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Lincoln Journal Star from Lincoln, Nebraska • 3

Location:
Lincoln, Nebraska
Issue Date:
Page:
3
Extracted Article Text (OCR)

Lincoln, Neb. Journal, Friday, March 31, 1972 3 New Money Flow Rules Announced 'Allende Prevention Discussed' Washington W) Americans planning a trip abroad after July 1 will be required to make a special report to the Customs Bureau if they will carry more than $5,000 in currency or checks out of the United States. The Treasury Dept. said Thursday it will post signs at more than $10,000. Firms also must get from the depositor the Social Security or taxpayer-identification number cn every account opened after June 30, 1972.

Another requirement says financial institutions must tell the Treasury of any unusual currency transactions involving more than $10,000. shipment or physical transport, a report must be made to the government. In addition, a person who receives $5,000 from a foreign country is required to make a report giving details of where it came from and who sent it if no other report has been made to the U.S. government. The rules, effective July 1, require banks and financial institutions to keep for 5 years either copies or microfilm of all checks, except on those accounts on which 100 checks a month are written.

In addition, all banks and financial institutions must keep for 5 years records of all money transfers in or of the United States involving Belgrade Won't Set Up Chess Match i reached in Amsterdam for the players' share of the match. The agreement reportedly would have given the winner 72 of the $138,000 purse, with the rest going to the loser. The Belgrade and Reykjavik organizers of the match turned down Fischer's requests for a change in financial conditions of the Amsterdam pact earlier in March. He had asked that all money left over after the cost of the match was covered should be split between him and Spassky. The organizers said they bore a financial risk and should have the right to profit.

The Belgrade decision was expected after the organizers received no pledge from the world federation that it would honor the Amsterdam agreement. Belgrade chess officials set a March 31 deadline for a reply. On Thursday Fischer dismissed E. B. Edmondson, head of the U.S.

Chess Feder-tion, as his financial negotiator for the match and Edmondson said Fischer planned to conduct his own bargaining. A Belgrade newspaper reported that Fischer had rejected a settlement Edmondson Belgrade, Yugoslavia The Belgrade organizers of the Spassky-Fischer world chess match announced Friday they are dropping plans to organize the match in the scheduled period in this city. The contract between world champion Boris Spassky of the Soviet Union and American challenger Bobby Fischer was set to start June 22. The second half of the 24-game match was to be played in Reykjavik, Iceland, under a compromise agreement reached in Amsterdam by the International Chess Federation (FIDE) and the two players. customs points to inform travelers what is required.

Treasury announced the requirement in final regulations under a 1970 law designed to detect criminal activity in secret foreign bank accounts. The $5,000 requirement is only one of many provisions in the regulations, which establish extensive reporting and recordkeeping rules for the nation's financial institutions. Samuel R. Pierce, the department's chief attorney, denied, however, the United States is moving toward exchange controls which are common in some countries. The reporting requirement may result in some travelers having their wallets searched.

The regulations also say that any time a transfer of $5,000 or more from the United States takes place, either by mail or Prof Elected Austin, Tex. UP) Dr. Wailand Bessent, University of Texas professor of educational a i nistration, has been elected president of the University Council for Educa-tional Administration. The organization, comprising 5 8 major U.S. universities, promotes research in educational administration and toward the improvement of the preparation programs for education administrators.

AP WIREPHOTO New York W) Business Week magazine says former CIA Director John A. McCone has confirmed that executives of the International Telephone Telegraph Corp. discussed possible moves to prevent Salvador Allende from taking office as president of Chile in 1970. McCone, a member of the ITT board of directors since 1966 and a member of its executive committee, disclosed that he was consulted and that ITT told the U.S. government, "If you have a plan, we'll help with it," Business Week said Thursday.

Columnist Jack Anderson published some alleged ITT internal memos on March 21 that suggested ITT officials and top government and CIA officials tried unsuccessfully to promote a military coup to prevent Allende's taking office. Of the memos published by Anderson, McCone said "those were staff," the magazine reported. An earlier ITT statement dismissed as baseless allegations that the company plotted against Allende to protect its properties in Chile against expropriation. Business Week reported that McCone said suggestions of "economic repression" measures against Chile were "prudently, properly and firmly rejected" by ITT Chairman Harold S. Geneen.

McCone was quoted as saying that he and Geneen are filled with "regret at the way that the memos were written and the way they have been read by the press so that our true policy has been distorted." In Santiago, the Chilean Congress has ordered a special commission to begin an investigation next week of CIA activities in Chile. The opposition Christian Democrats and Nationalists went along with the Communists and Socialists in voting for the measure, but asked that the activities of other nations, including Cuba, also be U.S. Guards Against Smallpox Virginia Barnes "chance taken away." Only Husband-Wife Mixed Teams Two Female Drivers Attack Trucker's Ban Billboard Fine Stiff Continued From Page 1 the beautification law, though several other states probably will not get around to enacting compliance programs before late spring, Among them are Texas and Illinois. South Dakota intends to challenge the act in court. Penalty for the noncompliance is yearly forfeiture of 10 of federal highway construction aid.

$40 Million Available In deciding to ignore the billboard lobby and assess this penalty if necessary, the Transportation Dept. noted that Congress itself, after almost six do-nothing years, had finally ignored the pleas of the lobbyists and appropriated enough funds to begin removal of signs. Some $40 million is available this year. Money in hand, the department then set March 31 as the compliance deadline for most of the two dozen or so states still refusing to adopt removal programs. Missouri was in the group.

The general assembly here struggled for weeks before eventually passing, a compliance program late Wednesday. Washington gave general approval Thursday, pending negotiation on some minor matters. Had Missouri failed to act, the penalty for this year alone would have been $11.5 million of a $115 million grant. Transportation Dept. officials say the $400 million needed to remove the 800,000 billboards scattered throughout all 50 states will cover reimbursement of both sign and land owners.

Within the industry, a sign valued at $450 is uncommon and typical land rent for a sign site in a rural area is $50 a year. Rural Regulations Under the 1965 act, no commercial sign may be located within 660 feet of an interstate or primary highway running through a rural area. In built-up areas, however, signs may be put up almost at will, though some cities, such as Denver, are beginning to enact restrictions. Congress Justified rural regulation on the ground that federal funds pay half the construction costs of primary roads and 90 of the construction costs of interstates. Most of the interstate system, being new, already is relatively free of billboards within 660 feet.

However, jumbo sips are beginning to go up beyond that distance at some points, prompting concern in the Transportation Dept. In testimony given the congressional commission now hearing complaints about the 1965 act, a South Carolina motel -restaurant-recreation complex said that 96 of its business could be traced to 300 roadside signs it had posted all over the Carolinas. On the other hand, in a survey run for Missouri sign companies, motel and restaurant owners predicted only 15 loss of trade if all billboards were taken down. fering vaccinations to travelers who were in Yugoslavia within seven days of their arrival in the United States because a vaccination will offer some protection even after several days of exposure to the disease. The CDC said it had sent a six-man team into Yugoslavia, at the request of its government, to launch an intensive mass vaccination program.

The epidemic reportedly has infected 100 persons and killed 15. Health officials are keeping under surveillance for two weeks any traveler who does not have a valid smallpox vaccination certificate, who was not vaccinated more than 14 days prior to his arrival in this country or whose latest vaccination did not "take." Since the watch began between 50 to 100 persons a day have been placed under surveillance, but not detained. In addition, the CDC is of Atlanta (UPI) Working to prevent smallpox from hitting the United States for the first time in 23 years, health officials are keeping a close watch on scores of travelers coming to this country from Yugoslavia, where a smallpox epidemic has broken out. The National Center for Disease Control (CDC) said it is checking all travelers entering the United States who have been in Yugoslavia within 14 days of their arrival. do allow male drivers to drive together or single, and we do allow female drivers to drive together or single." Watkin's personnel director Arthur Farr said the company employs several husband-wife teams.

Mrs. Barnes and Mrs. Blackburn, both under 5-foot-2 and 105 pounds, earned to drive the huge tractor-trailer rigs at a vocational school. They handled Watkins rigs for nearly three months before the company ruling. Both women say they never asked for any special treatment from their male partners.

Mrs. Barnes said, "I got my blouse dirty and I got my hands dirty. When we unloaded 40,000 pounds of concentrate, I unloaded my share half." Lakeland, Fla. UP) Two female truck drivers have filed sex discrimination charges regarding a company ruling -that prohibits single women from making long-distance hauls with men drivers. "Ever since I was a little kid I wanted to drive a big truck," Virginia Barnes, 35, said.

"They gave me a chance and then they took it away from me." Mrs. Barnes and Pauline Blackburn, 48, have filed complaints with the Equal Employment nuity Commission against Watkins Motor Lines Inc. of Lakeland. The women complained after company officials decreed on March 1 that drivers of opposite sexes could not team up on trucks with sleeping quarters unless they were married. "There is less chance of hanky panky on the road than there would 'be in the trucking offices," scoffed Mrs.

Blackburn, a divorcee. "I think I should be able to drive a truck because of my ability, not because I'm married," added Mrs. Barnes, a mother of two who is in the process of divorcing her husband. Barney R. Brown, vice president of the Lakeland trucking firm, said the ruling "had nothing to do with discrimination.

It creates too much of a problem. "The policy of Watkins oMtor Lines is to have both male and female drivers," he said. "We Join the April Fools at the Nebraska Book Store 1135 Street and get in on the biggest Annual book sale ever. Prices ridiculously low on nearly 50,000 volumes, Books for everyone from 8 to 80. Starts April 1.

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Durability too because after all a Lawn Lover is inclined to mow a little oftener than the average fellow. That's where Ailis-Chalmers comes on strong with one of the most complete lineups of lawn and garden equipment ever offered. Have an estate size lawn? Then one of our big tractors is the one for you. Models from 10 to Wz hp. If you're a Lawn Lover with a medium size lawn-say a quarter acre or so you can choose from 6, 7 and 8 hp tractors and 5 and 8 hp riding mowers.

There's a full line of accessories for every one of them. People with smaller yards can pamper their lawn with one of five great rotary mowers. And garden lovers haven't been forgotten with four rotary tillers in the AHis-Chalmers line ZVz to 8 hp. See the complete selection at your AHis-Chalmers dealer and show your lawn a little loving care. Apply When Dandelions Bloom.

Kills dandelions and 100 other broadleafed and vining weeds. Full feeds your lawn with a balanced fertilizer the safe way. 1 WEED and FEED Qj ALLIS-CHALMERS OUTDOOR LEISURE PRODUCTS (pampbell's These Allis-Chalmers dealers are ready to help you show your lawn a little loving care Nurseries and Garden Center 2342 So. 40th 488-0958 ON SALE NOW 10,000 sq.ft. J--95.

Reg. $12.95 1 1 5,000 sq.ft. tAc Reg. $6.95 fQ where the beauty of life starts with life itself BENTZDNGER BROTHERS LUDDEN FARM STORE Martell York BUCHLI IMPLEMENT ROLFSMEIER MOTORS Hebron Seward FARMER'S CO-OP OIL ASSN. SMITH BROTHERS David City Sutton FRANTZ FARM EQUIPMENT STUBBENDICK IMPLEMENT Beatrice Syracuse FRICKE FARM EQUIPMENT A.

B. WELLS SON Tecumseh Plymouth Weekdays 8 to 5:30 Watch for CampbeWs 1972 Catalogue April 7th.

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Pages Available:
1,771,297
Years Available:
1881-2024