Des Moines Tribune from Des Moines, Iowa • 9

rm mm m. TEAMSTERS CENTRAL STATES PENSION GROUP W.J., Oef. IA, 1963 DES MOINES TRIBUNE 9 Union Fund Lends $5 Million to Bosses STOP GURGLING TOILETS COSTLY WATER WASTE I No guidt irm or lift wires to corrodo and bend no handle jiggling. Korfcy stats itself to end faulty sealing for good. Over three million already in use.

Get Korky at your plumber's or were indicted in June ployer. Strecker was not charged in the fraud case. on naroware store now. 49 only -t ample, took in $56 million last year, and paid out $10' million in benefits. Its assets! rose 25 per cent to $213! By Robert S.

Boyd (SmcII Dispatch to Tht Ds Moinej TritKint) WASHINGTON, D. C. Employers have borrowed more than $5.5 million from the Teamsters charges of fraudulently milking the fund of 14 loans worth more than $20 million, including the one to the Four- vested in real estate. Bonds and stocks account for an-; other $55 million. The fund is controlled by a Board of Trustees composed of eight employers and eight Teamster officials.

Hoffa is one of the union trustees. For nearly two years, the Justice Department has been carrying on a massive investigation of the Teamster pension fund. Hoffa and seven other men I A Guaranteed Product of LAVELLI RUBBER CO. Chicago million. More than half of this sum, $120 million, is in Other Loans Other employers who received loans from the Teamster pension fund were: Fleetwing Terminal, 250 E.

Grand Detroit, borrowed $300,000 in June, 1959, and still owes $240,000. The Three-O-Six Duncan Corp, (CopvrisM, 1M3) Union's huge I You Can Count on Us Quality Costs No More at Sears loan bears 6 per cent interest, and is secured by Fleetwing Central States Pension Fund. Tlje fund was set up in 1955 to provide pensions for retired Teamst members. Six persons or property valued at $450,000. Western Realty Co.

bor-i rowed $1.25 million to help finance an expansion of its; Dunes Hotel in Las Vegas. rfTb TICS 77 James Gottlieb, principal of-j ficer in Western Realty, also i L-J Li companies whose em owns Western Transportation a Chicago firm that employs Teamster Union i members. C. L. Schraeer of C.

W.l 3 Days Only-All First Qualitv-No Seconds or Irregulars Our Lowest Price Ever for This Quality Automatic Blanket Terminals, Wisconsin Rapids, borrowed $1.75 million at 6V4 per cent interest ancT still owes $1,664,538. The Home Service Los i Aneeles. borrowed $1.15 mil Designed to Give You Extra Comfort and Convenience lion in October, 1961, at per cent, and still owes; $1,082,726. The principal offi-j cer and stockholder in the; company also is an officer in! Pjoneer Motor Service of i Rock Island, 111., a Teamster I SsiSsS" Hiss-- i i ployes stand to benefit from the fund have been permitted to borrow from it. Such loans must be reported to the U.

S. Labor Department under a new law that requires public disclosure of pension-fund transactions involving a possible conflict of Interest. No charges of wrongdoing have been brought in connection with five of the loans, which are legal as long as they are reported to the government. Charge However, the Justice Department has charged that there was an illegal conflict of interest in one of the loans. It, brought fraud charges this summer against Teamster President James R.

Hof-fa for allegedly misusing his position as a trustee of the pension fund to obtain a loan of $840,000 for the Four-Three-O-Six Duncan of St. Louis. An officer of the SU Louis company, Fred W. Strecker, jr. also is a pension fund trustee and a Teamster em emDlover.

Eazor Express of i Forestview, $264,000 in January, 1960, atj 6 per cent, and still owes UsJ Jim fe rf) 1 "I.hf) 'M I I. 1 New Oval Shaped Princess Stvle Control with 1 1 Heat Settings New Oval Shaped Princes Style Control ui.i, ii hm. Spftin $242,000. A seventh loan, for 000 went to Teamster Local i tSwjl 512 in Jacksonville, Fla. It) bears 6'2 per cent and has not been repaid.

You'll sleep more relaxed; wake more refreshed when you can select and maintain your most comfortable sleeping temperature all night long. A thermostat turns heat on as room grows colder. The government estimates that various union and man- agement pension and welfare funds are already worth near- ly $80 billion and growing raDidlv. The Teamsters Centrali States Pension Fund, for ex WALNUT A BARGAIN DAYS AT STORE THURS. FRI.

SAT. Welcome Teachers flour sacks 0 100 lb. all perfect USLs) 4 Save 1 4c per yd. 80 Sq. PERCALE PRIIIT FLANNEL I Prints or White or Pastels 2-Vear kl it- VW' i-VHu" CHARGE IT Blanket and control or replaced, jgj l''' IliilVUlL 11 at our option, free if wired fabric proves -m 111 defective within 2 ears of sale.

Defective Oil hears W- gerePa'rf1 replaced free jM WW LT Revolving Charge BLEND FABRICS Dacron cotton blend for Suits Dresses Reg. 69c Yd. GIANT 5 CELL FLASHLIGHT ft if 5 batteries included 1200 women's cotton I DRESSES Values orig. to 5.98 Automatic Blankets with Sears 2-Year Nation-Wide Guarantee IWOMEN'S 'I WOMEN'S RvQQ WHITER COATS lM.m Oria. to 39.95 l' Values Orig.

to 39.95 IWOMEN'S WOOL SKIRTS 2 Orig. to 8.98 dH again and still it keeps its shape. Bottom corners are convertible for use in both flat and fitted styles. With durable 6-in. nylon binding.

Don't forget wherever you live now or move to later, your automatic blanket guarantee is good at every Sears Store in the country. Buy now at Sears low, low price! You'll find this blanket a leader in comfort, beauty and convenience. You'll love its soft rayon and acrylic nap and rich decorator colors. Choice of Harmony House Horizon blue, Petal pink, Jade green, Sunshine yellow or Parchment beige. So easy to care for.

Maximum shrinkage 2Tr. You can machine wash it again and WALLPAPER l5e Dept. Stort Downtown 3rd Wilnut Twin Size 1 1 Full, Single Control $14; Full, Dual Control $17 PHONE SEARS for All Your Needs Gordon Gammack's Column Bringing his readers news, information and entertaining anecdotes daily in the Des Moines Tribune STORE HOURS WED. THURS SAT. 12 Noon to 9 P.

M. 9 A. M. to 9 P. M.

SEARS Merle Hay end Douglai Phone BR 6-2511 Dei Molnei, la. Shop at Sears and Save Satisfaction Guaranteed or Your Money Back A.