabeth Taylor
Cedars of Lebanon Hospital
Taylor
Hot Money Helped Bring Down the Bank
UPI reports that over 20 million in certificates of deposit helped sink the 40 million San Francisco National Bank in January. The term hot money, used in Senate banking hearings, refers to large negotiable CDs with high interest.
MENTIONED IN THIS ARTICLE
Washington
UPI
San Francisco National Bank
Senate
Nelson Eddy in Good Condition After Hernia Operation
Baritone Nelson Eddy aged 63 is in great condition at Cedars of Lebanon Hospital after a hernia operation. A spokesman said he was up and walking soon after the Monday surgery and may be released to proceed home today.
MENTIONED IN THIS ARTICLE
Hollywood
UPI
Nelson Eddy
Cedars of Lebanon
Eddy
UPI Guild Reach New Two Year Contract Agreement
United Press International and the wire service unit of the American Newspaper Guild reached a new two year contract early Tuesday. The agreement sets wage scales for all newsmen photographers and reporters comparable to the AP deal and awaits union ratification. The old contract expired at midnight Monday and talks continued at the request of the mediation service.
MENTIONED IN THIS ARTICLE
New York
UPI
United Press International
Wire Service
American Newspaper Guild
Associated Press
Federal Mediation and Conciliation Service
Also Mentioned on This Page
Karl Mitchell
Alpena
Mich
Karl
Vegas
S.F. Bank
Ant
Comptroller’s Office
Antara
United Artists
Twentieth-Century Fox
Universal-International
Columbia
Paramount
Allied Artists
M-G-M
AMPA
Association
U.S. Viet
U.S
Communist Party Directorate
Giancarlo Pajetta
Chamber of Deputies
Aldo Moro
Levey Teuch
Yours
Bonanza
Bonanza Printers
Liz
United Auto Workers
Savings and Loan Associations
Pension Funds
Chicago
Bonanza Air Lines
Phoenix
Los Angeles
American Airlines
el Paso
Dallas
Texas
East
Pontiac
PAT Clark
Pontiac, Inc
Fremont
Las Vegas, Nev
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