The Key West Citizen Newspaper, November 26, 1952, Page 7

NEW MEMP“RS WILL BE RECEIVED AT MEETING A group of new membe-:s will be received tonight at the regu- | Wednesday, Nevamber 26, 1952 THE KEY WEST CITIZEN Page? UNIDENTIFIED PCISON | SHRIMPING IS (Continued from Page One) | (Continued From Page One) Gould Higgs; and a sister, Mrs, | have been “very few” violations of R. C. Courses For | |Rexeat Danial Instructors End | Eisenhower Says More High Positions In Government Will Be Given To Women By RELMAN MORIN NEW YORK (#—President-elect | Dwight D. Eisenhower neared the | end of his designations for top- | level government offices today, | declaring that more high positions | will be assigned to women admin- | istrators. He has named the seventh mem- | ber of the normally nine-man cab- | inet. And along with that designation, | he announced yesterday that he | will propose the names of two} women—Mrs. Oveta Culp Hobby of | Houston, Tex., and Mrs. Ivy Baker | Priest of Bountiful, Utah — for | administrative offices in the gov- ernment he is forming. Mrs. Hobby was named tc head | the Federal Security Agency and | Mrs. Priest as treasurer of the United States. | These, he said in a formal an-| nouncement, are “‘the first of other Mrs. Rosenberg is assistant sec- retary of defense in charge of man- power. She has been in the war zone within the past two weeks. Her name on Eisenhower's list of visitors gave rise tc speculation that she might be one of the wom- en he has in mind for the “other appointments.” His aides lowever, said they have no information about the reason for the confer- ence. Nor was there any indication today when Eisenhowe: himself would leave on his trip to Korea. Security measures are covering all details of his departure from New York. Meanwhile, one of Eisenhower's cabinet designations brought a blast of criticism from Col. Robert R. McCormick, editor and publish- er of the Chicago Tribune. Speaking last night in New Haven, Conn., before the Yale Po- appointments of women in the com- p ing administration.” |Cormick attacked the selection of The designation for the cabinet | John Foster Dulles as the next was Arthur E. Summerfield of|secretary of state. McCormick Flint, Mich., for postmaster gen-/|said of him: ; eral. Summerfield is chairman of| “Dulles belongs to the million- the Republican National Commit-| aire socialist crowd who would put tee. | European interest before American Only two cabinet posts now re-/ interests, a policy to which Eisen- | litical Union, a student group, Mc- | main: the secretaries of commerce and labor. There has been no indi- eation at the general’s headquar- ters as to his choices. He has an appointment today with Gov. Theodore R. McKeldin of Maryland, one of his early back- ers in the fight for the presidency and the man who nominated him for the office at the GOP conven- tion in July. There has been speculation that | McKeldin may get one of the two remaining: cabinet positions. The governor, however, said yesterday his appointment with Eisenhower is only a friendly call aad has no other significance. Eisenhower also called in today an official who can tell him a good deal about Korea — Mrs. Anna Rosenberg. |hower seems to have been attract- led by his command of armies.” The appointment will cause trou- |ble in the Republican party, Mc- Cormick said. | “This presages a split between | Eisenhower and a large majority of Republicans,” McCormick said. \“How we shall go from here no- |body can know.” Eisenhower’s own nomination as |the GOP candidate, the publisher | continued, was the result of cleav- | ages within the party. He said, “A {queer assortment of millionaire | socialists in the East brought about the nomination of Eisenhow- ler by sharp practice which caused |great defection.” McCormick in the New Haven speech also mentioned for the first time since the election his thoughts on a third party. The publisher, a life-long Republican, advocated such a third party before the elec- tion but his Chicago Tribune in the later stages of the campaign endorsed Eisenhower ‘with reluc- tance.” “Advocates of a third party this | year were embarrassed for lack of a candidate,” McCormick said. **... If a third party is to be formed it will have to be formed before the (next) conventions, and a can- didate will have to be found who can accept defeat in 1956. . . with the idea of having a victorious party in 1960...” The Chicago Tribune supported Sen. Robert A. Taft of Ohio for the GOP nomination. In a statement accompanying his announcements about Mrs. Hobby and Mrs. Priest, Eisenhow- er called them “outstanding wom- en.” He said, “I am honored to| have them participate in the af- fairs of the government of the United States.” The Federal Security Agency directs government social and wel- fare work. Eisenhower described it as a “virtually important position.” In view of its importance, he said, Mrs. Hobby will be asked to at- tend cabinet meetings although the post does not now have cabinet rank. Both Mrs. Hobby and Mrs. Priest are 47 years old. Mrs. Hobby has two children, Mrs. Priest three. Mrs. Hobby served some six years in the Texas House of Legis- lature as parliamentarian. She filled various editorial and execu- tive offices on the Houston Post and became its editor and publish- er last month. During World War | II, she was head of the Women’s | Army Corps with the rank of colonel. Mrs. Priest said her interest in politics dates back to childhood. She has been a Republican national committeewoman from Utah since 1944, DEATH ARTHUR JOSEPH STEWART, JR. Arthur Joseph Stewart, Jr., 40, native Key Wester, died in Tampa Sunday following a long illness. He was a veteran of World War Il. Burial will be in Tampa Fridey morning at 10:30. Seivices are in charge of Blount Funderal Home in Tampa. ~ 4 The members of the family who live in Key West will leave Thurs- day morning to go to Tampa to attend the funeral. Survivors include the wife, Mrs. Oddessa Stewart; one brother, Richard Stewart of Key West, and four sisters, Mrs. Florence Smith, Key West, Mrs. Marion Jones and Miss Lillian Stewart, both of Co- lumbus, Ohio, and Mrs. Anita Gra- dy, Abington, Mass. The famed pony express which carried mail to and: from Cali fornia lasted only 16 months, starting in 1860. LONG DISTANCE CAuLS e, CALL BY NUMBER Give the operator the out- of-town telephone number whenever you can. Then she doesn't have to call “Infor- mation” in the distant city, and your call goes through faster. SOUTHERN BELL TELEPHONE AND TELEGRAPH COMPANY Finds Money In Marketing (Oil Stocks By ARTHUR EDSON WASHINGTON —An oil lease buyer has told the Security and Ex- change Commission that within a seven-month period he made al- most a million dollars on a thou- sand-dollar investment — and that he has prospects of making plenty more, The story came out in 9 pros- |pectus filed with the commission yesterday by Canadian Prospects, Ltd., of Calgary, Alta., which ;wants to sell 303,595 common shares in this country, “The shares arc speculative securities,” the prospectus says. | It then tells why, in 20-figure-filled pages, The company was started in May, 1950, by Wilbur L. Grif- fith, He still is its president. The prospectus says he formerly was in the oil brokerage business in Mt.Vernon, Ill., and that in 1950 he opened a similar business in Denver, At the time the company was founded, the commission we:: told, it had 1,000 shares, valued at $1 each, Griffith and his sister Mil- ired owned 966 of them. The company specialized in buy- ing and selling oil leases, and apparently business was good On Jan. 31, 1951, the company {came up with 315,000 shares, at no par value. Griffith sold 95,000 of these to New York underwriters at $10 a share, or for $950,000. Shortly afterwards, the stock was | split three ways. But still, the | Prospectus said, ‘“‘common shares ‘have been traded at a range of 6 flow and 7 high.” As near as can be told from the Prospectus, Griffith still has { around a half million shares in |this company that started out as ja thousand-dollar investment. If | that's true, and the stock is selling | for $6, he around three million | dollars of stock left | And what are the assets? | The prospectus says the company holds leases on almost five mn acres of land scattered fr North and South Dakota on ‘through Western Canada } The prospectus, which ca cdidly | admits i all speculative, is can- | he oil leases too 1 on unproven land. now r it SEC bas three weeks in decide whether or not to Canadian Prospects, Ltd., to peddle its stock. | MINK SEASON OPENS |IN RED SIBERIA | LONDON w — The Communist ing season has started st Siberia just north of ian border, Mc South Korean Is Wizard Of — The Stock Market In Japan By FRED SAITO TOKYO (# — The wizard of the booming Japanese stock market | is a 37-year-old South Korean who started without a penny of his own in 1945 and now speculates with some 10 million dollars entrusted to him by millions of clients. His personal fortune is a secret but Matsutomi Ito’s lavish way of life is in marked contrast to more than 600,000 other Koreans in Japan. Most of them are pov- erty-stricken day laborers, looked upon as second-class citizens. Ito now heads a private stock investment fund with 180 branches | throughout the country. The power- ful Honganji Buddhist secd with some 10 million followers is one of his best customers. Japanese brokers look with awe upon this slight young man who adopted a Japanese name and is now a anturalized citizen. ¥ Ito was in the same poor fix as his fellow countrymen in Japan until shortly after World War II. He came to Japan in 1928. He was only 13 when he came to live with his brother, a factory worker now missing in Korea. Now he is one of Japan's richest men. He lives in a palace-sized house and travels in a limousine driven by a chauffeur. After the war Ito borrowed mon- ey and headed for the countryside to buy food and bring it to starv- ing Tokyo. “It was a strenuous business but rewarded with 100 per cent profit | in the chaotic days when many | |faced starvation,” Ito told an in-! terviewer, Ito turned away from his fellow Koreans and set about massing money, “| have the friends in the Ko- rean community and don’t seek them,” he said. With funds gained from his food dealings, Ito started a stock brok- erage business in Tokyo's East End slum district in 1948. He proved a genius at figuring the twistings and turnings of Ja- Pan's bouncing market. He bor- rowed money from investors and speculated on his own, dividing the Profits later, The Japanese stock market ri- | vals the wildest ever seen in the United States, The average of 225 issues on the market recently advanced from 167 yen, early in January, to 329 yeu on Noy. 10. One Japanese camera firm's stock shot up from 165 yen to 415 yen in two weeks. | Ito learned to call the turn and rode the market to a fortune. He's still at it with no sign of weaken ing in bis speculations. His firm is known as the “Hozen Keizaikai.” Transiated that means —despite its way of operation— | “Safe Economy Club.”* pony Pegg today in a dispatch | from city of Vladivostok, on | the Sea of Japan. The valuable fur-bearing animals were brought to tha years ago were suc Of Scrapping Price Control | WASHINGTON (P- White Hous¢ denial that President Truman plan to scrap price-wage controls was underscored today by « report thal administration officials are consid ering a proposal to strengthen ant extend controls authority. The White House late yesterday discounted a report from Sen. Ma} bank (D-SC) that he had inform: tion Truman might end price an wage controls before Congress con venes Jan. 3. A spokesman said the President who can kill such controls by exe cutive order, has no such plans Shortly after the denial it was reported that Economic Stabilizer Roger L. Putnam has recommend ed a 14-month extension of price, wage and rent control authority from the April 30, 1953, deadline wage and reni control authority from the April 30, 1953, deadline to June 30, 1954. Putnam, however, was described as feeling the power might not be used that long. Mobilization officials said Put- nam handed his recommendations some days ago to Defense Mobili zation Director Henry H. Fowler, | whose wrapup of recommendations for new legislation is now being readied for the White House. Oil Leak Forces Eden Plane Back | LONDON (#—An oil leak forced the plane bringing British Foreign Secretary Anthony Eden and Aus- tralian Prime Minister Robert G. | Menzies from New York to London | to return last night to Gander, New- | foundland. ‘ British Overseas Airways offic- | ials said the flight, originally due here at 9:45 a. m. (4:45 a. m./ EST), now was expected in late | afternoon. | ORDINANCE NO. 377 COMMISSION SERIES | AN ORDINANCE DECLARING] THE INTENTION OF THE CITY COMMISSION OF THE CITY OF! KEY WEST, FLORIDA, TO CON- SIDER AN EXTENSION OF THE FRANCHISE OR RIGHT GRANT.-| ED TO THE KEY WEST GAS) COMPANY TO OPERATE A GAS DISTRIBUTION SYSTEM IN SAID CITY; AND PROVIDING WHEN ORDINANCE GOES INTO EF- FECT. | WHEREAS, Ordinance No. 431,! Council Series, of the Ordinances of The City of Key West, Florida, or- dained by the City Council of said City on the 16th day of February,} 1943, granted to the Key West Gas) Company a franchise for a period of 20 years from said date to oper- ate a gas distribution system in| said City, and | WHEREAS, the said Key West Gas Company now seeks financing to make improvements to its dis- tribution system in this City and throughout the County, and as a condition precedent to granting such loan, the loaning company is requiring of the Key West Gas Company that its franchise in The City of Key West, Florida be ex- tended so that the maturity date| Shows him how many studerts are| _ of the proposed loan will not ex.| 20t understanding him. If the num- | Frank; bi tend beyond the expiration date the franchise granted by this Cit: and | WHEREAS, this Commission feels that the people of this City may reap bencfits from such im provements contemplated by the Key West Gas Company, and that such extension of franchise is ad- visable, and WHEREAS, tn accordance with Section 2, Article I, Chapter 10 of the Charter of The City of Key West, Florida, this Commission, by unanimous vote, does hereby de- clare its intention of considering an extension of said franchise, Now, Therefore, Be it enacted by the City Com mission of The City of Key West Florida: Section 1. It fs hereby declared the intention of this Commission to consider a nine-year extension of the right or franchise granted to the Key West Gas Company by Or- dinance No. 431, ordained by the City Council of said City on the 16th day of February, 1943, gr: ing to said company the right to operate a gas distribution system in said City. Said extension shall be granted subject to all provisions, regulations and requirements es tablished by said Ordinance No 431, Council Series, as amende Section 2. This Ordinance sh fo into e at passage cation siding ] aut by the signature of the officer and the Clerk sion, and publication th a newspaper of &¢ 2 published at Wes of Key t Atte: lar meeting of Arthur Sawyer Post American Legion at the Post lome on Stock Isla A RAG The organization will also consi- | jer other important business John son said, ; | Ammo Cars Blow Jp In France CHALONS SUR MARNE, France ?—Three carloads of ammunition bound for American forces in Ger many exploded in a railway switch- ing yard near here today. No one was injured. U. S. Army officers said they could not comment on the possibility of sabotage until ordnance investigators make a re- port. Chalons Sur Marne, 100 miles east of Paris, is on a main East- West railway line. | U. S. Army communications zones headquarters in Orleans said one carload of a 12-car ammunition {train exploded, setting fire to two | other carloads as the train was jrolling towards Germany. The ammunition was being trans- ported from the U. S. Army ad- vance communications zone in the La Rochelle-Bordeaux region of southwestern France tu U. S. Army and air bases in Western Germany Would-Be Farmer Is Steel Head PITTSBURGH (® — Clifford F Hood, 58, who says he would be an Illinois farmer but for the per- | |suasion of a young engineering friend, will become president of the world’s largest steel-producing company Jan. 1. United States Steel Corp.’s Board of Directors elected Hood to the top post yesterday at a meeting in | New York. He is now executive vice president in charge of produc- tion of the subsidiary United States Steel Company. Hood succeeds Benjamin F. Fair- less, who will continued as chair- man of the board and chief execu- tive officer of U. S. Steel Corp. The parent U. S. Steel COrp. will become an operating company the first of the year when U. S. Steel Company is merged with it. The new president was born on a farm near Monmouth, Ill. A young engineer got him interested in industrial work, he says, or he ering a proposal to strengthen and extend controls authority. The White House late yesterday discounted a report from Sen. May- young engineer got him interested in industrial work, he says, or he would still. be working on his father’s farm. Push-Button Learning KNOXVILLE, Tenn. (® — Push- button learning has come to the University of Tennessee with ex- perimental use of a meter to mea- sure lecture reception in the Col- lege of Engineering. It works like this: When a student fails to get point in the professor's lecture, he pushes a button that works an electronic device. A meter on the professor’s des! er is large, he can back up and try again. Petroleum made entirely of hydregen and carbon. a} | Marjorie Howard of Miami. ‘With 15) Passing Funeral services will be held Last week the Water Safety and j this afternoon at 4:30 p. m. in the First Aid Instructor's courses given Chapel of the Pritchard Funeral by the Key West Chapter of the |Home with the Rev. Eldon Sim- American Red Cross under the |™ons of the Ley Memorial Metho- direction of Robert Zubrod of the | dist Church officiating. American National Red — Cross | came to an end with 7 passing | TURKEY FOR eh ern Water Safety | (Continued from Paze One) The swimming classes were in| Harris, Truman, Reynolds and session nightly at the Seaplane | Coral Shores. : Base pool, the week of November | Tomorrow most of them will be 3, while the First Aid lessons were | Sitting down to laden tables with given the week of November 17/ their families. They are free of in the First Methodist Church An- | Classes tomorrow and Friday. nex. During the closing sessions Some teachers and students are movies were shown to the com- taking advantage of the four-day bined group on Water Safety and | Weekend to take trips to First Aid. Instructor’s Certificates Havana and elsewhere. are being presented to the mem-| Turkey from the U. S. Govern- bers completing the examination | ment arrived in Key West yester- by Tony Martinez, the chapter’s | day, but that was not in time to Safety Service chairman. prepare for today’s school feast. The new instructors are ready to teach, therefore anyone interest jed in Water Safety or First Aid | | are requested to contact the chap- ter in person, or telephone 286 for futher information for enrolling in a Safety Service Class. | Those receiving instructor’s cer- | tificates in Water Safety are: Mary Degtoff, Thomas Ketchings, | Leonard Curry, Kenneth R. Simp- | son, Mary Simpson, Helen Taylor | and John Hargash | First Aid Certificates presented to H. Darnell FT. PIERCE MYSTERY (Continuec from Page One) mystery of the latest violent death to occur on the Keys. that Klug could not have shot himself because there were no powder burns or singed ed. will be| The scene of the killing showed Carey, |no signs of violent struggle. Only Leonard Curry, Mary Degtoff,|a woman’s heel print showed the | Mary Simpson, Helen Taylor, Eula | presence of someone near | the | Fritz, Louise Claywell, and Ken- | body. The saddle bags of tie ex- | neth Simpson. pensive new Indian motorcycle ee were off into the water. Klug’s DEFENDANT IN wallet was removed, and so were (Continued From Page One) | the license tags from his cycle, | 2 : indicating that the person wi! court. The damage suit was filed a short time later. him had time and presence of z Z mind to attempt to cover up Klug’s | The City has denied any res-| identity by taking them away. ponsibility in the case, claiming Hastiness is indicated, however, | that Maribona acted outside of his | py the careless throwing of Klug’s duties. identification card into shallow $15,000 GOAL (Continued From Page One) man, may have been unfamiliar his workers that future pep sessions Dot only with the shallowness of |would be held before the drive | most Keys water, but with the gets officially under way. jaction of the tides. Another ques- Attending the luncheon meeting |tion that must be answered is were: Rev. Ralph Rogers, chapter | Why a killer would use Klug’s own |chairman; Dr. Delio Cobo, Glea-| gun, registered in his name in json Snow, Eugene Anheir, Dr. | Miami. | Allen Sheppard, Kermit Lewin, Miami, | | | | | on his head where the bullet enter- | water, The person who did these | things after the death of the young | | state laws governing the taking of \erawfish. Under the regulations, crawfishing is prohibited from ; within one mile of U. S. Highway | No. 1. The season runs from July 20 to | March 2ist. | Good catches of mackerel, snap- | per, grouper and other commercial fish are reported by dealers here. Again, the weather is the key to the situation. One spokesman pre- dicted that Key West, with good | weather for the next two months | will enjoy the greatest commercial fishing boom in its history. EL PASACE RESTAURANT 1005 Truman Ave. | Complete Roast | Pork and Roast Turkey Dinner $1.50 The expert opinion may or may | not confirm present statements | LET’S TALK TURKEY | LOGUN'S A Dream of a Thanksgiving Feast from 12 Noon to 12 Midnight $2.75 PLUS A GREAT SHOW Starring the KOPPY KATZ TWO DANCE BANDS For Reservations Tel. 870 Fred Edwards, Earl R. Adams, Jack Muri Prof. Albert Carey |Claude Speas, Melvin Adams {Louis Carbonell, Mrs. Ida Gell- | jrich, Dario Garcia, Isadore Wein- | traub, Mrs. Carola Nettles, secre- tary, and Albert J. Mills, DUFFY'S PRE-SCHOOL HEADS (Continued from Page One) jordinated for the benefit of first | graders in each school. All first grade teachers of city elementary schools attended. Prin- cipals and supervisory staff also at- | tended. TAVERN 218 DUVAL ST. 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