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Arizona Republic from Phoenix, Arizona • Page 4

Publication:
Arizona Republici
Location:
Phoenix, Arizona
Issue Date:
Page:
4
Extracted Article Text (OCR)

EDITION! Page 4. -The Republic, Phoenix, Arizona. -Wednesday, January 26, 1955 r. Las Vegas Deluged By 'Gold Rush? After Removal Of Bugsy Siegel By BOB CONSIDIXE supervise the nightly count and must take the word of the oper- ators who, here and there, nev STOMACH ULCER PAIN MUST FADE AWAY or money back When excess stomach acid causes fiery, burning: nicer pains, indigestion, g-as. heartburn, etc, get fast relief with Udfra Tablets.

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LAS VEGAS (INS) In Las Vegas, after Bugsy Siegel was erased, came the gold rush. A deluge of Hollywood, black market and upper-crust tourists washed over his fabled spa, the muster. The Sahara, built by Del Webb, the co-owner of the New York Yankees, who built the Flamingo for Siegel, offered such lush living comfort that gamblers with financial investments in other establishments took permanent residence. The money behind the who now has extensive interests in steel, laundries, and other businesses, and his associates, advanced Clark about $1,300,000 to complete the Desert Inn and gained control. They have expanded their holdings considerably, including the building of a remarkable 18-hole golf course which has become the scene of one of the nation's biggest an were also that part of the financing came from Joseph (Doc) Stacher, described as one of the leaders of the old Third Ward mob in New Jersey.

Neither Kufferman nor Stacher could get a license to operate. Jake Freedman, congenial little gambler from Houston, was brought in and passed new owners toqk over they signed an agreement with Green-baum who seems to retain at least a rooting interest that they'd spend $2 million more in improvements to keep apace or ahead of ambitious other Strip attractions. The report from banking circles is that some of the new owners learned, with a shock, that Enjoy Republic Comics Sahara has puzzled many a local. nual tournaments. er won any awards for integrity.

SIEGEL had guessed right about Las Vegas, and it didn't take long for the word to get around. It was natural that he should be followed into the city and its environs by a wave of his peers and inferiors in the racket world. They had money to invest, and Las Vegas welcomed it in view of the fact that few top investment houses or insurance companies wished to take such a flyer. Many who followed Bugsy had taken the lead of Frank Costello and others and had transferred an old $2,500,000 Galveston bank With Dalitz in the operation! loan matures in September 1955, are Morris Kleinman and Thomas Jefferson McGinty, two other! flamingo, leaving in the receding tide estimated $4 million a year net profit. The word "estimated" i used becaused no one knows exactly how much the operators clear in at which time they must put it up or blow their investment.

They would like to borrow $4 gentlemen who grew rich by derworld money just as is the case with all but a handful of New York's swankiest restau-rents and night clubs, which are owned almost exclusively by retired rum runners and speakeasy operators who long since have contracted rejigion and won a respected place in the social, scene. In Las Vegas the delousing proc; ess continues. Morris Rosen, whose record is spread over 31 pages in the Ke-fauver reports, moved into Las Vegas to settle the affairs of Siegel. Rosen's son married one of Siegel's daughters, so he appeared in the role of foremost friend of the murdered murderer's family. The affairs were complicated.

As is usually the case in Las Vegas, Siegel had a bit of several clubs going for him, in addition to horse books and the Flamingo. Rosen, also known as "Doc Harris" and "Joe Stacci," found mysterious Joe Epstein, Virginia Hill's "banker," on hand with the books, and also Bugsys original front man in Las Vegas, much-arrested Moe Sedway. Rosen be slaking parched throats during prohibition, and former Cleveland i gamblers Sam Tucker, Ruby Ko-j lod, and Barney Rothkopf, alias: million for 10 years, and are said to be offering a $1 million bonus to anyone who'll take the chance and gamble on Las Vegas's future. The comparative ease with is for china Lourody, who refused to testify! their bootlegging, bookmaking before the Kefauver THE HANDSOME Sands hotel; Las Vegas. Nevada's 2 per cent bite on the Considine gross handle which off-course money flowed and other illicit earnings to legitimate businesses.

To these, Las Vegas looked like not only a sound investment but one that was built by Max Kufferman, into Las Vegas after the Flamingo showed the way can' be who described himself as a friend of Meyer Lansky for 25 years? i seen from a study of the financ throughout the state comes to less than $2 million a year. It accepts the money gratefully, being unable to get along without it. The state can't afford to offered some of the excitement of the bad qld days. ing of the Desert Inn, as brought Kufferman is head of a Califor-j nia loan company. Indications; And so the desert was made out when the Kefauver committee questioned Wilbur Clark, and Moe Dalitz at length.

to bloom additionally by the coming of Wilbur Clark's Desert CLARK, voted the best hotel- SIME Inn; the Thunderbird, now accused of being secretly controlled by Meyer and Jake Lansky; the gan looking for buyers for the Beautifully smart dlnnerware patterns bordered in sparkling platinum "continental" with grey and white feather border pattern "Platinum Sage" with sage green color band each a perfect complement to your Sands; and the Sahara. It con tinues to bloom. Flamingo. HE FOUND Sanford Adler and Charlie Resnick, who owned the El Rancho Hotel at the time; and such others as Gus Green-baum, overlord of the Capone- THERE WAS and remains in and-casino manager along the Strip, once ran the El Rancho Vegas before the postwar boom. He took his money and-plunged into the building of the Desert Inn but soon ran out of cash and credit.

He walked the streets of San Diego, where he once owned bars, and of L.A., where he numbers judges among his friends, looking for financing. most of these and other Las Vegas establishments a lot of un- LAWN sterling and crystal Expert Workmatnshln Finest Materials Sensible Prices service -rhlle yon wait by Frank at FAMILY SHOE SHOP 2338 E. McDowell (At 24th St.) Two weeks to live 17-page condensation from the $2.75 book "Yield to the Night" 'My name is Mary Hilton. Today the warden came to my cell and told me my appeal had failed: I've about two weeks to live February Reader's Digest brings you the gripping story of a woman who must hang for killing the girl who stole her lover. Get your February Read-er's Digest today: 41 articles of lasting interest, including the best from leading magazines current books, in condensed form.

Dalitz, former Cleveland rum czar and gambling house -operator New York syndicate race wire in Phoenix; Israel Alderman, also called "Little Auldie" by the FBI; Dave Berman, ex-convict who was one of Bugsy's trusted aides; and Jack Burke and Sam Diamond, California bookies. They bought the place for with a downpayment of approximately $500,000. In appreciation of what Sedway later 3 fJ? A Continental '1 5-pc. place setting 13.50 I ll Platinum Sage jj S'P- place- ett'n9 1 55 told Senator Kefauver was Ros-t See BILL STAUFFER For Your Money Heeds Get Your Cash In a Jiffy! LOANS Free Plana Estimates Terms Available ARIZONA IRRIGATION CO. Fhone AL J-7434 V' lit I I I I I tsO I In Phoenix these patterns available only at Clay Smith 25 s300 en aeai-maKing genius, xtosen was given a 10 per cent slice for nothing.

Today it would be worth $650,000. Adler was put in as manager, and representative of a group that owned 51 per cent. But the absence of Bugsy's strong hand was soon evident. Soon there were inflamed arguments among the partners, while the fancy customers serenely kept pouring in the money. Adler took his case to Carson City and won it, then punched Rosen in the face in a post-trial argument.

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The only thing that your friends could possibly no-is: .1 iL iL .1 would get Adler. Frightened, Ad in your hearing, and your entire sorvality. F.S.COLES 20 Years with "SONOTONE" A Nam Yob Can Trust 425 Title Trust Bldg. PHONE AL 3-4216 OOODOSTOOS) mmwmmmmmmmmmmmmmmmmmmmmmm ler drove all night to Beverly Hills, and told his story to Clinton H. Anderson, chief of police.

Then he sold out his share. Among those who had to be paid off were members of the New York syndicate who had bankrolled Siegel after the latter spent his entire fortune estimated at $1 million on the hotel and casino. These contributors were Meyer and Jake Lansky, Frank Costello, Frank Erickson, Lepke Buchalter (who sent Siegel West in the first place), and one or two others, probably Joe Adonis and possibly Lucky Luciano. There was some old Capone money in there, too. The third crop of Flamingo NO CHANGE OF PLANE owners has little apparent rela tionship to the first two groups.

It is headed by T. E. Hull, owner of a string of motels through the West. He is sometimes amtonio MMSTON known as the "man who maae motels moral." According to papers on file at Carson City, 29 others are among the Flamingo's new owners. These Dr.

Stanley Im- merman, prominent Los Angeles surgeon; Albert Parvin, responsible for the costly decorations of the Flamingo and other Strip spots; moving picture producer David W. (No Relation) siegei; and Ed Levinson, formerly part owner and casino manager of the Sands. 0 Fly the DC-6 ARROW Through Service, departing 5:05 p.m. Same same plane. the way far ervofjon, caff Alpine 21 72 1, er your travel agent.

CONTINENTAL MR UNE fa witS AMERICAN ARUNES Among the lesser holders of "points in corporation" as single percentages are known in the trade are George Raft, a close friend of the late Siegel, and Tony Martin, annually the star attraction of the Flamingo's flashing floor shows. THE NEW crowd in control paid $7 million for Bugsy's dream palace with, it is Understood, less thai $1 million down. When the SPECIAL 'EXPLORATORY" Your child deserves the OPPORTUNITY of a "try-out" musical experience. Try this NEW approach to LEARNING Piano. Look at the advantages: LESS EXPENSIVE Definitely more economical in every respect.

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