The Charlotte Observer from Charlotte, North Carolina • 15

Financial News SECTION Complete Stock Reports American Exchanges Pages 4-5B Quotations from New York and Fridoy July 6 1962 SPORTS EDITORIALS COMICS FINANCIAL1 FOUNDED 1886 Track rongs Hinted THEODORE NOE Dump Cause suspension ROBERT A MCDONALD HELPS CUSTOMERS FBI Told To Enter Speedway Inquiry Another Story on Page 4A By PORTER MUNN Observer Steff Writer A report Thursday on preliminary investigations into the Charlotte Motor Speedway operations hinted at a wide range of possible irregularities in the building of the raceway Trustees Robert Robinson made his report to Judge Craven in Western District Federal Court The speedway is under the supervision of the court accordance with Chapter Motor Unit Got Money From Sales JERRY STONE AND Observer Photos by Peter McKnisht HAROLD RODDEN 45 ujt 8 yVi Ty- A K-W1 A Of 400 Local Have Found Work A scavenger scurries away from the Statesville Avenue city dump carrying gleanings from the rubbish heap A professional scavenger usually sifts through the rubbish and collects such things as old lawn chairs lumber discarded refrigerators washing machines automobile tires and wheels chrome old bed springs and broken furniture The non-professionals look for broken lamps boxes and old clothes and shoes (Observer Photo by James Denning) TOP RECORD Noe Has RICHARD KEPLEY GEORGE MEADOWS have a close association with Eastern hired their employees before during a strike" Six Eastern persons are working for other major carriers five for Delta VV A Smith Della's manager said they go out we usually expand our sendees Twice before employed Eastern people in our offices Robert A McDonald 31 of 3520 Manchester Drive manned the counter at Eastern and was doing the same for Delta Thursday "With three kids it's vexy convenient to be able to come over here But I plan to go back there after the strike had six years with Eastern and besides Delta pay temporary workers the same Richard Kepley 34 of Concord is in customer service at Eastern sales at Delta basically the same thing I was fortunate to be able to work here during the strike the third time been here But I plan to go back when Unit Look Good City College To Request $37 Million By HANNAH MILLER Observer Staff Writer The Charlotte Community College Board of Trustees plans to ask state authorities next week for $3750000 with which to build three new buildings and expand an existing building at Charlotte College The request is based on plans to ask the 1963 General Assembly to make Charlotte College an independent four-year fully state-supported institution If the General Assembly should grant the charter the state would pay the full $3-750000 Otherwise Charlotte College would have to furnish half the money State law requires community colleges to put up funds to match whatever construct i money they receive from the state What trustees of the college really want is for the two-year college to become a four-year branch of the University of North Carolina There is little hope of this happening soon however for two important groups have not given their recommendations on it They are the Commission on Education Beyond the High School and a special study group of University of North Carolina trustees Even if the two committees should recommend that the General Assembly make Charlotte College a part of the university it would still be up to the assembly The amount of time involved in these various studies and decisions is too lengthy a period for Charlotte College to go without senior college status its trustees feel Therefore they are asking the 1963 General Assembly to charter the college as a fully state-supported independent senior college with a wide range in courses Under this plan the junior year would be added in 1963 and the senior year would be added in 1964 Courses offered would include business administration engineering and teacher education as well as the liberal arts Included in the request are a general classroom building a general laboratory building an administration building and the expansion of the student services building The college has two brick-paneled buildings on its new Highway 49 campus They are an engineering classroom building which now houses the library too and another classroom building which also contains administrative offices A contract was let at a meeting Thursday for construction of a student center and a library The total cost of the two buildings will be $1083641 to be paid from existing funds The student center will be a two-story building of pre-c a concrete panels The library will be a two-story brick-paneled building The trustees decided to request $349000 in matching funds from the state to construct three new buildings on the Mecklenburg College campus Mecklenburg College at the intersection of Highway 85 and Beatties Ford Road is not envisioned as a four-year college and therefore would come under the matching funds provision applying to community colleges The campus already has two buildings The $349000 matched by local funds would provide a business education fine arts and home-making classroom building a library and a student services building The requests for construction money for both colleges will go first to the Advisory Budget Commission which will send representatives to Charlotte to hear the request on July 16 They will then be heard by the State Board of Higher Education At the meeting operating for both colleges The budget for is $483100 and Mecklenburg Col- Made THEODORE II NOE been one of the modernization methods He also has opened a new sanitary landfill operations off Ford Road which is considered a model of efficiency nnd cleanliness i comparison with the old See NOE Pg 12B Col 1 decision You don't even you care to gamble on a of the bankruptcy act In May Judge Craven authorized Robinson to investigate possible In early operations of the track The trustee reported that he had begun the investigations and found evidence that some claims against the speedway may be unwarranted Creditors have filed $900000 in claims against the track and had begun foreclosure proceedings earlier against the $15-million plant that is on Highway 29 in Cabarrus County just north of the Mecklenburg line To prevent the sale of the tract at public auction by the creditors the speedway management had it placed in the hands of the federal court last November The proceeding provides for reorganization of the corporation without actually throwing it into bankruptcy Robinson was ordered to find out how much of the $900-000 in claims is legitimate His report indicated that he has found some claims questionable The largest claims are by contractors who built the track His report also said Testimony further indicates that causes of action may exist against other persons" Robinson quoted from a letter from Attorney William Medford directing the FBI to cooperate in the investigation The entrance of the FBI into the case indicates the possible irregularities in speedway operations may be of a serious nature Judge Craven granted trustee additional time to complete his investigations Attorneys for the creditors opposed the delay The judge Robinson and at torneys of the Securities and Exchange Commission (SEC) will confer today in an effort to determine how long it will take to finish the investigations Robinson's main job as trustee is to work out a reorganization plan to pay creditors of the speedway for submission to Judge Craven Attorneys for the creditors said clients are hurting for their Judge Craven ruled the reorganization plan will have to wait until Robinson can dig into the $900000 worth of claims Several creditors have obtained judgments against the speedway for the amounts of their claims SEC attorneys and the trustee will present briefs to the judge Professors DR McCOY By JOHN YORK Observer Stall Writer The superintendent of the city Motor Transport Department has been suspended without pay while police investigate the reported sale of scavenging rights at the city garbage dumps The suspension of Superintendent Theodore Noe was confirmed Thursday by City Manager William Veeder Veeder said the suspension became effective Tuesday after he learned that Noe was receiving money from the city landfill supervisor James Press-ley and that Pressley was in turn collecting the money from persons who searched the city dumps for useful items No charge has been made against either Noe of 1815 Edgewater Drive or Press-ley who lives in Matthews Veeder said he did not know whether any charge would be made Pressley has not been suspended Veeder said in a memorandum to Mayor Stan Brookshire and the City Council Thursday that the practice of collecting money from scavengers apparently has been going on about 18 months The amount of money collected during that period is believed to be between $700 and $1500 he said Veeder said Noe cannot account for either receipts or disbursements from the money he has received Veeder quoted Noe as saying that he used the money as a sort of special fund for the Motor Transport Department and that no records were kept Noe said Thursday that the money was used to buy flowers for department workers who were ill to pay for bowling shirts and bowling league memberships for the department's team and to pay for a watch which was given retiring Assistant Superintendent Ralph Bartlett several months ago Noe said the bowling league memberships and bowling shirts for seven men cost about $22 and that the watch which was engraved cost about $130 Noe said it had been his experience in the past that some cities charge for scavenging on city dumps and others do not practice was going on here before I came here I stopped it for a while but it got started again which was a mistake on my Noe said slopped it because it interfered with the routine at the landfills The people got in the way It got started again later and I should have stop-ped it but I which was a Noe said He said that money was collected from the scavengers at the two city dumps by Pressley and that Pressley brought the money collected to him at irregular intervals Noe said that there was no accounting system by which Pressley had to account for the money collected and that he kept no record of the money turned over to him by Pressley Asked if he knew on what basis Tressley charged scavengers Noe said he did not understand that the stuff they picked up was weighed out and they were charged by the pound for what they took but I'm not sure that was the wayit Noe said He said he also understood that scavengers were not charged unless they carried something out of the dump He said he does not know what fee the scavengers paid was left up to the landfill Noe said Pressley said Thursday that the scavenging rights were given to Sydney Truesdale a Negro junk dealer who operates from a lot adjoining the dump just off Statesville Avenue lie said there was no scavenging at the Ford Road landfill site He said the landfill operators See OFFICIAL Pg 12B Col 1 By JOE DOSTER Obrvtr Staff Writer Theodore (Ted II Noe is a soft-spoken native of eastern North Carolina with an outstanding record in the field of sanitation He came to Charlotte in 1960 from Dade County Florida City officials had become aware of Noe and his reputation when they visited Winston Salem while Noe was working there Noe is 45 years old and a native of Clinton and he holds a degree from East Carolina College and a degree in public health from the University of North Carolina Many city officials consider him one of the best department heads Since taking over the operation in October of 1960 he has reorganized the city's Motor Transport Division with particular emphasis on the garbage-disposal svstem Under his direction the department has moved from a largely hand-labor system into one that uses time-saving and labor-saving mechanical aids Volume container service at big shops industries shopping centers and Institutions has Employes By ROBERT CONN Observer Staff Writer Only a few of Eastern Air 400 employees here have found work since the strike began June 23 the airline reported Thursday I Perkins Eastern's station manager said of the fellows have not been able to find temporary employment and are not working at all are taking vacations and some have gone home but quite a few are looking vainly for work awfully hard to find work on a temporary basis" The few who are working are doing a wide variety of jobs he said Robert King chief reservations clerk said only a few of his 83 clerks have found part-time work have made some contacts but we been too successful' in getting jobs Many of my people are looking for part-time However he said that five were working for other airlines one is self-employed another is a hotel hostess and two more are driving bulldozers at Winston-Salem Jeff Johnson Eastern's Chief Pilot in Charlotte reported of my men are working part-time in oth WILLIAM Arts Fund Now Totals $78450 The Charlotte Arts Fund now has $78450 Executive director William King said the total keeps about $1000 a in the drive to get $105000 The money will be used to keep eight Charlotte cultural organizations going during the 1962 63 season So far $17500 has been raised by a committee of 37 businessmen and their teams These civic leaders with A Grant Whitney as campaign chairman undertook to give a boost to the spring Art Fund drive which had lost momentum after $61000 was pledged Because ticket sales enough to foot the bills a unified solicitation campaign is waged annually for the Sympony Opera Oratorio Singers Mint Museum Symphonette Choral Society Nature Museum and Mecklenburg Historical Association er phases of aviation Some are doing charier When employees find other jobs the line runs the risk of losing them because of its frequent strikes among other things William O'Connor 306 Ashley Circle a salesman Eastern to find a job at John Miles Ltd a travel agency The owner John Miles left for a five-week trip to Europe just after the strike started a neophyte at ships and hotels but I know airlines so this job is working out fine It helps me keep groceries on the He said he would be there until August 1 and then if the strike is over he would return to Eastern a veteran he said But if the strike continues into late July said he'd have to seek other Russell of 319 Scaley-bark Road a reservations supervisor for Eastern is now attempting to set up his own company to use a new process for automobile and truck tires He said job is now temporary but it could be permanent" He said that it would be that he would go back to work if the strike ended tomorrow He said been with Eastern for 16 years Mrs Terry Carson 30 of 2008 Ashley Road a service agent for Eastern is now a dining room hostess at the Barringer Hotel until the strike like this work I like to meet people and it beats sitting in a corner of the office In fact 1 like the work here better all except for the pay It's not close to Eastern think you can be a little dissatisfied with your job if the pay is ok And unless another better job comes through in the meantime definitely going back to Charles Jenkins who works in air freight with Eastern is now working for Air Dispatch Inc He said he was doing basically the same work shipments in and consolidating them I work here and at the Two other Eastern employes are also working at 1336 Graham St Air Dispatch headquarters But they are working for another division of the same company Carolina Delivery Service Co Inc Harold Rodden 35 of Belmont and Jerry Stone 30 of Mt Holly loaded freight for Eastern and are doing the same thing for Carolina Delivery Service Stone said may be the same thing but sure working harder doing three times the work for half the pay" Roth said they would he going back to Eastern Rodden said been with them 11 years I certainly am going Henderson manager of both companies commented George Meadows is anotheritoday supporting their claims to Eastern employe who has found the right to investigate speed-a temporary haven on Delta's w'ay operations prior to the reservations desk He did simi-Uime the judgments were ob-lar work with Eastern tained Cliarlolle College Gels Be Calm In Court Or Get 10 Days By DWAYNE WALLS Observer Staff Writer some advice for the man going into City Recorder's Court today: You have to like the have to be satisfied with it if trial in a higher court I Dean 1 Charlotte College gained a dean and four new faculty members Thursday The dean is Dr Samuel McCoy professor of English at Wofford College in Spartanburg since 1959 A native of Columbus Ga the 58-year-old dean graduated from Wofford College rereived a master's degree from Duke University and a PhD degree from the University of North Carolina The new faculty members are Herheit Sussbach who will teach French German and chemistry: Santiago Vilas Spanish Miss Ruth Blnekwelder history: and Mrs Marcelle Mncl Martin Frenrh Community college trustees ne-elected officers at the same time thov hired the new' faculty But If you like the decision you had better hold your temper until you get outside the courtroom Leroy Long of 805 Graham St wait Thursday A man who Long said assaulted him with a chair was found not guilty and Long like it On the way out of the courtroom he said so in strong language to a friend Long got as far as the rear door of the courtroom before the court bailiff nabbed him and brought him back before Judge Beachum Jr who had heard complaint man is in contempt of court for using profane language In the courtroom" the judge said sentence him to 10 days in jail Take him away" The whole thing was over before you could say members Re-elected were Mur- rev Atkins of Dickson and ative to the General Assembly Co chairman John Paul Lucas secretary and Miss Bonnie Cone of Duke Power Co vice chans Charlotte College president as-man Gartnger represent-! sistant secretary and treasurer lege is $136770 budgets were approved Charlotte College the budget for SI fss5 'dm 1 1 yy-jtrr tw i iWi.