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News in Frederick, Maryland

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This newspaper page contains 11 articles. Subscribers can read the full text of each article.

Newspaper

News

Location

Frederick, Maryland, United States of America

Date

Jan 04, 1974

Page

1

Vesco Tax Fight Seeks $8000000 From Vesco and One Wife

IRS seeks about 8000000 in back taxes penalties and interest from Robert Vesco and his wife in a tax case spanning 1971 1973. Tax records allege undeclared ICC related income and payments for private aircraft and expenses while Vesco argues unreported income remains unproven. The case ties to investigations in Bahamas and a New York conspiracy and obstruction case involving campaign contributions. Vesco resided in Nassau and Boonton New Jersey during the period.

Federa Veatu IRS INS Tre 3 Vescen Vesco International Controls Corp Investors Overseas Services Ltd ICC Wtech American National Bank & Trust Morristuen N J Vesco Peununer Vescos Boonton NX J

Laos Rice Surplus Sold as Aid Urgency Weighs In

Washington AP reports Lao peasants sell their bumper rice harvest after storing little for seed, then seek US emergency aid. AID says hundreds of thousands previously fed, now aid costs rise as policies urge self sufficiency while droughts and poverty press for relief. Kennedy criticizes refugee aid, officials hope for another bumper crop and conservation.

Washington United States Agency For International Development (Aid Laos U.S Edward M. Kennedy Massachusetts Kennedy

Penn Central President Resigns Amid Rail Reorganization

William H Moore steps down as Penn Central president and CEO effective last Wednesday, remaining as advisor. The resignation coincides with Nixon signing the Rail Reform Act, which merges six financially troubled railroads into a single government–financed system. A 120 day planning window follows with possible voluntary reorganizations or liquidation for each railroad.

Penn Central Philadelphia William H Moore Rasheed Moore Sac Nixon Northeast Midwest Tre Dges

Saxbe Sworn In as Attorney General After Senate Exit

Washington AP Nixon era appointee Saxbe takes office as attorney general promising independence from political pressure. He will oversee a reform minded DOJ after Richardson's resignation over Cox firing and a push to record official interactions with lobbyists and aides. About 300 attend the swearing in at the department's Great Hall.

Washington Witney Saube Ammun Senate Saxbe Hus Otvo State Supreme Cour Rutt M Duncan US Court of Military Appeals Oto Mendis Nixon Gerald R Ford Elliot L. Richardson Archibald Cox Richardson

New Spanish Government Emphasizing Law and Order

Madrid AP reports a new Spanish cabinet under Premier Carlos Arias Navarro leans right with many allied to Movement, denoting a shift toward law and order. Eleven ministers were replaced, interior duties shifted, and three civilian vice premiers named, signaling civilian control while Franco remains head of state.

Madrid Spain Carlos Arias Navarro Faange Francisco Franco Laureano Lopez Rodo Carrero Bianco Carrero Blanco Torcuato Fernandez Miranda Arias Navarro Antonio Barrera Licinio de la Fuente Arias Franco

Viet Foes Agree On POW Swap

Saigon reports both South Vietnam and the Viet Cong agreed in principle to resume civilian and military prisoner exchanges before the Tet holiday. Meetings of the Joint Military Commission in Saigon will iron out numbers and details, following a prior plan to swap 4 331 civilians and 3 military men for 252 civilians and 410 govern ment cadres, a deal stalled after only a portion was released. President Thieu reaffirmed support for elections and urged North Vietnam to halt attacks as talks continue.

Saigon South Vietnam Joint Military ‘Commission Aee Eee Cong Nguyen van Thieu North Vietnais Head South Veetmam

Kidnapping Charge Stuns North Las Vegas Babysitter Case

Federal kidnapping charges filed against 18 year old Sharon Banchereau for abducting 15 month old John while his mother Johnnie Lawrence, whose two other children survived earlier tragedies, seeks answers. Police say the babysitter and infant were last seen in Phoenix New Year’s Day as investigators follow leads toward Texas.

Las Vegas New Johnnie Lawrence Motha James Timothy John Glenn Lawrence Sharon Lee Banchereau Patrick Dingle North Las Vegas Miss Banchereau Phoenix Ariz Texas Banchereau John

Americans Pessimistic On Economy 1974 Forecast

Gallup poll shows 60 percent foresee economic difficulties in 1974 and 4 percent expect rising unemployment. A year earlier 47 percent doubted prosperity and 6 percent anticipated more unemployment as 1,550 adults nationwide were polled about whether 1974 would bring prosperity or economic trouble.

Americans Quizzed Over Arms Smuggling Ring

An investigation in London centers on American suspects linked to a smuggling ring involving arms and a Santa Barbara actress. Miss Thompson and three men face possible deportation amid pressures from Britain and calls for severe action to deter Arab reprisals.

Loadon AP Peice Seuer Ameren Taeda Aheat Arne Internaimeal Scotland Yard Allan Thompson Santa Barbara New York London

Fuel Shortage Forces Guard Pilots to Scramble Only

Air National Guard pilots defending the United States face a fuel pinch that curtails flying to direct scramble missions. They are barred from proficiency and instrument flying when not on runway alert, prompting officials to warn that reserve pilots’ skills and national security may suffer without relief. The issue centers on jet fuel diversions and reduced training across services, despite appeals to ease restrictions for air defense units.

Washington Air National Guard 4 Guard North American Air Defense Command T 19 Air Guard Continental Air Defense Schlesinger Federal Energy Office Pentagon Air Force Navy Marine Army Energy Office White House Guard

Breakup Begins on Queen Elizabeth Wreck in Hong Kong

Workers started dismantling the 83,000 ton liner Queen Elizabeth, destroyed by arson two years ago near Hong Kong harbor. Demolition is slated to last about three years after an official inquiry found fires started in multiple locations by unknown persons.

Hong Kong

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