Northwest Arkansas Times from Fayetteville, Arkansas on April 22, 1974 · Page 13
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April 22, 1974

Northwest Arkansas Times from Fayetteville, Arkansas · Page 13

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Fayetteville, Arkansas
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Monday, April 22, 1974
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A Light Along The River After dark travelers along the Arkansas River at Fort Smltli now find a real lighthouse beacon helping guide (liclr way. Built like m a n y lighthouses along the N e w England coast, the navigational aid Is the genuine thing despite the fact that It's also a restaurant -- the Lighthouse Inn -- serving authentic Gate Crasher Celebrates 46 Year Career WEST PALM BEACH, Fla. (AP) -- Who is that man walking arm-in-arm with Mae West, chatting with John Lindsay, shaking hands with President Nixon, posing with Harry Truman? _ I t ' s Morris Lieberman, retired furniture salesman and gate crasher extraordinaire. For 46 years, Lieberman has been slipping through guarded doors and police lines to get his picture snapped with an array -fif celebrities. A photo gallery on the wall of has retirement home here offers graphic proof of his successes. "Some men collect stamps and some men collect coins," says Lieberman, 62. "I go to parties and events and collect pictures. It's been my hobby." Lieberman. originally from Cedarhurst, N.Y., recorded his biggest coups in New York City. The bottle-jawed Licberman says his hobby started accidentally in 1928 at the age of 16 when he went to hear New York Gov. Al Smith accept the Democratic presidential nomination. By chance, Lieberman says he sat next to Smith's wife and wound up being ushered out with the Smith family by an honor guard of police. The next day, he was pictured on the Ancient New Zealand Whisky Now Brewed, Sold Legally DUNEDIN, New Zealand ;(AP) -- Hoots maun, it's legal, it's above board, and it has just gone on sale -- genuine S c o t c h whisky with a "Distilled in New Zealand" label. Not that there hasn't been whisky made here before, but it was illegal, under the counter and difficult to buy. Nobody's too sure, but the rumor is that moonshine whisky was one of the first products of the 300 Scottish pioneers who migrated here 126 years ago. Ignoring the hellfire and brimstone sermons of their Church of Scotland clergy, the migrants set up stills in the hills around their settlement. They named the settlement Dunedin, the old Gaelic name for the anglicized Edinburgh. The fiery spirit they produced was named Hokonui after the tiny hamlet which became famous for its particular brand. Hokonui hooch received a shot in the arm when it became the shot for thousands of thirsty prospectors who poured into the Dunedin hinterland after gold strikes in 1861. The 'whisky goldmine lasted 14 years before the government Imposed crippling excise duties on liquor nroduction. STILLS ACTIVE Mention Hokonui to New Zealanders these days -- and they wink and clam up, indicating that the excisemen have not tracked down all the stills. . The legal production of whisky lias been surrounded by almost as much security as Hokonui. Since the Wilson Malt Extract Company -- now Wilson's Distillers Ltd. -- made the f i r s t moves 10 veai's ago f n acnuirc a production license, there have been only snifters of information. Actual production of whiskv started at the company's old whilewashed stone and brick headquarters in 1%0, since then the Honor has been maturing gently in American- "The whisky business is very competitive," sajd a company official. "We are taking a ;realer-than-average risk in .rying to break into the market and cannot afford to let our competitors know too much." Just how competitive was shown when company officials went to Scotland to probe the business. Scottish ancestry or not, the officials were greeted warmly -- and treated dourly by distillery men there. The New Zealanders knew they had the malt, grain and even the peat necessary to make whisky. 'SECRET' FOUND They searched the often mist- topped hills and claim to have found the vital ingredient of pure, soft water -- the reputed "secret" of Scotch whisky -- at Deep Creek where, curiously, a prospector recently staked a claim in the hope of making a new gold strike. The secrecy surrounding the new whisky went further. The company ran a competition for a name for the product. A winner was selected from the 18,000 entries -- and had enjoyed his Hawaiian vacation prize months before the name was announced. The winning name was "45 South," a reference to the latitude of Dunedin -- with overtones of the '45 rebellion (1745) in Scotland. The premium brand is to be known as "Wilson's Whisky." . The company, which has a $3.3 million U.S. investment in the whisky, hopes to grab half the annual New Zealand market of 400.000 gallons, at present imported from Scotland. The government has come to the party by fixing excise duty on the local product at $19.93 U.S. a proof gallon -- $7.13 U.S. less than the rate for imported whiskv. With "45 South" retailing around $6,75 U.S, a bottle, it undercuts the belter-known p I --1. u« n «,l. u.. *o f\n TT O Delinquencies Reach Record level Northwest Arkansas TIMES, Man., April 22, 1974 PAYKTTEVILLI. ARKANSAS Americans Get Deeply Mired In Debt Liebernian says shook his hand and ront page of a local news- aper, standing proudly with he governor's family. Lieberman refuses to disclose lis gate crashing secrets, but eagerly talks about his favorite riumphs. When former President Trunan came to New York in 1956 to stump for Gov. Averell Har- imap and other Democratic candidates, Lieberman joined the VIPs on Ihe podium at a political rally. Truman told him, 'You look like a fine candidate -- I'm sure you'll be success- "ul." In I960, Lieberman said he grabbed a seat behind Pal Nixon on a plalfonn in New York while' then Vice President Richard Nixon made a address in his campaign for Ihe presiden- y. In another escapade, Lieberman donned a tuxedo and crashed the 1970 premier of the film "Myra Breckenridge." As hundreds pushed and shoved for a close look at Mae West, Lieberman recalled he walked up to her limousine and said, "Mae, you look wonderful tonight." Movie magazines in Ihree countries later carried a picture of Lieberman escorting Miss West into the thealer. Last year, Lieberman joined in an invitation-only party for New York Mayor John V. Lindsay, who was leaving office after eight years. Lieberma.n said he was talking with Lindsay when an aide leaned over and whispered in the mayor's ear, "Who the hell is that guy you're talking to?" "I don't know who in the hei: he is," Lieberman said Lindsay replied. "But I seem to run into him almost everywhere I go." "They never know for sure Ily DEBORAH M. RANK1N Al' IlushiMi Writer NEW YOHK (AP) -- When George P. got m a r r i e d five years ago. he and his bride took out H $500 lean to furnish their new apartment. Two children, nine credit cards and seven loans later, the young 'bank 'clerk owed over $0,001). more Unm he earns In six months. lie was BO far behind In his payments at Christmas that he couldn't charge a penny more. So he took the small amount of cash he had on hand, bought his, daughters dime-store toys, his wife a $7.99 nightgown and told them "Santa Glaus got stuck in inflation." Financial experts say that George, who doesn't drink or gamble and is in his early 20s, Is typical of millions of Americans who have gotten into debt over their heads. Delinquencies -- payments 30 days or more pasl due -- on consumer loans and mortgages are at the highest level In years for three reasons, lenders say: --Continued sharp inflation, forcing Americans lo set aside a larger portion of each dollar or such nccesities as food and uel. --A business s!6 vdown that is who I "They am, know Lieberman says they've seen me some place, or they think they have. Rather than risk offending someone important, they always went along and acted as though they knew me." Ultimate Goal NORTH BRANFORD, Conn. P) -- Home heating from a manure pile is the ultimate goal of a simple tank converter fashioned by Alton Eliason and lanks con- already are Joseph Pelliccio. Two nected home-fuel by pipes producing enough methane gas to heat Eliason's greenhouse, they say. When Ihe conyerler is fully operalional it will use manure from dead Eliason's chickens plus leaves and plants from the greenhouse to produce gas. "The residue is even richer than when it went in and will make excellent fertilizer for the greenhouse," Eliason said. With success and a sufficient supply of chicken manure the two hope to create a larger converter and switch the oil- heating system of Eliason's home to methane gas nexl winter. Fort Gibson Notes 150th Anniversary FT. GIBSON, Okla. (AP) -- 31d Ft. Gibson, the most important in a line of forts which stretched from Minnesota t Texas and marked the edge of western expansion in the 19th century, turned 150 years ok Sunday. It was April 21. 1824 that Col Matthew Arbuckle and 121 sol diers arrived here aboard flat boats to carry out the orders o Gen. Winfield Scott, command er of the Army in the South west. Scott wanted Arbuckle te move his command from For Smith, Ark., to a point at th mouth of the Verdigris River t( exercise better control over the feuding Osage and Cherokee tribes. The Osages, who had come to the area as early as 1706, re sented the relocation of th Cherokees from Northwest Ar kansas and Georgia into territo ry they considered their own. Arbuckle's four companies p the 7th Infantry built the fort i two years, and it was shortly tc become the birthplace of th U.S. cavalry. Some of the firs units were called the Ranger and the Dragons. Ft. Gibson often was the firs station for West Point gradu ates. Zachary Taylor, who late was to become president of th United States; Jefferson Davis later to be the president of th Confederate States, and San Houston, president of the Texa Republic, all spent a part o their careers here. Several hundred person gathered to commemorate th fort's 150th birthday Sunday. Earl Boyd Pierce, a directo of the Oklahoma Historic a Society and retired genera counsel of the Cherokee tribe told the group that the fort re mains "one of the finest histor cal monuments within the con fines of our beloved state." The Cherokee Nation owne the frontier post at one time. Guessing Game GREENTOWN.Ind. (AP) -Town fathers are all helping I the fuel conservation drive, bu have found they cannot ahvay tell how well the city's two pc lice cars are doing. During extreme winter cole the gauge on the police ga pump froze up. It would stl deliver gas, but wouldn't le how much. welling Ihc ranks of Ihe uncm- layed a n d shortening w o r k ccks for those still on the job. --And Ihc easy availability of rcdlt, which has encouraged nany people to borrow beyond heir ability tp repay. Financial experts say a con- nuatlon of the trend may lead tighter credit and higher in- erest rales. PAY ATTENTION Economists pay particularly lose attention to delinquency ales because they are consid- rcd an indicator of consumer enllment and the f u t u r e path [ the economy. 'Generally, a ise in delinquencies is accom- anlcd by a drop in consumer pending and occurs just before recession. TEXTBOOK CASE "What we're seeing is a clas- ic textbook ease," says Irwin Kellner, vice president of Manufacturers Hanover Trust 'a. Government figures s h o w ellnquency rales are r u n n i n g at a 20-year high, and this erves as an early w a r n i n g that onsumcr borrowing is getting iut of hand." Right now, the figures are worrisome, but not alarming mough for bankers and finance tompanies to push the panic mtton. And these lenders point iut Ibat only a fraction of delin- [uencies turn into bad loans, so ar past due they are written ff as uncolleclable. A survey by the American Bankers Association Indicates hat delinquency rates on con- jumer installment loans "rose substantially" during last No remher and December and ac counted for 2.53 per cent of all oans outstanding. This was the highest since the organization started the survey in 1963. The steepest climbs were recorded n recreational vehicle, mobile lome and subsidized home im rovement loans. DELINQUENCY RATE William F. Ford, chief econo mist for the association, says .he final two months of an year traditionally are marked 3y a rise in delinquency rate and that the 1973 climb may be ess serious than the number: indicate. But what is dislurbing, hi says, is that the amount o ake-home pay workers mus set aside to meet loan pay ments has increased so sharplv, it is approaching the dange point. "As a rule of thumo, no mon than 20 per cent of your take home pay. or disposable ir come, should be spent on meet ing debt payments." Ford says RATIO INCREASES "But the ratio of inslallmen debt to disposable income ha gone from three or four pe cent in World War II to mor than 17 per cent last year." Another lending group, th Mortgage Bankers Associatio of America, reports that record number of American fell behind in their home pay ments in the final quarter 1973. The association says til delinquency rate rose to 4.7 per cent of all residential mon gages, with late payments o federally subsidized housin rising lo a whopping 14.71 pe cent. John M. Wetmore, director o economics for the organization puts most of the blame on in flation, especially in the agr cultural area, which he say has forced people to spen some 20 per cent more on gro ceries. CONSUMER TROUBLE 'The consumer is in troubl because rising costs hav forced him lo suddenly rea range his budget and he's em ing up short at the end of Ih month," says Wetmore. "Ther used to be a clay when yo could juggle things and olfse higher beef costs by using poi or poultry. But this time, absc lutely everything has shot up. The problem is worst wher local economies have been h by the energy crisis. Household Finance Corp., Ih nation's biggest finance con pany. reports that its delii quency rate in Detroit has "in creased pronouncedly." An the mortgage bankers grou Newspaper Publishers To Hear Ford ' NEW YORK (AP) - Vice' Presidenl Gerald R. Ford is the keynote speaker for the annual meeting of The Associated Press. F o r (I is to ndrfrcss the -luncheon at the AP's annual membership meeting today for about 1,3110 newspaper and broadcast industry leaders at the Waldorf Astoria Hotel. The A m e r i c a n Newspaper Publishers Association also opens ils a n n u a l meeting al the hotel with a four-day agondn. The AP's board of directors, In an annual report released nl Ihe session, cited the news service's coverage of Ihe energy crisis, Walorgnle, Ihc Midcnsl w n r , and olher major stories In 1071 U said coverage of tho energy crisis provided Kront challenges bccmi.se hard statistics were scarce, and "pronouncements f r o m the government and oil industry sometimes rnlscd moro doubts I h n n they SOtllMl." "The AP responds! with n«- grcsslvc, thorough coverage, ' the bonnl said. "Under " special energy desk «Rt up In New York, tlio s t u f f directed much attention to llin pci-Klslonl questions In Hi" public's m i n d , " Tlin A N P A , In n scpnrnle rc- I poil, »nll Uierc worn 1,774 ' dnllles nt ycnr's end, Iho high- «st number nlnco 10-10. The publishers reported a, record combined daily circula- 1 lion of 63,147,280. Ihe ANPA said. Advertising revenues also hit a new high of $7,591,000,000. CRITICISM The ANPA criticized what it called a "growing barrage of challenges to First Amendment guarantees of press freedom." Unable lo win congressional approval for nbsolule protection, Ihe publishers endorsed n compromise now before Ihc House Judiciary Commillee that would shield newsmen except when "overriding public interest" required disclosure during a trial. An ANPA Inhor relations committee said the end of wage controls would make the newspaper industry's cosl struggle "much more difficult in 197'l," although continuing new technology should ease the problem. Tim AP report, surveying the year's major., news stories, noted thnl Initial reporting of the foilrlh Isrneli-Arnb war was hampered when reporters were barred f r o m the fiRlilliiK zones in Ihc flrsl few days. "AP Mideast, dispatches mid roundups rcporled wlmt each side said, m a k i n g plain t h n l Ihc conflicting claims could not be verified Independently," It said. Later, AP Special Corrc- spcimlenl Hugh M u l l i g a n was Ilia first, foreign correspondent to cross the Suez Canal with Israeli Iroops. A month a f t e r the war, Jurate Kazickas of New York obtained an exclusive interview with Libyan President Moammar K h a r i a f y after wangling a seat on an o f f i c i a l plane taking him lo Yugoslavia. FIRST STORY fn oilier coverage, Washing- Ion no-Women Michael Putyel and Brooks Jackson produced the firsl story on Ihe $2 million promise of Republican campaign conlribulions from the Associated Milk Producers Inc, The board also nolcd that AP was 13 hours ahead vvilli a report lhat t h e President had decided lo withhold the While House tapes from.Special Prosecutor Archibald Cox nnd the Senate Watergate Commillee. It called Ihe wire service's Watergate coverage, "sound, balanced reporting." AP Special Correspondent PC- ler Arnett was cilcd for his i n - formalive report on Vietnam's "non-peace." Arnclt won n Pulitzer Prize early in the wnr for his reporting in Vietnam, NcwsphotOR received n Ifl7.1 Pulitner Prize for n picture by Saigon staffer lluynh Cong Ut, showing two children fleeing n misdirected n n p n l m slrikc on Ihclr village. It was Ihe third PuliUer awarded to AP cmn orninen tor Vietnam wnr cnv- Cl'llgC. The board said Ihe AP enjoyed its grcalest year of expansion abroad in 1973. adding new subscribers in 53 countries. AP news and photos were available for the first time in Syria. MKMRERSIIIP AP membership at the end of the year was 3,I02 broadcast members and I,2fi5 newspapers, reflecting a net gain of 22 stations ami (i newspapers. AP-Dpw Jones, in its biggest expansion since it was founded seven years ago. was extended lo Hong Kong, Singapore, Hung a r y , S c o t l a n d a n d Luxembourg. The board said a prololypc model of Ihc Lascrphoto receiver was in operation at the year's end at the Plninfield, N.J., Courier-News. Tho Lascrphoto, announced Inst yonr. uses ft liiser beam for exposure light nnd simple heat for picture development. Tests began nt two newspapers in February, Ihe board snld, lo deliver the AP news report nt 1,050 words per minute through the computerized Dnln- slreani system. The AP members will vole for six new directors lo fill ex- nlring terms on the news service's IB-member bonrcl. Five of Ihe directors are to ho chosen from Iho general membership and one from city of fewer than 50.000 pop 1 lation. Nominated from the gencr, membership for the three - yea terms were James F. Chair hers Jr., Dallas Times Heralc William I I . Cowles 3rd. Sp kane, Wash., Spokesman-R view, Charles I-. Gould. Sa Francisco F.xarnincr; Kat arine Graham. Washingto Post; F.ngenc Patterson, St. P tersburg, Fla.. Times: Dani 11. Rider, Long Beach Prcs Telegram and Indcpcndcn Franklin D. Sebum Jr., Sou' Rend, Ind., Tribune; J. Kcl Sisk, Greenville. S.C.. Pic monl; Richard C. Stcelc, Wo ccslcr. Mass.. Telegram ai F.vening Gazelle, and Thoma Vnil, Cleveland Plain Dealer. Nominated for director fro: cities of fewer than SO.00 Opopi lalion were Charles S. Row Fredcrichsburg. Vn.. Fr Lance-Star, and Robcrl J While III. Mexico. Mo.. I.edge Sisk, Steelc and Vail are i cumbcnts. Headline speakers for 11 four-day ANPA meeting inchii Treasury Secretary William Simon; Anne Armstrong, cou sclor to Ihe President; Dona C. Alexander, commissioner the Internal Revenue Servic nnd Skylnb 3 astronauts Gcra P. Ciirr, Edward 0, Gibson ai W i l l i a m R. I'ogue. ys lhat Vermont, a lourisl-in- stry state hurt by lack of soline and poor skiing condi- ins, has the highest delin- lency rate in the nation -25 per cent. SEEDS SOWN The seeds of the current edit problems were sown in c IDCiJs when banks launched major effort to increase their insumer-lending activities, icy began massive unsolicited ailings of bank credit cards id started pitching to the low- -incomc people who tradition- ly had be.n customers of fiance companies, The cry was: uy now, pay later. Why were the banks so inter- ited in getting into small loons the little man instead of aking larger loans to busi- ess? The answer was bigger ofits. Consumer loan rales ·c higher than business loan lies a n d range from aboul ''A per cent for a new-car loan 13 per cent on bank credil ards. BANKS RELUCTANT Understandably, the banks re reluctant to attribute their tercsl in consumer loans to ic profil molivc and mainlain icy are pcrlorming a public ervice. Total consumer credit dou cd from $89 billion in 1965 t 180 billion last year "ant e've done our share," ac nowledged one banker who sked to remain anonymous Only we called it serving the eeds of consumers." "We were shoving It out the loor," admitted anolhcr. As increasing numbers of leoplc began to buy on credit, ncrcaslng numbers started lo miss monthly payments. "It's a simple matter of probability," says Ford. "The more people ;o into debt, the more exposure o delinquency is going lo increase." The casualties of the easy credit approach are people like George, the bank clerk, who now feels that the banks and finance companies encouraged lim to borrow far more than his ability to repay. ASSIGNS BLAME "I'll take 10 per cent of the blame, but they should take the rest," he says. "Because they never once said 'no' even though I was bumping my credit ceiling. Instead they kept offering me more." GO OVERBOARD The banks admit they may have gone overboard in soliciting new business but mainlain things have improved. Besides, says Ford, "we should not abuse the freedom of 100 per cent on account of the problems of 2% per cent." But some bankers are beginning to re-evaluate Iheir lend ing praclices in Ihe light ol higher delinquences, since delinquencies are cosily. First National City Bank, which reports that delin quencies and write-offs on unsecured personal loans have risen 13 per cent in the last year, is going to a point-system Jor rat- ng prospective borrowers. Tho system, which replaces a more- subjective personal approach to lending, was In tho vorks before the dellnuency igures came in, the bank says. Bui the statistics "are forcing rutra we always had, but had us to pay more attention to the rules we always had, but h a d et go by Ihe boards," adds an official. DELINQUENCIES Manufaclupers Hanover, another big New York bank, says its delinquencies are up close to 50 per cent and its bad loans up 40 per cent. But the bank thinks most of the rise is due to temporary unemployment and doesn't plan to tighten up on credit. Some lenders atlribute the 1 increase in late payments lo Ihe growing reslrictions on their colection techniques, s u c h a s repossessions and wage garnisheeing. They warn lhat, if their freedom to collect p a s t due payments continues to be eroded, they may be forced to turn away high-risk, low-income borrowers. Gerard A. Lareau, vice president of the nonprofil credit counseling service that is helping George P. get his finances in order, says there is no easy answer to the problem of credit and collection. "But I do know that someone has lo slop in because the banks and the loan companies don't have the impetus lo police themselves," he said. Volunteers May Hunt For 'Zebra' Killer SAN FRANCISCO (AP) -- fficials are considering calling n civilian volunleers lo man olice slations in order to free more officers for street duly in he intensive search for the 'Zebra" killers. Meanwhile, the American ;ivil Liberties Union planned to ile a class action suit today hallenging the new police pol- cy of slopping and searching raung black men thought to re- emble a police composite rawing of one of the killers, 'welve white persons have died n the 5-month-old series of un- rovoked altacks. San Francisco attorney Benamin James Jr. filed a similar uil in U.S. District Court last Friday, charging that the police descriptions and sketches are 'ague and unspecific. Police ;ay the man they seek is black, slender, about 6-feet and from 20 to 30 years old. A hearing on James' suit is scheduled Wednesday when city and police officials will be asked to show cause why the stop-and-search operalion is proper. At least 500 blacks have been questioned in the past few days, but the search has turned up no clues to the identity of the mysterious gunman or gunmen who have killed 12 whites and wounded six others since last November. The street shootings came withoul warning, provocation or motive, police said. A spokesman for Mayor Jo seph AHoto said citizens trained as auxiliary policemen may be called in to help man police stations but "they will not be taking part in the Zebra search." Alioto and police officials have defended the stop-and- search program as a necessary action in an extraordinary situation. Some black leaders and others say the frisks are a form of harassmcnl and violale constitutional guarantees against illegal search and seizure. No major incidenls have been reported as a result of .the questioning. Police leaders said nearly all the men stopped have been un- derslanding and cooperative, but the National Association for the Advancement of Colored People said it has received "hundreds of complaints" from blacks who felt they had been harassed. The young men stopped by police have been given "Zebra" cards tn carry as proof they already have been checked. The case was given the code name "Zebra" because thai ;s Ihe designation for the radio channel used to communicate with officers assigned lo it. A YEAR OF INTERNATIONAL CONFLICT The Arab-Israeli war, the Chilean coup, f he fighting in Northern Ireland and the uneasy Vietnam peace are among the many international conflicts.covered in exciting words and" photos in "THE WORLD IN 1973," along with the domestic news events lhat .hoped our lives Dramatic and realistic, this exciting book belongs in every home and library At $4.95, it s a bargain you can't match. Order your copy now while the supply lasts! THE WORLD IN 1973 Fayetteville Northwest Arkansas TIMES P.O.B/66 POUGHKEEPSIE, N.Y. 12601 _ Please send Arkatiaaa ffitmra Enclosed is $-copies of The World in 1973 at $4.95 each to Name Address City and Stale ZfpNo. Send gift certificate to Name . Addtess. City and Stale Zip No.. I would also like lo order; The Worfd In 196S ($3) __; Tho World In 196S (t3) _; The World In 1S87 ($3.50) ; The World In 1668 ($3.50) _; The World In 1971 ($4.95) --; The World In 1372 ($4.95) _; Triumph and Tragedy: Tho Story oflho Kennedys ($3) _; Tho Torch Is Passed ($2) ; Bsenhowen A Gaugo ol Greatness ($3) _; How to Get Into CoUego ($1) __; Footprints on trio Moon ($5) __; Where DM Your Money Go? ($1) _; A Century of Sports ($5.9S) _; Enclosed Is $ «MWfoMf tor the books checked »bovf. AMow four weeks tor detoeiy. M»i(« Chcok« Payable To Tho Awociatcd Prc«t

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