The Racine Journal-Times Sunday Bulletin from Racine, Wisconsin on August 9, 1959 · Page 3
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August 9, 1959

The Racine Journal-Times Sunday Bulletin from Racine, Wisconsin · Page 3

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Racine, Wisconsin
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Sunday, August 9, 1959
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Page 3
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Congressman - Unionist Advises Hoffa to Resign RACINE SUNDAY BITLLETIN AiiRURt 9, 105!) Sec. Ii PBRC 3 45 Fulbright Alumni Provide Scholarship TRIESTK. Italy A WASHINGTON — (/?) A!;iiul other union mcmbiTs fronv , , who (losnibocliwhat Knrlh lormcd piinitivc |nnHip of Itnlians who studied Congressman himself as an activ(> union member Salinday advised James R. Hoffa to resign as President of the Teamslers Union. Rep. Joseph E. Karlh (D- Minn.) told Hoffa tliis action would "deprive tlie enemies of labor of (heir prime issue" on the eve of Mouse debatei on labor bills, Karth, member of the AIL- CIO, Chemical and Atomic Workers Union in St. Paul he- fore coming to Conj^ross, made public a telegram in which he told Hoffa he does not presume to judge "the many allegations made against you." But, Karth wont on, ho tools Hoffa has "served the puriioses of the reactionary element by providing the excuse for their anti - labor propaganda campaign." He said that if Hoffa really [wants to protect the Teamsters ^legislation, he could besi do Win the United Stales under Full)V withdrawing from all of-;|j,.ij,h( .Scholarships has shown its gratitude by providing a scholarship of their own for an Kalian youth. The 4ry Trieste FuUbright umni gave the scholarship to by withdrawing from ticial union positions. Sign Off, Court Orders Husband I.OS ANGIT-F.S—(/I'l—I'.d- ward 1.. Rice drove around his neighborhood with a sign on his car reading: "My wife is the meanest woman on earth and won't lei me sec my son. Mom wants the divorce and I don't." On complain! of Mrs. Lorraine Rice, '.\H, who is suing for divorce, Superior ('(nut ordered Rice to quit it. Rice, '11, a |):iiiiler, said he still loves his wile and wants a reconciliation. Mrs. Rice said, "no." al Iranco Bradamunoe, 19, who will use it to attend Cornell University in Ithaca, N.Y. LAU'S Open Mon. Noon to 9 P.M. See New York Life 's Full Pa^e Ad in Today 's FAJWIIY WEEKIY DAVID P. COOK New York Life Agent Since 1938 1632 N. Main 2-2071 RACINE'S BIGGEST SELECTION OF USED FURNITURE, TV AND APPLIANCES LATHROP HARDWARE'S USED OUTLET 2040 LATHROP GIRL, 7, DIES IN FIRE — Firefighters were silhouetted against burning buildings when a blaze swept out of con- —AP Wlrcpholo trol in Boston Saturday. Gail Willis, 7, perished. About 60 persons fled as three dwellings burned. AFL-CIO Charges Stock Options Let Firm Executives Amass Fortunes Industrial Unioniof stock option plans ot" th'^i.o exercise his option. Goodrich Rubber Co., Alumi-j ^ num Corp. of America, Ford Motors, US. Steel, General ReportS KoSSem Ailing, Electric and General Foods. y^^^^^ Moflth's Rcst Little Risk WASHINGTON — i/P) —The, AFL-CIO charged Saturday that many corporation executives have made fortunes overnight with virtually no risk and with the aid of favorable tax laws. Practices such as stock options, a study by the labor organization's Department said, have created a now crop of millionaires whose activities "have left a trail marked by special privilege, hypocrisy, tax avoidance, Infkitionary pressure and stock- market abuse." The study said that while many of the reforms of the. 19.U)s still stand, "careless administration and a lack of legislative vigilance have permitted some serious erosion of this structure." Manipulation "One of the most serious of the erosion points," the study said, "lies in the area of corporate management and stock manipulation. In spite of corrective legislation, those who place their own interests above customers and the nation at large still exercise excessive control over the affairs of many great corporations, and still represent a challenge to the well-being of all Americans." The AFL-CIO said its study included examinations in detail volved. This gives him time to see where the stock values are headed. Regardless of how inuch the stock increases in value, when the option holder finally buys he pays no more than the price set when the option was granted. If the stock value drops, he simply declines The union said that all the CAIRO, Egypt —(/PI— Premier Abdel Karim Kassem of plans have been used by cor-!,j.aq wants to take a month's poration executives to amass huge fortunes with little or no risk, although the plans differ in detail. A stock option is a plan under which a company grants permission to an individual to buy a certain number of shares at a set price. The individual' vacation in Switzerland to rest but his advisers argue against it, fearing an upheaval in his absence, the newspaper Al Ahram said Saturday. The newspaper said Kassem had fainted twice recently. Once was when he was shown a picture of massacre victims may be an officer of the com-|in Communist-led riots in Kir- pany who had a hand in granting the permission. The option holder may wait as long as 10 years before buy- kuk. The latest was Thursday night when he was told of a plot to destroy the defense ministry building where Rain Keeps Ike Off Links GETTYSBURG, Pa—(ii')—A soaking rain Saturday kept President Eisenhower indoors and away from the golf course. As the President idled away the day at his farm home, the business of setting up a temporary White House in the Hotel Gettysburg got into full swing. White House aides brought files from Washington for use during Eisenhower's slay here preparatory to beginning a series of international conferences at home and abroad. Among White House personnel arriving here was Eisenhower's private secretary, Mrs. Ann Whitman. The President plans to return to Washington Monday afternoon to keep some appointments and meet with GOP congressional leaders Tuesday morning. Then he will return to Gettysburg to remain for a week or so, getting in as much rest and relaxation as business permits. the interests of stockholders.jing any or all of the shares in-'stays, the newspaper added. Ninety-five of every 100 lie families in the United States have a radio. COME IN TODAY! dcine ) BE COOL TONIGHT Mow for En^e'^so" Qukt Kool 'PICK-UP" PORTABLE AIR CONDITIONER Ught in Weight - Heavy in Duty - WSTMVS IH iMHUnS CHECK THESE FEATURES: • Low cost 7 </i amp. 11S volt operolion • Light in waight — meaiuroi only 11 1/4" deep, I2V4" high, 21" wide, CARRY IT HOME • Fits any window . . . avon caitmtnt windows • Permonent "Slide-out" woihoble Dynal Filter • Patented "Jet Scoop" for drip-fre* operotien • Vz hooepower 36S0 B.T.U. STOCK'« «*^jR$ COS! '*'^».V... , AdvertiMd In LIFE 0ff f«<»ory turplut ttocki of on» of Amerito's lofycjt mower makers, O. W. DAVIS CORP., RUItrtinnd, ind., Eitabliihad 1903. Bttcaute thit (omout maker <lei«ad hit books | July t(t, w« »<oap<id up th» ontir» factory stock of brand new 1959 nnodeU, r.n«u>iKTF. NmiNiNO STOCK O» am i«s* SUHX W « r.AM.OAOS MULL ' \f.%T Ttfl HATS S«en on 89 TELEVISION STATIONS J 5 86,000 STOCK BRIGGS & STRATTON Powered ill 4 Cycle Engines Advertised in LOOK BRIGGS&STRATTON LOOK AT I THE FEATURES i AH with 4 cycle: »riOQ»&5lro»oij!;iii.vi coil itof\tt «ngini»j.' d e > i 0 n I , (K 0 (e ^i, hondk*, bolt b*w;| in9 :whecti,^l«v)f| mulchefi ' I Mvlt(plr cutritigi h^iflMi, nvbby treod; lifet, »!d« »fim fco- •t itf«n« to w\\hM of treei. wttlt^, fences Vacuum octton": Model for eveni cuttinQ

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