Sunday Gazette-Mail from Charleston, West Virginia on June 9, 1974 · Page 191
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Sunday Gazette-Mail from Charleston, West Virginia · Page 191

Charleston, West Virginia
Issue Date:
Sunday, June 9, 1974
Page 191
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Page 191 article text (OCR)

iwo-togedier" laxative! (It's made with smaller doses of two laxatives.) Some single ingredient laxatives work on the "Sunday punch" theory. One big dose of a strong laxative that can knock your system for a loop. Caroid Bile Salts Tablets are made up of two separate laxatives that combine the surety of a strong laxative with the gentleness of a mild one. Together they help ease you to regularity without sudden urgency upset. And because the dosage is pre-measured, Caroid Bile Salts Tablets are thorough and so predictable you can almost set your watch by them. Take two tablets at bedtime. Get a good night's sleep. And you can expect to be back on schedule in the morning. Gentle Caroid Bile Salts Tablets-the 'two-together' laxative--to help put your system back on schedule. Carow*BiiesaitTaMets ST. Grab Bag only 1Q Giant »rab b*c of over 100 unassorted foreign stamps! Africa. Asia. Europe, South Seas. etc. You will also re- eeive the most wonderful _-- -catalog; of stamp often in America. This offer made to rather new names for our stamp mail- " "* ** Littleton, New Hampshire 03G61 5 foreign coins, 10* "^ellsendyou.forlW.seldomseencoinsofSpain. Finland Sierra Leone, Turkey »nd Cxechoslo- vakia. Plus a colorful forewn banknote. Just to tret your name for our mailing; list. We'll include our free catalog of coins, paper money, collector s supplies. Send 10*. name, address, zip to- LITTLETON COIN CO.. Dept MB-ZS Littleton, New Hampshire 03561 IE SAFELY Q 20 DENTURE PAIN TOOTHACHE SORE GUMS TEETHING PAIN I New triple action Numzident, the I I all-purpose dental pain reliever, I helps stop pain fast. Numzident is ·anesthetic, analgesic, antiseptic land really works. At drugstores.] I Money-back guarantee. Numzident OF Dimes You're Never Too Old To Hear Better Chicago, I1I-A free offer of special interest to those who hear but do not understand words has been announced by Beltone. A non-operating model of the smallest Beltone aid ever made will be given absolutely free to anyone requesting it. This is not a real hearing aid, but it will show you how tiny hearing help can be. It's yours to keep, free. The actual aid weighs less than a third of an ounce, and it's all at ear level, in one unit. No wires lead from body to head. These models are free, so write for yours now. Thousands have already been mailed, so write today to Dept. 4601, Beltone Electronics Corp.., 4201 W Victoria St., Chicago, 111.. 60646 EDITED by LLOYD SHEARER HIELUGBK RflVRT ·ECAUSt OF VOLUME Of HAH RECEIVED. PUMDE REGHETS IT OMMOT ANSWER QUCTIES. IKE WALL STRET In 1934 when ___ Franklin D. Roosevelt was President, Congress passed the Securities Exchange Act, which established the Securities and Exchange Commission. Roosevelt appointed Joseph P. Kennedy to head the commission, which was charged with preventing the Wall Street crooks from cheating innocent and trusting investors of their money, a longstanding and traditional practice. Kennedy was "acquainted firsthand with practically all the sharp practices of the Wall Street chiselers, "bucket-shop operators, and bunko artists. By licensing stock exchanges and requiring full financial statements from registered public companies, he managed to give the suckers an even break, which was an improvement over the old days. But now, some 40 years later, investors are still being rooked and -reamed by stock manipulators, corporation executives, and government officials who are willing to sell their mothers for a campaign contribution. Take, for example, the Equity Funding scandal.- For almost 10 years, Equity Funding Corp., listed on the New York Stock Exchange and supposedly regulated by the' Securities and Exchange Commission, created 64,000 phony life insurance policies. It sold these fictitious policies to other Insurance companies, forged death certificates, kited its assets, ran the market value.of its shares to more than $600 million, then unloaded on the pub-' lie, banks, schools, foundations, other investors. The sordid details are available in a most intriguing book, "The Great RAYMOND L. DIRKS: BLEW THE WHISTLE Wall Street Scandal," by Raymond Dirks and Leonard Gross, published by McGraw-Hill. It was Dirks, incidentally, a former securities analyst, who blew the whistle on the Equity Funding hoax. Another scandal, this one costing billions, involves the collapse of the Penn Central Railroad, the largest business failure .in U.S. history. This one not only encompasses flagrant mismanagement but corporate hanky-panky, which if justice is served, should send several executives to jail for a long time, but probably won't. Penn Central was formed In 1968 by the merger of the Pennsylvania Railroad with the Hew York Central. Almost from its inception the company was in serious trouble but managed to hide that fact from the public. Its executives and Wall Street advisers have been accused of diverting $85 million into a private investment scheme, another $21 mil-. ' lion into a charter airline scheme. Its auditors have been accused of fil- ing.false financial statements, its bankers of not informing .its customers about 'the true financial condition of the railroad. It is an altogether shocking yet familiar story of man's greed and ·his willingness to cheat his felloronan, the Secu- , rities and Exchange Commission notwithstanding.

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