ICC Agency Says Penn RR Confused
The ICC Bureau of Enforcement says Penn Central management dissipated assets creating chaos after the 1968 merger with New York Central. The 1,760 page report notes traffic routing through undersized yards, rising unsettled accounts from 491 million in 1968 to 100 million in 1970, and large write downs including 17 million unrecoverable from Executive Jet Aviation and a 90 million stake in Great Southwest Corporation. Equity fell from 157 million to 24 million by December 1970.
MENTIONED IN THIS ARTICLE
the & S
Penn Central
Great Southwest Corporation
Stamp Folders for Collectors Offer Limited Supply
Postmaster Walter B Davis Jr announced limited stock of 1971 Com memorative Stamp Folders and Mini Albums. Each kit includes 24 commemorative stamps and a descriptive mini album to encourage youth stamp collecting, priced at 2.50 dollars. The dealer expects annual mini albums to be issued for young collectors.
MENTIONED IN THIS ARTICLE
Walter B. Davis Jr
Oeal
Leach
Davis
State National Bank To Close Across All 40 Offices
State National Bank will close all 40 offices and its computer center on Christmas Day December 25 and New Year’s Day January 1, reopening the following Monday. President Benjamin Blackford urged customers to finish pre weekend banking before Friday closings. Banks stay open 8 p.m. on Dec 24 and Dec 31. night depositary and bank by talk services remain available.
MENTIONED IN THIS ARTICLE
The
State National Bank
Benjamin Blackford
Blackford
Obituaries James E B Tierney and Rolland Ives Tuttle
James E B Tierney formerly of Naugatuck died at his home in Reeseville New York He was born in Larchmont New York and was a US Air Force veteran He had lived in Naugatuck for 15 years Nancy Chittalone Tierney of Keeseville is survived by two sons and two brothers The funeral details were announced Nearby Rolland Ives Tuttle 289 husband of the late Dustine Pearson Tuttle of Wallingford died at Meriden-Wallingford Hospital He was born December 2 1882 and served in Cuba in 1908 He leaves two daughters a son and several relatives Burial is planned in Wallingford with services at B C Bailey Funeral Home The notices also list memorial gifts to the American Cancer Society and a church fund
MENTIONED IN THIS ARTICLE
James F. Tierney
Reeseville
N.Y
James EB. Tierney
Naugatuck
Larchmont
Austin and
Grace (Fleming) Tierney
US Air Force
Nancy (Chittalone) Tierney
Keeseville
James
Patrick Tierney
John ‘Nerney
Prospect
Austin ‘Nerney
Bethlehem
John Botelle
Hickcox Funeral Home
Main St
Watertown
Church of the Nativity
Rolland
Rolland Ives Tuttle
Dustine Pearson Tuttle
North Main St
Wallingford
Meriden-Wallingford
Sterling B
Amelia
Edell) Tuttle
National Rural Letter Carriers Association
First Congregational Church
Retired Peoples Club
Retired Peoples Bowlers
Wallingford Rod and Guo Club
Naugatuck Veterans of Foreign Wars
Crusader Post
US Army
Cuba
Charles Hurlburt
Robert Slater
Arthur L. Tuttle
Fort Lauderdale
Pla
Daisy Sloal
New Mexico
Roy Disney Fecteau Movie Mogul Dies At 78
Roy Disney longtime Disney executive and brother of Walt Disney died at 11 45 p m PST at St Joseph s Hospital in Burbank California He was 78 The cause was a cerebral hemorrhage He helped guide the Disney empire after Walt s 1966 death and backed the $200 million Disney World project in Orlando Florida
MENTIONED IN THIS ARTICLE
Burbank
Calif
Walt
Roy
Hollywood
Disney Studios
Mickey Mouse Club
Disneyland” Park
Anaheim
Disney World
Orlando
Fla
Mineral King
California
Sierra
Roy Disney
Disney Corporation
Disney
Disney Brothers
Elias Disney
Chicago
Marceline
Kansas City
Roy Edward Disney
Corporations’ Board of Directors
Property tax reform hearing opens in Hartford
In Hartford the General Assembly Finance Committee holds a public hearing on municipal property tax reform with Trumbull First Selectman Clarence F Heimann and Newington Mayor Elmer A Mortensen among witnesses. They urge relief as CT cities face heavy reliance on the property levy for revenue despite New Hampshire as a similar benchmark.
MENTIONED IN THIS ARTICLE
Hartford
Sesson
Newington
Elmer A. Mortensen
Repubiican
Mortensen
General Assembly
Connecticut
New Hampshire
Chevalier Faces Mounting Health Crisis in Paris
83 year old French entertainer Maurice Chevalier remains in a serious condition at Necker Hospital after a kidney ailment. A medical bulletin noted the artificial kidney was used as scheduled and the patient is stationary but worrisome. Friends and doctors cite gravity of his illness while his secretary reports maintained morale.
MENTIONED IN THIS ARTICLE
Paris
VPS
Maurice Chevalier
Necker Hospital
Chevalier
Felix Paquet
Also Mentioned on This Page
ICC
Penn RR
Perugini
Cherry Street
Joe Freeman
Dartec
Nangy
TOYS
Enfield
Conn
UPI
Russell E. Camp
Somers State
Rosenblatts
Maple St
Pegnoir
Santa
Rosenblatt
Rae
Fecteau Movie
Yule
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George T. Reed
John N. Mitchell
Abraham A. Ribicoff
Lowell P. Weicker Jr
Timbers
Capaldo
Federal
Atlanta
Ursini
Leavenworth
Kan
Phnom Penh
Lon Nol
Tam
Constituent Assembly
Saigon
Lynn
Mase
Richard Fecteau
Margaret Fecteau
Fecteau
Valley
Forge Army Hospital
Phoenixville
John Tyler
Thor Couhts
Frank Buick
An Het
Hitchcock
Boston
Hoover
Carlson’s