Newspaper Page Text
J. B. Stoner claims he was offered $25,000 to have Dr. King killed
ATLANTA (AP) — White su- FBI agent and an Alabama
premacist J.B. Stoner claims an policeman offered him $25,000
Kissinger honored
UNITED NATIONS, N.Y. (AP) - Former U.S.
Secretary of State Henry Kissinger has been given the
Grand Cross of the Federal Order of Merit, West Ger
many’s highest award for foreign officials.
West German Foreign Minister Hans-Dietrich Gen
scher said the award was given in recognition of
Kissinger’s contribution to fostering “the very close
relations and cooperation existing between the two gov
ernments” of West Germany and the United States.
Genscher presented the award to Kissinger on Tuesday.
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to have the Rev. Dr. Martin
Luther King Jr. shot to death.
And, if he is taken to Alabama
to face bombing charges, the
two will kill him, Stoner said in
an interview Tuesday.
The agent and the Birming
ham policeman also offered him
$2,000 to bomb an Alabama
church, Stoner said.
A Birmingham grand jury
has indicted the Marietta attor
ney in connection with the 1958
bombing of the Bethel Baptist
Church, reliable sources in Ala
bama said Monday.
The same grand jury indicted
Robert Edward Chambliss of
Birmingham on murder
charges in the deaths of four
black girls in another church
bombing in 1963.
Chambliss was in an Alabama
jail Tuesday.
Stoner denied any in
volvement in any bombing, say
ing: “I had nothing to do with it.
I’m not guilty.”
The investigation, Stoner
charged, is a publicity stunt by
Alabama Atty. Gen. William J.
Baxley to get the black vote in
his bid to become governor.
Stoner also said it was an at
tempt to discredit his States
Rights Party.
Stoner said that if he is ar
rested on the Alabama in-
dictment, he will fight extra
dition because “I might be
murdered when I get to jail.”
He said he also will file a habeas
corpus petition naming the two
officers.
“The FBI agent offered me
$25,000 to arrange for the killing
of Martin Luther King” Jr.,
Stoner said. “This was about
1957, when he was living in Ala
bama, before he came back to
Atlanta.”
The agent “insisted that I find
a good marksman to kill King —
they wanted it done by rifle,” he
said.
King was pastor of a church in
Montgomery at that time.
Page 13
— Griffin Daily News Wednesday, September 28, 1977
The church Stoner reportedly
is accused of bombing was pas
tored by the Rev. Fred Shut
tlesworth, president of the Ala
bama Christian Movement for
Human Rights and a leader of
black civil rights demonstra
tions.
The FBI agent and a Bir
mingham police undercover
agent “either asked me to bomb
Shuttlesworth’s church or find
somebody who would do it,”
Stoner said. “They offered me
$2,000 to do it."
Stoner said he had figured out
that the man was an FBI agent
and his belief was confirmed
when he saw an FBI report
given to the Alabama state
patrol.
“I know he was an FBI agent
because I saw a report the FBI
had on me,” Stoner said. “It
had all kinds of information
from their informants and pin
ned this man down completely.
I had already figured him out.,
though.
“I knew he was in cahoots
with a Birmingham detective,”
Stoner said.
“I told the news media in 1969,
when I was working on the
James Earl Ray case, that an
FBI man had tried to get me to
kill King, but the media ignored
it,” Stoner said.
Ray is serving a prison term
for the murder of King, who was
shot to death in Memphis,
Tenn., in 1968.
Banking
laws
pushed
By W. DALE NELSON
Associated Press Writer
WASHINGTON (AP) -
Spurred by the disclosures that
led to Bert Lance’s resignation,
members of a Senate com
mittee are pushing for laws to
keep bankers from giving their
fellow insiders privileges de
nied other customers.
“I think the public has a cor
rect impression that basically
there are two sets of rules,”
Sen. Donald W. Riegle, DMich.,
told several bankers at a
hearing by the Senate Banking
Committee Tuesday.
The three-day hearing is con
cluding today with testimony by
John Evans, head of the
Securities and Exchange Com
mission, and representatives of
two banking associations.
Although loanee resigned as
budget director a week ago, he
continues to be the focus of most
questions committe members
direct at witnesses.
Three bank officials denied
Tuesday that they give prefer
ential treatment to insiders of
the banking world and, specific
ally, that Lance received any
special treatment.
The committee chairman,
Sen. William Proxmire, D-Wis.,
and several other committee
members indicated they favor
having interest paid on the cor
respondent accounts, but the
bankers generally said they
would favor this only if interest
were also to be paid on demand
deposits placed by corporations
other than banks.
Many small banks maintain
such correspondent accounts in
larger banks, often in distant
cities. Instead of paying interest
on the accounts, the larger bank
provides specialized services to
its customer.
Ex-Decatur
mayor
indicted
ATLANTA (AP) - A Fulton
County grand jury has indicted a
former mayor of Decatur and a
former chairman of the Ogle
thorpe University board of
trustees on charges of violating
the disclosure and registration
provisions of the Georgia Secu
rities Act.
Former Decatur mayor Wil
liam “Jack” Hamilton and John
C. Spencer were named
Tuesday in a 12-count in
dictment which charged them
with misleading a number of
institutional and private in
vestors by failing to disclose
important financial information
about investments totaling sev
eral hundred thousand dollars.
According to the indictment,
the principal institutional vic
tims of the alleged fraud were
the Synod of the Southeast-
Presbyterian Church of the
United States; Georgia Presby
terian Homes; Presbyterian
College of Clinton, S.C.; Tift
College of Forsyth, Ga.; Ogle
thorpe University of Atlanta,
and Villa International, a Pres
byterian-affiliated facility near
Emory University which serves
foreign exchange students.
A “conservative” estimate of
the loss to the institutional in
vestors, according to Asst. Atty.
Gen. Andrew Ekonomou,
“would be in the neighborhood
of $350,000 to $400,000.”
According to the indictment,
Hamilton and Simpson sold
short-term, interest-bearing
bonds from April 1, 1974, to
February 1975 without telling
investors that their investment
company had suffered a $700,-
000 operating loss in 1973.
In addition, they are charged
with failing to disclose that
nearly all of their company’s
assets were tied up as collateral
for bank loans used to pay off
old notes.
Their company, the Roy D.
Warren Realty Co., was de
clared bankrupt in February
1975. A trustee since has been
appointed by the federal bank
ruptcy court in Atlanta to su
pervise the handling of about
$2.5 million in claims against
the company.