Banker and 3 Convicted of Million Fraud
New York December 2 Stephen Paine a prominent investment banker and three co defendants were convicted of mail fraud and conspiracy for looting three investment trusts of 1 000 000 The jury deliberated 32 hours before finding Paine guilty The co defendants S Leo Solomonit Thomas W Morris and Howard F Hansell were convicted seven hours earlier The four face lengthy sentences with Paine potentially 42 years and 50 000 in fines The others could receive 62 years and 34 000 each They allegedly looted Burco Inc and Insuranshares Delaware by buying control of the trusts using funds advanced by Paine and using the trusts securities to repay him Sentencing set for Tuesday before Judge John C Knox Paine resigned from Paine Webber & Company after suspension by the Stock Exchange Officials said the firm had no improper link to the case
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New York
Stephen Paine
Paine
S. Leo Solomonit
Thomas W. Morris
Boston
Howard F. Hansell
Ijr
Burco, Inc
Bond and Share Trading Corporation
Insuranshares Corporation of Delaware
John C. Knox
Paine, Webber & Company
Wall Street
The
Stock Exchange
U. S
John T. Cahill
Water Supply Adequate for Next 100 Days
Norwich under drought as Clarence Ames of the New York State Water Service Corp says the water supply remains sufficient for 100 days. Lake Chenango is 67 inches below normal with seven feet max draw, but 17 inches remains usable. Lower reservoir is full and no water restrictions are in place pending rain or snow.
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Norwich
Chenango County
Clarence F.ames
New York State Water Service Corporation
Chenango Lake
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A. A. Korves
Syracuse
New York Water Service Corporation
Aerotts Thorn
Gun Club Manager Admits Firing At Planes Near Santa Ana
Army planes were shot at by the Twenty Ranch Gun Club manager as they flew low over the Santa Ana area as G men investigated. Two planes suffered about 1000 dollars in damage and arrests were believed imminent.
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Army
Los Angeles
INS
United States Army
Swank
Twenty Ranch Gun Club
Santa Ana
G-men
Cun Club
Dismissal Sought in Newburgh Relief Fraud Case
Defense lawyers move to dismiss an indictment against John L. Sloan City and Town Welfare Superintendent over relief food order frauds. The case, part of a large Orange County inquiry yielding 104 indictments, halted as defense argues Sloan acted as Welfare Administration employee not subject to penal code section 1863. Jury excused until Tuesday for further hearings.
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Sloan
Newburgh
John L. Sloan
Orange County
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Welfare Administration
Tax Experts Analyze $100,000 Schenck Loan To Film Labor Leader
Government tax experts studied Federal Grand Jury testimony on the $100,000 loan from film producer Joseph Schenck to labor union leader Willie Bioff. Schenck and aides testified, with Bioff’s repayment reportedly completed. agents probe if the loan was a gift.
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Los Angeles
Joseph Schenck
Willie Bioff
Schenck
Ruth Nolander
Lou Anger
United Artist
Bioff
Joan
Trustee Sentenced in Camden School Funds Case
George Lichtenberger former Camden school district trustee was sentenced to two to four years in Attica Prison for misappropriating school funds in Utica.
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Utica
George Lichtenberger
Camden
Attica
Three Men Fined 500 for Tar and Feather Attack on Cassini
In Fauquier Circuit Court three prominent Northern Virginia men Ian Montgomery Colin Montgomery and Alexander Calvert were convicted of mob action and assault for the June tar and feather attack on Count Igor Cassini Washington columnist. Ian Montgomery paid 300 Colin 150 and Calvert 50 in fines.
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Warrenton
Virginia
Igor Cassini
Washington
Fauquier
Ian Montgomery
Colin Montgomery
Alexander Calvert
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Here
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Tan Montgomery
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Pantages Son Wins Divorce and Custody Battle
Rodney Pantages gains divorce from Beatrice V Pantages along with custody of Nanette and Alexander. Judge William S Baird awards him most community property and control of the children. Beatrice receives half of the home value and legal fees plus visitation rights when sober.
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Pantages
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Weather postcard shows widespread cold across central regions
A wirephoto highlights a sharp temperature drop across the Central and Northern Plains States and the Upper Mississippi Valley with notable chill spreading through extreme Northwestern areas and across the country.
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Plains States
Mississippi Valley
Weather disturbance shifts across northern plains and central lake region
A disturbance centered over the eastern Dakotas yesterday morning moved eastward and now covers the central Lake region with light to moderate precipitation. Another system from the far Northwest is advancing, centered to the northwest, bringing additional unsettled conditions.
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Dakotas
Lake
Syracuse Weather Outlook
Cloudy tonight and tomorrow with occasional light rain. Light winds and mild temperatures expected.
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Coker
Four Nimrods Nurse Wounds as They Fail to Bag Deer
Easton Pa December 2 Four nimrods set out for deer and failed. Frank Theosis missed two bucks Lawrence Randome broke his rifle William Wolbach startled by a skunk Russell Woodring spooked by an out of season bear. A 300 pound ball then broke loose and had to be pacified.
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Easton
Frank Theosis
Lawrence Randome
William Wolbach
Russell Woodring
Four Buffalo Jurors Remain in Jail After Bail Denied
In Buffalo, four jurors who acquitted James W. Higgins and six others are jailed after the Appellate Division denied bail. The panel, Milsom M. Bassett, Robert E. Whiteside, John J. Gorman, and John J. Pensky, faced contempt penalties and await a Thursday ruling on their appeal.
MENTIONED IN THIS ARTICLE
Bufffalo
Appellate Division
James W. Higgins
State Supreme Court
Albert Conway
Milsom M. Bassett
Robert E. Whiteside
John J. Gorman
John J. Pensky
Owner Loses Auto Injury Suit Toward Russian Samoyed
Boston reports that Sir Spudley Bennett, a Russian samoyed, failed to win damages after being hit by an auto on Oct 17, 1937. The suit was brought by his owner Lawrence Bennett against Dr Frederick Dodge, with the dog appearing as a witness but not aiding the claim.
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Boston
Sir Spudley Bennett
Sir Spudley
Lawrence Bennett
Frederick Dodge
Spudley
Chow
Joseph E. Donovan
Entries Close Jan 3 In Herald Journal Bowling Classic
With entries surpassing 1200, Herald-Journal officials set January 3 as the final deadline for the 1939 1940 bowling classic. The two final championship rolloffs will follow the main tournament. Top bowlers across leagues posted high games Friday night including W Harrell 663 and Pete Rose 619.
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Herald-Journal
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Aeiguae Vu
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P.A
Pete Rose
Bailey’s Alleys
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H. Walker
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Broadway
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Lamanna, Fiorist Q
Paddock Coat Co
Empire Towel Co
Moody Corrin
Joe Recruit Portrait From Army Draft Records
War Department outlines a composite picture of Private Joe Recruit, a 21 year old native of a small town with a high school education and some mechanical or clerical training. He weighs 145 pounds and has blue eyes and light brown hair, described as a superior fellow for the ranks.
MENTIONED IN THIS ARTICLE
Washington
War Department
Joe Recruit
J. Recruit
Window Cleaners In Buffalo Strike For Higher Pay
Buffalo window cleaners walk off duty seeking pay raises and safer hours. Union leadership says negotiations stalled after recent contract talks. Workers picketed outside multiple downtown firms, urging management to offer substantial wage increases.
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Buffalo
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