Newspaper Page Text
Parker acted alone
(Continued from page one.)
Lamar State Bank in Barnesville, the
hearing was told.
An additional S6OO in cash was used to
purchase stock for Mrs. Belvey Perry,
Parker’s secretary, testimony in
dicated.
She testified earlier that Parker had
given her the stock for work she per
formed in connection with the Lamar
State Bank.
Mr. Bruner stated that of the 34 in
stallment payments made on the Pruett
loan, at least 32 of them came from
irregular sources.
FDIC records show the corporation is
owned by Arthur Forrer, Louis Gold
stein and C. T. Parker. Bank records do
not include Parker’s name, however.
Loses on other loans, the hearing was
told, include those to ADN Corp; Two-
The balance due on the Pruett loan is
$62,329, Bruner said. However, bank
loses, including interest, amount to
$170,413, he said.
Losses on an FGS Enterprises Inc.
loan amount of $131,116.99, it was
shown.
Bacon making comeback?
WASHINGTON (UPI) - Gov
ernment inspectors have found that the
concentration of a preservative
believed to pose a cancer threat is
declining in bacon.
“Our intention certainly is to get rid
of it altogether," Dr. Harry C.
Mussman, associate director of the
animal plant health inspection service
of the Department of Agriculture, said
Wednesday.
Processors realize they do not have to
use as much sodium nitrite and sodium
nitrate as they had been using to make
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Dozen Realty Developers, Inc.; and to
Van Eugene Carroll.
Checks earned by the bank for
commissions on the sale of credit life
insurance were diverted to Parker’s
personal use, testimony revealed.
The Metropolitan Life Insurance Co.,
checks were traced to pay off a loan of
Parker’s at Fulton National Bank in
Atlanta and to make installment
payments on the loan of E. P. Pruett
Some of the money also covered an
overdraft on an ADN Corp, account,
controlled by Parker, the hearing was
told.
Records showed that as early as 1967,
Parker used money from Metropolitan
Life Insurance Co. toward the purchase
of stock for himself from Merill Lynch
Finner and Smith, brokers.
Other checks payable to the bank but
not received were from Griffin Federal
Savings and Loan Asso., G. N.
Sprayberry, and Beck-Goddard Owen,
Squires and Murry.
Their total loss, including interest, is
expected to be more than $163,000,
records show.
bacon that will not spoil, Mussman
said. The two agents are used as
preservatives but scientists fear that
they form nitrosamines, a suspected
cancer causing agent.
The government has given the meat
processing industry a year to find away
to make products free of nitrosamines.
Mussman said Wednesday Food and
Drug Administration experts recently
reported finding fewer parts of
nitrosamines in bacon sold at retail
levels.
Double
deficit
looms
ATLANTA (UPI) - The
Georgia Supreme Court ruling
ordering reinstatment of state
university instructor pay raises
and budget cuts ordered by
Gov. George Busbee have
created a “double deficit”
financial crisis for the Board of
Regents.
The regents Wednesday or
dered “a thorough review of all
budgets within the system” to
determine how to keep all 32
state universities running with
out any layoffs. Cited as major
reasons for the crisis were
Busbee’s |3 million cut in
university operating budgets
and the reinstatment of 111.5
million in professor pay raises.
“The result of these actions
means that a total of $14.5
million is required to be
returned to the state treasury
and to be paid in salary and
wage increases,” the board
said in a statement.
“The serious nature of this
situation is further emphasized
by two factors. First, we are
already operating under a cut
in general operations of over |5
million voted by the special
session of the General Assem
bly last summer.
“Second, enrollment in the
university system increased by
more than 13,000 students this
year,” said the statement.
“This increase was substantial
ly above budget estimates; the
system thus began this school
year in a double-deficit situa
tion as far as funding for
students was concerned.”
Immediate cuts in all opera
tions will be ordered at state
colleges to make up the $14.5
billion shortfall in the regents’
present |270 million budget.
Busbee has refused to exclude
the university system from 3.5
per cent across-the-board budg
et cuts he ordered last
Thursday — the same day the
Supreme Court ordered rein
statment of the pay raises.
Duane Riner, Busbee’s press
secretary, Wednesday said all
the agencies had complied with
the governor’s request for
budget cuts with proposals that
will reduce the state budget by
|3O million. Busbee said he
wants the budget reduced by a
total of |57 million.
Riner said Busbee was
“extremely pleased with the
responsiveness of the depart
ments. They recognize the
crunch and are not being
selfish in trying to hold off the
inevitable."
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Weighty matter
ATLANTA—What’s powder blue and weighs in at 55 pounds? Couldn’t be anything except
barbells designed specifically for women’s use and pretty Georgia State University student
Edie Wightwick uses some of the new equipment. Use of the weights will not build “Charles
Atlas” muscles on the women, but will reduce or build up “neglected parts of the body’’
such as the abdomen and underside of the arm. (UPI)
Or ‘ ■ S
Randall & Blakely, Inc
1000 W. Taylor St., Griffin, Ga.
Page 5
— Griffin Daily News Thursday, December 11,1975
Three arrested
for extortion
DETROIT (UPI) - The FBI
arrested three men Wednesday
on charges of extortion in the
abduction a week ago of an
assistant bank manager, but
authorities said they do not
know the kidnap victim’s
whereabouts or even if he is
alive.
All three men were arraigned
Wednesday night, two of them
in Columbus, Ohio, and ordered
jailed on bonds totaling
$700,000.
The FBI said an intensive
search is underway for the
kidnap victim, James J. Craw
ford Jr., 25, an assistant
manager at a National Bank of
Detroit branch.
Crawford, a Grosse Pointe
bachelor, was seized outside his
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bank office early last Friday.
Later, the bank said it received
calls demanding $250,000 ran
som for his return.
Authorities identified the
three suspects as William
Nabozny, 38, and Chester S.
Wysocki, 36, both of Dearborn,
in suburban Detroit, and John
S. Garsides, 39, of Columbus.
All were charged with extor
tion under the Hobbs Act.
Wysocki was held on $500,000
bond in Detroit while the other
two men were held in Columbus
on SIOO,OOO bond each.
The FBI did not say what led
them to the trio except to say
some information came from
Crawford’s fellow bank em
ployes.