Page 1 of Dec 19 1968 Issue of Norwich Evening Sun in Norwich, New York

Norwich Evening Sun December 19, 1968 Page 1 old newspaper archives

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Norwich Evening Sun (Newspaper) - December 19, 1968, Norwich, New York The Eva vol. 78, no. 185thursday, december 19, 1968 n wich new York 13815 10c per copy no co. Will make cosmetics Hereth armaral Morton plan to merge by Joe Quinn As Norwich Pha Macal co. Today was looking to a special meeting of stockholders on a proposed merger with Morton International inc., the company closed out a transaction acquiring its second largest subsidiary. Lewis f. Bonham company president said that the acquisition of Jean do Albret of Paris and Genoa Italy number one cosmetic company in Europe gives Norwich a new operation second Only to its Teize company subsidiary in Greenville . A we look Forward to manufacturing All these High fashion cosmetics for . Sale in Norwich a or. Bonham said. Do Albrets Orlane line is imported to this coi try now he said and its Sale is limited to More exclusive department stores such As Saks fifth Avenue. He said that although Norwich plans to expand . Sale of the cosmetic line it is not planning a Broad Extension of its present outlets. He said that Norwich Pha Macal will continue to Market the products on a franchise basis. Regarding the proposed merger with Morton International world famous for its Salt slogan a it never Rains but it pours a he said Norwich made the initial move. Once combined Norwich and Morton would continue to operate As separate enterprises with the same management and boards of directors each presently has. Although or. Bonham said he would probably be spending a great Deal of time in Chicago As president of the merged firm should the plan be approved he said that he would continue to Chicago based firm has seven operating arms by Casey Jones although the primary involvement of Morton International inc. Is still Salt stockholders of the Morton Salt company voted three years ago to change its name to reflect broadened markets and product lines. The midwestern firm with main offices in Chicago 111., began 120 years ago As a Salt sales company. Since that time it has expanded into seven divisions with plants in the United states can Ada England and the Bahamas. Trading is about usual some 5,500 shares of Norwich Pha Macal company Stock had been traded at noon today a Little More than Normal authorities said. It opened at 45 3/4, climbed to 40 1/2, dipped to 45 1/4 and was at 40 about noon. Morton Stock is a a unavailable according to officials at . Bunt and company in Norwich. There have been no requests today for it. Authorities said tile company cannot be found in Over the counter trading and is not listed on any Exchange. Although tile news of tile proposed merger has been released authorities indicate that most interested persons Haven to yet been informed of the action or Haven to been Able to get enough formation about its ramifications. There Are also sales offices which extend into South America and Europe. Company officials note that operational facilities and Sites Are regarded As a adequate for current and reasonably projected near term requirements for internal they explain there Are unlimited solar Salt brine reserves and Salt reserves at mine and refinery locations provide at least a 60-year Reserve at All . Plants and at least 50 years at All Canadian locations at present production rates. On a consolidated basis the company maintains More than three dozen sales offices some five dozen owned or leased warehouses and a similar number of ice control Rock Salt stockpiles on the continent. It has some 6,300 employees with about to per cent of them being sales personnel. Divisions of the company include a Morton Salt company the principal division of the firm manufacturers House hold Salt in different types of containers. It also packages Safe to Salt product for portable ice boxes heat Relief tablets and meat seasonings. It is the leading producer and marketer of Salt and is one of weather Snow sleet or freezing rain this afternoon Chang my too Cas tonal rain tonight and end. Ing except for occasional showers Friday morning. High today in upper 20s and 30s, with Little change tonight and Friday. Only two Salt companies now producing extremely Fine Salt used in the preparation of dyestuffs and pigments and in the manufacture of new a a breathable plastics. The firm also has interests in Salt for recharging water conditioners. A Morton chemical company was established in 1958 As a separate division after becoming More and More involved in the use of Salt with other minerals. It has now gone into inorganic chemicals and now produces Salt cakes for use in making Kraft paper. A co product of the production is hydrochloric acid which is converted into a raw material for further conversion in a plastic product. Morton industries of Canada Ltd. Is the country s equivalent of the Morton Salt company and is the leading Salt producer there. Subsidiaries of the company furnish Large quantities of brine and another subsidiary markets a variety of chemical products. A Morton International limited manages All non Domestic activities except those in Canada and those of the Simoniz company. In Europe it manufactures polymer based packaging in the Bahama islands Industrial and ice control ice is produced in Mexico agricultural chemicals and related products Are marketed in Peru a company produces chlorine and caustic soda in Brazil the firm has invested in a company producing chlorine caustic and in puerto Rico and Ecuador production and distribution of Salt products is being planned or is already taking place. A Morton Quality products was formed in 19c5 to concentrate solely on production and Sale of Small individual packages of seasonings sauces and condiments. A Simoniz company produces floor car and other waxes in toe United states Europe Africa Australia and Canada. The company was originally formed in 1911 in Chicago and has been purchased by Morton International inc. In the fiscal year ending june 20, 1968, the Parent firms sales volume totalled $153,073,382, a 6.7 percent hike Over the preceding 12 months. Earnings were at a record $8,034,860, an increase of 9.7 percent Over the previous year. Per share earnings Rose from $4.19 to $4.58. Last december the company acquired the outstanding shares of Williams Hounslow Ltd. A european manufacturer of dyestuffs. Proposed consolidation with International minerals and chemical corporation approved by both companies in june was terminated less than 18 hours before the scheduled filing of consolidation papers when the . Justice department prepared to file injunction proceedings. Dividends last year amounted to $1.40 per share becoming the 59th consecutive year for such payments. Company officials had said they expected dividends would increase to $1.85 per share during this fiscal year. Have his office and Home in Norwich. He said that the two companies would probably conduct special meetings of stockholders within the next to weeks enabling both organizations to spell out details of the transaction and draw up Proxie statements. Under the proposed merger agreement Norwich Pha Macal would have five on the Board of directors Morton four. Norwich stockholders would own twice As Many shares in the combined company As would Morton stockholders. A we made the approach. We re dedicated to continued growth of the company both by our a in House operations and by acquis in the last five years or. Bonham said Norwich has acquired the chlo aseptic comp Ransom try is muffed Miami Fla. Apr police accidentally broke up an attempt to Ransom kidnapped coed Barbara Jane Mackle today when they stumbled on two men who had fished a suitcase stuffed with an estimated $500,000 out of Biscayne Bay. Unaware that the girls father Home building millionaire Robert Mackle had placed the Money in the Bay upon instructions from the kidnappers the officers chased the men they saw emerge from a Jungle area adjoining the water. But the men one described As Stocky and about 40 years old with dark hair and the other As handsome and 25, dropped the suitcase full of Money and fled. The officers one a Dade county Deputy and the other a Mann policeman exchanged shots with one of the men who they said was armed with a carbine. Authorities later said Mackle personally placed the suitcase in the Bay just before Dawn. The men made the pickup just Yards from a causeway leading to key Biscayne in a Small Motorboat stolen several hours earlier. Authorities denied rumours that Barbara had been returned to her family. Asked about the Rumor act ing police chief Charles Price said a we certainly make any statement right now because a girls life is still in Mackle who made a Fortune As a Florida land Developer said shortly after the Money was found that his daughter had not been released. Barbara was kidnapped from an Atlanta Motel room Early tuesday. Mackle through Fred Froh Bose chief of the Miami Fri issued a statement saying he wanted the kidnappers to know he had nothing to do with the recovery. Frohbose said Mackle a will do anything the kidnappers say to obtain the release of Barbara Jane 20. Fred Fox assistant special agent in charge of the Miami Fri office said that Cash banded in $1,000 packets was dumped before Dawn into the Bay where two men waited in a Small boat. One of the men wearing a ski diving suit recovered the Money from the water. Then the 12-foot outboard boat with the name a whaler a painted on it put ashore in an expensive residential area just South of downtown Miami. Two Days earlier Barbara was taken away wearing a red and White Nightgown by a Man with a Shotgun and a Young boy. The Emory College student was staying in a Motel with her Mother before returning to their Coral Gables Florida Home for Christmas vacation. Barbaraus father is Secretary treasurer of Deltona corporation a $65 million Home building and land development firm in Miami. At about six am., Dade county Deputy sheriff Paul s. Self and Miami policeman William Sweeney were sitting in their cars talking near the Bricken Avenue area. A i saw this car that just did no to belong there a self said. Any Maine biological laboratories Ingraham laboratories of Mexico the Teize company tile american franchise for Lubirl perfumes and now do Albret or Lane. He said the company had been working on the acquisition of do Albret since last april. A a we re expanding in areas where our skills apply a he said and our thinking is that we will continue this in die combination of Norwich and Morton. The proposed merger with Morton International was a tightly kept secret. A even the directors did no to know about it until we met yesterday a or. Bonham explained noting the strict rules of the Security and Exchange commission. Tile proposed name for the combined company is Morton Norwich products inc. Directors of the Norwich Pha Macal company and Portem International inc. Approved in principle the concept of combining Hie two corporations wednesday. Tile boards meeting simultaneously in Norwich and Chicago authorized negotiations looking toward the creation of a combined company to be known As Morton Norwich products inc. Norwich my Portem would each continue to tie operated As separate enterprises under their existing operating management. Tile combined company will be headquartered in Chicago. Subject to such adjustments As May be negotiated after the transaction Morton stockholders would receive 1.15 shares of common Stock of the combined company for each i share of Morton common they own. Norwich common stockholders would continue to hold one share in the combined Enterprise for each share of Norwich Stock. No other classes of Stock Are outstanding. At this rate based on present outstanding shares Norwich stockholders would own 8,257,000 shares of Morton Norwich products inc. And Morton stockholders would own 4,110,148. Norwich had sales of $114.8 million and earnings of $12.9 million or $1.57 per share of common Stock in the year ending december 31, 1967. Sales at Morton International totalled $153 million and earnings were $8 million or $4.58 per common share for the fiscal year ended june 30, 1968. As a result of a two for one Stock split effective november 25, 1968, earnings would have amounted to $2.29 per share Norwich is paying a Cash dividend at the rate of 80 cents per share in the current year compared to 67 1/2 cents per share paid in 1967. The company has paid a Cash dividend each year since 1925 and has increased the dividend rate in each of the past five years. Morton has been paying a Cash dividend this fiscal year at the rate of $1.85 per common share As compared with $1.40 per common share in recent years. As a result of the aforementioned two for one Stock split the current dividend rate As adjusted would be 92 1/2 cents per share the company has paid a Cash dividend each year since 1910. Common Stock of the Norwich Pha Macal company is Trad Continua a on Pogo 3 . Tells Hanoi attack on Saigon could ruin talks Paris apr the United states has told North Vietnam that a Viet Cong attack on Saigon could bar serious peace talks and cause a resumption of the bombing of the North the North vietnamese said today. The North vietnamese informants reported this after a secret session with . Negotiators apparently failed to it by it a the Long deadlock Over b w to Start an expanded conference on ending the War. Americans Cyrus r. Vance and Hanoi Sha Van Lau traded charges and repeated their past rival proposals for Loafer enc table shape designs and other procedural items still in dispute the North vietnamese said. Diplomats in close touch with developments agreed that the two Deputy chiefs of their delegations had made no Progress at their session the first since last Friday. The no Progress outcome of the private session the fifth Between the two conference procedures left in doubt when there might be an opening of the conference that president Johnson once announced would begin nov 6. Johnson a nov. I order to Stop , bombing of North Vietnam was part of a package arrangement supposed to Lead to an exuded peace Parley but the rival diplomats have yet to agree on procedures. A North vietnamese co Tamu Nique said Vance called today s session and that he repeats a old american propositions concerning the conference table the order of speakers according to the . Conception of the conference As a at the same time a the Hanoi delegation statement continued a emr. Vance said there was information that a the army i forces of the South vietnamese National liberation front Tho Viet Cong Are preparing to Ai tack Vance a declared that of this happens a it would create a situation such that it would lie impossible to carry on serious talks and to Continua tin halt in bombing of North Vietnam a the North vietnamese said. Cambodia plans release of 12 american soldiers stepping out in her formal Bow at International Deb Urante Ball december 1966, Julie was escorted by David while her parents watched from Balcony of Waldorf in new York City. Couple will draw world attention sunday when they will be married in new York City. Wedding guest list top secret new York apr when Julie Nixon and David Eisenhower said they wanted their wedding sunday to be a private affair they really meant it. The guest list for the marriage of the daughter of the president elect to the grandson of the former president is still a secret although it has been Learned there Are few politic a1 or Public figures included. Information about Julie a wedding gown her attendants dresses the single ring ceremony at Marble collegiate Church and the reception at the Plaza hotel will not be released until the last minute. And there will be no news Cov Erugie allowed either of the ceremony or the reception. A Julie said she did not want anyone watching that wedding who was not a personal Friend or someone she know-.,�?� mrs. Gerry Van Der Heuvel Julie smother a press aide said thursday. Mrs. Van Der Heuvel did give out a few tide its including the fact that the ceremony will be broadcast via Closi a circuit television to former president Dwight a Eisenhower who is in Walter Reed army Hospital recuperating from a series of heart attacks Saigon apr Cambodia announced today that it is releasing 12 american soldiers captured in tile past year and the Viet Cong offered to free three . Troops it holds and possibly More. Prince Norodom Sihanouk the caulk Milan chief of state told a news conference in phenom penh he was freeing la american soldiers and a South vietnamese captured last july when their River boat strayed into cambodian Waters and an american helicopter crewman captured last month. A Viet Cong spokesman in Paris said the three soldiers it is offering to release Are Thorn As Nelson Jones Donald a Smith and James w. Brigham. He gave no Home addresses or other information. The australian embassy in phenom penh which represents the . Government in Cambodia said it expected that the 12 americans being freed there would be flown by commercial Airliner to Bangkok Friday. The . And South vietnamese commands in Saigon announced meanwhile that american South vietnamese and enemy casualties All in creased last week although no major sustained ground fighting reported. The . Command also reported four Sharp Skir meshes wednesday in which it said american forces killed 131 enemy troops. Prince Norodom Sihanouk the cambodian chief of state told a news conf Amice in phenom penh he a a releasing his prisoners so they can spend Christmas with their families. Sihanouk called another news conference two hours later to announce he had received a a a cordial message from presi. Dent Johnson. He said the president told him the release of the prisoners would contribute to an improvement in relations Between their two countries. Johnson also assured him of a the continuing Friendship of the american people for Cambodia and its people a Sihanouk said. Although both the United states and South Vietnam have repeatedly refused to recognize the Muf calling it an outlaw group and a tool of communist North Vietnam four shot to death As Man goes berserk Carlinville 111. A a father of to children opened fire on a welfare Agency Christmas party for his family wednesday police said killing four persons including his estranged wife arid wounding four of his children. He then fled shot himself and died hours later. Authorities said Sherman Kline 38, pulled out two pistols while gifts were being opened in the offices of tile Illinois department of child and family services and began firing. Killed were the wife i a Raine 33 two social works Frank Wildgrube 24, and Bon rile Albracht 23, both of Carlinville and a receptionist Ann inaugural Parade route Bird proof Keppler 25, of Benld Iii. Two of the children Michael 14, and Diane 8, were in critical condition in a Springfield Hospital while the other two wounded youngsters Gene 13 and Judy to were in serious condition in a Carlinville Hospital. After the shooting Kline drove some 60 Miles to the Home of a brother near of Fallon mo., where the brother said he admitted the shootings but refused to give himself up. Today a chuckle the trouble with being punctual is that people think you have nothing More important to do. Wilmette 111. Apr Joe Fink the Unsung hero of four presidential inaugurations has completed his vital part in preparations for the next one. So that president elect Nixon and his entourage wont need umbrellas Jan. 20, Fink has Bird proofed the inaugural Parade route Between the White House and the Capitol. A otherwise the starlings would cause the dignitaries to lose some of their dignity a observed Fink 63, of Wilmette in an interview. He and eight workers spent 12 Days spraying the too Trees along Pennsylvania Avenue with 2,000 Gay ions of a chemical he invented 22 years ago and produces at his National Bird control Laboratory. A ifs a no poisonous chemical which deters Birds from Landing a said Fink. It irritates their feet. His $10,000 contract with the inaugural committee Guaran tees to keep starlings away from Pennsylvania Avenue for at least four months. Until Fink Carne to the Rescue the Birds used to disturb inauguration festivities and Parade participants. A thousands upon thousands of Birds attended those parades a Fink said. A you could t see the sky for them. Trees along the route were littered with spectators in stands under the Trees had to raise umbrellas tor Protection he said. A then in 1953 the department of Parks asked us for a demonstration a Fink recalled a a they a tried everything but nothing worked. Nobody thought we d work either. But the next Day every tree around was Cov ered with Birds except those Trees wed treated. And the next Day we got the assignment tor president Eisenhower a this inauguration will be the first one for which Fink will be on hand to observe the results of his Handiwork. A a in a holding final inspection Jan. To so i think ill stick around for it a he said. Shopping Days til Christmas Lewis f. Bonham

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