Arizona Republic from Phoenix, Arizona on June 17, 1970 · Page 51
Get access to this page with a Free Trial

A Publisher Extra Newspaper

Arizona Republic from Phoenix, Arizona · Page 51

Phoenix, Arizona
Issue Date:
Wednesday, June 17, 1970
Page 51
Start Free Trial

KtPUBLIC MAIL More Emprise must list Tucson Turf stock Alaska trip Continued from Page 23 comment. "There it is," he said, his eyes sweeping the white and aqua beauty of the craft. "We're going on it. I'll let you know what happens when I get back." Republic Washington Bureau WASHINGTON - The U.S. Securities and Exchange Commission yesterday took civil action affecting stock of the Tucson Turf Club, which is controlled by the Emprise Corp. of Buffalo, N.Y. The SEC suspended an ex- e m p t i o n from federal registration requirements which it previously had allowed on 298,000 shares of Tucson Turf Club stock. The suspension was made on the ground that ownership of the Roust Cosa Nostra, Steiger urges FOP stock was falsified at the time the exemption was applied for. The commission said the actual underwriter of the stock was Emprise Corp., not Jacob J. Isaacson of Omaha, Neb., who was named as the underwriter. Thus, said the SEC, Em- prise and not Isaacson owns 218,000 shares and is the controlling interest and source of financial backing of the track. The club filed a request in August 1967 asking that the 298,000 shares of $l-a-share stock be exempted. The SEC action yesterday will bring the Tucson Turf stock under the federal securities law, which requires detailed stock disclosures from issuers of all securities sold to the public in interstate commerce. Rep. Sam Steiger, R-Ariz., has charged in Congress and elsewhere that Emprise has underworld connections. Em- prise officials have denied the charges. Tucson Turf Club has been inactive since running an unsuccessful race meet at the old Rillito racetrack in the winter of 1967-68. Northern Arizona Bureau Republic Photo by Con K«y»» • (t,. KBPUDIIC more oy con Ktye* ,The J. D. "Bud" Kingerys soon will sail their own yacht to Alaska f i 'ftearings to deal with power line • Jhe U.S. Bureau of Land Management will hold public hearings in I^ingman and Phoenix this summer on the request of the City of Los Angeles Bureau of Power and J.ight to build a power line Across the Arizona Strip. * ,The hearings will deal with we question of whether the California city should be required to build the line in an existing corridor across Ari- feqna. V 'The decision to hold the hearings was approved yes- ferday by the BLM State Multiple Use Advisory Board, comprised of representatives ftfc business, city and county governments, education and fesearch, wildlife, recreation, livestock and soil and water conservation interests. No $ates were set. c-The Los Angeles agency £ as urged to hold hearings in ese areas after it requested Jght of way for the power '. ifle last February, but in- tead held hearings in St. George and Kanab, Utah, which would be little affected by the power line. ! 'Routing the line across the Strip area would cost Mohave and Coconino counties substantial tax revenues and scar public lands, opponents contended. Glendon Collins, land manager for BLM in Arizona, said a comprehensive study was started yesterday to assemble information on the power line proposal. He pointed out that the proposal has been opposed by the Governor's Commission Benefits expire in ivelfare aid State Welfare Commissioner John 0. Graham said yesterday welfare recipients also getting Social Security benefits will find their July 1 welfare checks reduced about $4, since federal authority to disregard that amount of Social Security in computing welfare needs is expiring. But if Congress renews this authority beyond the present expiration date of June 30, supplemental welfare checks will be mailed to Arizona recipients to restore the July 1 reduction to them, added Graham. on Arizona Beauty, the Arizona Conservation Council and the Mohave County Board of Supervisors, plus several other private organizations. All of these groups urged that all power lines from the Page area (about 9 or 10 others going to Phoenix and Los Angeles are proposed) be required to follow a corridor that already has been established via Cameron. The Multiple Use Advisory Board requested Acting BLM Director Riley Foreman to submit findings of the study and the Phoenix and Kingman hearings to it, and that it be convened later this year to take formal action. The board unanimously adopted a resolution urging the U,S. Bureau of Sports Fisheries and Wildlife to retain an adequate predator control program in Arizona. The action was taken in the face of reports that the program would be greatly curtailed beginning July 1. Board members heard detailed reports on range improvement work and recreation and wildlife development projects in the three grazing districts of the state and the Colorado River Land Use District. FLAGSTAFF - Rep. Sam Steiger, R-Ariz. last night offered a partial answer to containing the spread of organized crime. "You can roust them!" he told 200 state law enforcement officials and wives at the 33rd annual state conference of the Fraternal Order of Police. "You know who they are, and if you don't, you can find out." Steiger suggested that the rousting of organized crime should take place at other levels besides the police. "These people have to deal with a lot of regulatory agencies — those agencies ought to roust them too. It takes some guts on the part of administrators, so make your communities aware of the value of your expertise — and of the value of an administrative arm with some guts," he said. Steiger also urged police departments to warn the business community of the potential dangers of organized crime. He pointed out that it had existed in Arizona since 1936 but never on the large scale it has assumed on the East Coast. But he warned, "We've become a fertile area for investment of organized crime. "The more respectable their associates in the business world, the better their chances of expanding their interests. They work it to a science and it's one of their most important methods of operation. Each Cosa Nostra family has a corrupter whose Available at Sears Phoenix and Scottsdale SSJ^fva 'Vn'i/ Sears $24 Complete Super 8 Movie Outfit r Use Sears Easy Payment Plan Take and Show the Action Super 8 Zoom Camera Outfit Zoom in for film thrills with 21 manual zoom camera. DUALL projector shows Super 8, regular 8 movies. Screen, light, film, batteries all in| eluded in outfit. * ii fleg. Sep. Prices Total $163.93 1 QQ88 JLtJ 37 I SHOP AT SEARS AND SAVE Satisfaction (iuarantead ur }'<jtn Moni'ij lift k [Se^rsJ -'f.K AM) f..o. PHOENIX STORE 20th St. arid K. Camelbuuk R.I. Pliom-26'i DiJ < Ijifii \lnti lljjn S.'.l '•I '•.'/ •.. i.. '; ! : . i ,. Direct-Dept. Phones; Phoenix 263-4203 Scottsdale 263-4603 SCOTTSDAIvE STORE K. McDowell and Scottsdule Hd. job has been developed to a level of a high art," he said. "It's not a simple thing (to corrupt). Anyone in a sensitive position is going to be nervous. "When a state or city has been corrupted systematically the corruption grows. You only have to study Newark and certain cities in Louisiana and Ohio to see it. Cities end up paying double and triple the price for things they aren't getting," he noted. The Mafia, with an annual gross of $60 billion a year, is in a position to hire the best professionals in any field, Steiger asserted. As a result, "your chances of success in getting a wholesale conviction in organized crime are two: Slim or none." So the best weapon is rousting, he observed. "I think you people can be the cutting edge of the sword," and if civil libertarians oppose it, he suggested, "Tell them to look at the wreckage in a city dominated by organized crime, the narcotics and other problems. "It's a lot easier to keep them out than to get them out once they're in," he said. FOP delegates agreed with a standing ovation. MARTIAL LAW ORDERED ANKARA (AP) - The Turkish Council of Ministers has proclaimed martial law in Istanbul and .the neighboring industrial city of Izmit after riots Tuesday over a new labor law killed three persons and injured more than 50. Former track manager Hali Nunn testified at an Arizona Racing Commission hearing May 12 that Emprise failed to give him promised financing for the track under an earlier ownership in 1964-65, then took over the physical facilities in a foreclosure sale. Tucson Turf stockholders have filed a $1 millkm lawsuit against Emprise and Isaacson, alleging misrepresenta* tion. U.S. District Court Judge James A. Walsh dismissed one count against Isaacson June 9 on grounds federal court had no jurisdic» tion, but refused to grant a similar motion for Emprise. SPECIAL PURCHASE! INFANT CARRIER BY BABYCREST 2.99 Fun, comfort, and protection for baby in a foam cushioned seat with printed vinyl cover, colorful playballs versatile roclc or sit stand safety strap and car seat bracket. White, pineapple, avocado. Infants. Father's Day fishing derby •>=sv v Take Dad to Legend City this Father's Day, and help him catch a bushel of bass, perch and carp in the Legend City Lagoon, Lots of fish are there. And no fishing license is needed. You can win trophies and other prizes for the biggest fish, most fish, prettiest fish, ugliest fish. Fish in Father-son teams, Father-daughter teams, or a combination of both. Bring your own fishing gear. The Legend City Special Rides Ticket includes Fishing Derby participation. Fish from 6 p.m. to 8 p.m., then check your gear in at the special Derby Booth and have a ball enjoying Legend City's 48 rides and attractions. HAPPY FISHING! Legend City /$ now open da/7y, 7 p.m. to 1 a.m. For ticket information, catl 275-8518. LEGEND Gin 56th Street & Washington, Phoenix

What members have found on this page

Get access to

  • The largest online newspaper archive
  • 8,600+ newspapers from the 1700s–2000s
  • Millions of additional pages added every month

Publisher Extra Newspapers

  • Exclusive licensed content from premium publishers like the Arizona Republic
  • Archives through last month
  • Continually updated

Try it free