The Pensacola News from Pensacola, Florida • 1

1 1M McGovern vows hard campaign for Dixie votes i 3 fh AMcmlcrofthe Gannett Croup 83rd Year, No. 128 4 Sections Pensacola, Wednesday Afternoon, June 28, 1972 40 Pages 15 Cents Bombers open the way Nv if A 4 4 'l 6 lit i inmfi miii'iiH i im 1 i nn" im i iiii it I oca Control corporations? M7l RUSSIA DECORATES CASTRO Nikqlai V. Podgomy, left, president cf the Supreme Soviet Presidium, pins the Order of Lenin on Cuba's Premier Fidel Castro Tuesday. The dscoration was awarded at a ceremony in the Kremlin. (Pentacoli News-A WlrepKoto) ATLANTA, Ga.

(AP) -Sen. George McGovern, attaching negative motives to the Nixon administration's so-called Southern strategy, has committed himself to "doing major political battle with the President for the hearts and votes of Dixie residents. The South Dakota lawmaker, who is favored to capture the Democratic presidential nomination next month, shrugged off predictions the South will easily go Republican this year, and he promised Tuesday he would campaign hard in the region. Newspaper writers and politicians "who keep claiming I don't have any chance" in the South against Nixon "may be in for one of the biggest sur-prises of their lives," McGovern told a Little Rock, rally. "If there's anyone under the impression that we're going to write off the South, or any other part of the country, forget it," he later told a meeting of Arkansas Democratic convention delegates.

"We're going to come into every state in the Union, especially in the South." "I want to offer something other than the Nixon strategy," he said during the campaign day that took him from San Antonio, to Little Rock, where approximately 4 0 0 0 newsmen's estimatescheered him. The Nixon strategy, he said, is "a divisive one, one that appeals to the Old South, to the worst instincts in all of us." McGovern said several times during the day he thinks the South would benefit more than any other region by his populistic tax reform proposals and his plan to end the Vietnam war within 90 days of his inauguration. The South, he said, has suffered a disproportionate number of casualties in the war. He admitted, however, that his support of school busing to achieve racial desegregation could hurt him in the region, but, speaking to the Arkansas Turn to McGOVERN Page 3A raw ft LONDON The slightly in early dealings exchange rrarket today. $2.4950 compared with close of $2.50 and a later pound sterling dipped on the London foreign First quotes put it at Tuesday night's London rate of $2.5150.

WASHINGTON (AP) Sen. Lee Mctcalf said today that some of the nation's largest banks hold huge hidden blocks of stock perhaps even controlling interest in many of the biggest U.S. corporations. But these banks are difficult to identify, he said, because on stockholder lists they almost always appear under corporate pseudonyms for which translations are not readily available. For example, Chase Manhattan Bank is rarely identified on stockholder lists.

Instead, it appears under one of its 24 street names, a list that includes Clint. Cudd, Egger, Gooss, Gunn, Kane and Ring. Metcalf, a Montana Democrat and a member of the Senate Government Operations Committee, made his remarks in a speech prepared for de- livery to the Senate. The use of street names by large institutional investors leads to problems, Metcalf said, particularly in industries required by law to make public the names of large shareholders in annual reports to federal regulatory agencies. For example, the Civil Aero World bids for RENO, Nev.

Baltimore Colts quarterback John Unitas (right) was married 45 minutes after divorcing his wife of 18 years, according to the football star's attorney. Louis Wiener, a Las Vegas lawyer, reported Tuesday that Unitas married 28-year-old Sandra Louice Lemon of Miami on Monday at Washoe County Courthouse. The 39-ycar-old Unitas and his first wife, Dorothy, were married in Ohio in 1954, Wiener added. The attorney said they had been separated for two years. I A he understands that 5 per crnt can constitute controlling interest if other votes are scattered.

Metcalf said he would introduce later this year a "corporate ownership report act" which would require companies to disclose the true identity of those interests which have voting control over large amounts of stock. Metcalf said also he found bank domination in the broadcasting and electric-utility industries. "A survey of 19 banks showed that among them individual banks controlled more than 1 per cent of the stock of 25 broadcast companies, more than 3 per cent of the stock of 15 companies, more than 5 per cent of the stock of nine companies," Mctcalf said. "And one 'bankcastcr' had more than 10 per cent of the stock in a station." He did not identify any of the companies. Among his findings on bank-holdings among electric utili ties: Chase Manhattan, using four street names, is among the top 10 stockholders of 42 utilities.

maich chess SAN DIEGO Gov. Ronald Reagan says he is not interested in a cabinet post or in becoming an ambassador but hasn't ruled out running for the U.S. Senate in 1974. TOKYO North Vietnam reported today that Air Force Capt. Richard Logan Francais was captured sfter his plane was shot down over Hanoi Tuesday morning.

The Vietnam News Agency said in a broadcast that his serial number was 448-40-9765 ard he was born on April 6, 1943. It did not give his home town but said he told newsmen his wife's name is Betty and they have two sons, Gavin, 6, and Ryan, 1. PARTLY CLOUDY and warm today through Thursday night. High both days 93 with low tonight 78. Tuesday's high 91, low 79.

More weather on Page 2A. SAIGON (AP) The South Vietnamese government today launched its first attempt to recapture Quang Tri Province. More than 10,000 marines and paratroopers crossed the My Chanh River along a 10-mile front stretching from the South China Sea to the jungled foothills west of Highway 1. U.S.B52bombers dropped some 1,350 tons of explosives to open the way for the push. Tanks, artillery.

U.S. gunfire from ships offshore and American fighter-bombers supported the advancing troops. There were no immediate reports on the extent of North Vietnamese resistance or of casualties. Since the North Vietnamese completed their conquest of Quang Tri, South Vietnam' northernmost province, on May 1, the South Vietnamese have made a number of in-and-out sweeps into the Communist held territory along the coast. But the drive today was the first large-scale attempt to carry out President Nguyen Van Thieu's orders on June 19 to retake all territory captured by Hanoi's forces in the offensive that began March 30.

The North Vietnamese have elements of four divisions in Quang Tri, supported by tanks and long range 130mm guns that were a decisive factor in the capture of the province. They have repeatedly shelled the South Vietnamese defense line along the My Chanh River and have made a number of stabs at the line with tanks and infantrymen, but the South Vietnamese and their American air support have driven the Communists back and claimed to have inflicted heavy losses on them. News Index Amusements 8A Billy Graham 4C Bridge 12-A Classified 8-13C Comics 4C Crossword 4C Deaths 13A Editorials 4A Fred Brown 2A Horoscope 4C People 1-4B Service Column 12A Sports 1-3C Television 12A To Your Health 8A i. Fischer-Spassky stirs interest in nautics Board requires airlines to disclose stockholders with 5 per cent or greater in tercst. "Reports filed with the CAB by airlines state that, as of the end of last year, Chase Manhattan held 6.5 per cent of the stock in TWA, 9 per cent of the stock in Eastern, 8.4 per cent of the stock in National and 7.5 per cent of the stock in American," Mctcalf said.

But, he added, no Chase Manhattan holdings were listed by three other airlines, Northwest, United and Western. "Nevertheless, Chase Manhattan holds more than 6 per cent of the common stock in each of those three airlines, according to letters 1 received recently from those companies," he said. "The bank holds the stock through two or more nominees in each instance." The Securities and Exchange Commission says that generally an interest can exercise effective control of a corporation by holding as little as 10 per cent of the corporation's stock. Metcalf said coverage I The games fpf.rtshall, Tl.c match will tickets will cost rcheduled games. Of the $200,000 npid in prizes Fischer, 29, He 60 per cent Turn Morgan Guaranty Trust, using 13 nominees, appears among the top 10 of 41 utilities.

Manufacturers Hanover Trust, under five nominee names, appears among the top 10 stockholders of 31 utilities. First National City Bank of New York, using eight nominees, appears among the top 10 of 29 utilities. State Street Bank and Trust, Boston, using eight street names, appears among the top 10 of 21 utilities. Bankers Trust of New York, using eight nominees, is among the top 10 stockholders of 20 utilities. One company appearing frequently high up in corporate stockholder lists is Cede and a for the Stock Clearing a wholly-owned subsidiary of the New York Stock Exchange.

The corporation is used to hold frequently traded stock certificates. The New York Stock Exchange denies that it votes the millions of shares listed in the name of Cede and Co. Attorney Thornton is killed Pensacola attorney Ransom Haygood Thornton, 30, of Gulf Breeze Cottages, Gulf Breeze, was pronounced dead on arrival late Tuesday at Sacred Heart Hospital, following a swimming accident in Santa Rosa Sound near his home, according to Gulf Rreeze Police Chief Gerald Rich. Thornton, an attorney and a member of the Pensacola law firm Hipsh and Thornton, was a native of Haleyville, and was a member of the Alabama and Florida Bars, the Turn to ATTORNEY Page 3A Vf -ij NEW YORK (AP) Promotional aspects of the Fischer-Spassky world championship d.ess match are becoming as important as they are in any big league sport. Chess matches are not usually world happenings.

But with the keen interest sparked by American Bobby Fischer challenging Russian Boris Spassky for the world title, it's a different situation. The Icelandic Chess Federation has put up rinse to $200,000 for the 24-game match, to be held for two months in Reykjavik, Iceland, cterting July 2. will be played in the Reykjavik which seats about 3,000 people. be open to the public, and $5 a game or $75 for the 24 put up, some $125,000 will be to the players, according to the and Spassky, 35, will also di- of the income from films and to FISCHER-Pcse 3A Good evening 3 more arrested in drug assault Escambia County Sheriffs narcotics investigators Tuesday reported the apprehension of three more suspects in the massive drug crackdown begun late last week. Those arrested according to Sgt.

Marco White, were Herbert Deward Cotton, 20, 8120 Excelsior Drive, on charges of being a principal in the first degree to posesslon of mari-jauna and principle in the first degree to the sale of marijauna; Arthur Stone, 25, 1617 N. Haynes, on charges of possession and sale of heroin; one male juvenile was also arrested on charges of possession and sale of dangerous drugs. Bond for the adults was set at $10,000 each. The arrests brought the o-tal number arrested to 38. In all, 6a warrants for arrest were issued.

The crackdown was the culmination of six months of intensive work by the narcotic? bureaus of the Sheriff's Department and the Pensacola Police Department. If fi if -P I P- Ay CASH: Lt. Gov. Jere Beasley of Alabama started a George Wallace Medical Expense Fund and it's already getting cash for the hospital expenses of the wounded Alabama vT-k Alabama banks began accepting donations which will he used to help meet the mounting hospital, medical and other related expensesWallace has two medical insurance policies according to The Birmingham is v.i'h a national insurance company, the other is major with Blue Cross-Blue pays for one out of his his intensive care stay. The room costs about $200 a day, the room he occupies now is $32 per governor still gets his salary but otherwise there are no expense being paid in Maryland except for the per diem expenses of his six bodyguards.

COACHES: Vanderbilt coaches will be in town Friday and former Vandy football star Mickey Lakos will be conferring with the coaches and entertaining them. i -i .11. Wl. TONIGHT: P.irrnts Against Drugs and Project Catch a Pusher will enmfcine their meetings tonight at 7:30 p.m. at the Police Acpdcrr.y on West Leonard are looking for new members, suggestions and criticisms of their interest in eliminating during drug pushers in the area.

ji 4 PEOPLE. Escambia County manager Lee'Gressman was cgtisht in the Warhlngton floods and said he had a rough time porting out of the area. worse, than people Gresmsn commented. C. L.

Jernlgan who's working on hii ma ster's degree at Auburn, is in Hot Springs. Ark. to give a paper at a rcninar of American Society of Agriculture Engineers. mother, Mrs. Ruby Jernlgan, went along.

veeds and grass grow in the cracks of the concrete and on the curb while sides of build Ins are obscured by plants and wild shrubs. in the gutters (above) and weeds sprouting unchecked on the sides of the streets (at right) are only part of the unkempt appear nee of the downtown Pensacola. These pic- POIITICAL PATTER: Remember the name Amanda Burden, she's y.ung, beautiful, almost divorced and is a Turn to GOOD EVENING Page 3A 1 mm.