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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (Nov. 6, 1963)
PAGE 2A Defendant Called 'Insurance Eccentric1 MINNEAPOLIS UPI - Ec centric Is the word for Tilmer Eugene Thompson. Regarding insurance, that is. In the middle of the little criminal lawyer's trial for the murder of his wife Tuesday, while the state was piling up evidence the defendant had amassed $1,B5.000 in life Insur ance on his wife in II months prior to her bludgeon-knife slay ing, the defense asked an in casting question. "Would you say that Gene was an eccentric regarding in surance of all kinds?" Defense attorney Hyam Segell asked an agent who had procured $700,000 in life insurance for Thompson in little over a month. "Yes," said the witness, Starts THURSDAY! vanHEFLIN "i" MORENO JAMES MacARTHUR 17 I 1 U" III LlJ- ' MMmM I At HIGH NOON 01 BLOOD ON THE MOON... he was the T. (85 I "-JE L'...a ROD GAMERONLELAUREN ROD LAUREN, tho wild kid th Hawk winttd to limit ' llggT.TlTl Starts THURSDAY! (3DU0pJfl00i yi face an unknown ' of adventure with 'tfj 200 miles of Canadian wilderness . i'iv between them and tneir resi-sei' LUATH tlx Uinta KitnttH Emile GENEST-Sandra taw! Th Walt Disney - 7, fi "tr eJneredible MNnMmillll ihmkJIHSIlCII kMoJIulMlCil TFrUMirAI OR 1 o Admission Thit Engagement Kid (Und.r 12) 50c Gen. Adm. $1.00 iuoCK HERALD AND James Richard Treanor, a com missioned agent for Travelers Insurance Co. He was the fourth prosecution witness, called during the second day of testimony. Then, on cross examination, Treanor began elaborating on the 35-year-old Thompson's pur chases. He had $100,000 liability insur ance on his home for things like tripping on rugs at time when $10,000 was considered normal and $50,000 way up there. Extensive Auto Insurance And take the matter of auto insurance, he said. Thompson had $10,000 property damage, $3,000 medical, a-total disability auto accident policy that pro vided $50 a week until death or DOORS OPEN 6:45 1 or when there was r l West's most feared RUTA NOD DOORS OPEN 6:43 world ; lovcaones: TAO BODGtR IKt Sijiwu 01 ti M Tamer SCOTT-John DRAINIQ WMk m NEWS, Klamath Falls, Oregon recovery, an accidental death that provided $10,000 on death In operation of a land motor ve hicle, full eomprehensives on two autos, $25 towing and la bor, and some others. "He had everything we could write for him in very substan tial amounts," Treanor said, re ferring to auto insurance. However, his driving may have been somewhat eccentric too: "His accident loss record was such that Travelers can eled him out." Treanor, a friend of the Thompsons, also testified that Thompson "indulged his wife a bit," that "the two got along very well," and that Thompson "would have done anything to keep her happy." Thompson's wife stood to in herit a fortune from her par ents estimated up to $1 million. Around Feb. 6, 1962, Thompson began pressing for huge amounts of insurance on his wife, plus double indemnity for accidental death, with such a "sense of urgency," Treanor FRB Hikes Requirements On Credit Stock Purchases WASHINGTON UPI - Ef (ective today stock market traders will have to put up at least 70 per cent in cash (or the purchase of securities. In an announcement released Tuesday the Federal Reserve Board (FRB) increased the margin requirement from the 50 per cent to which It was low ercd In July, 1962, when the market was recovering from a serious slump. Because the announcement came on a New York market holiday, and was Issued after the Midwest Stock Exchange at Chicago was closed, the Pacific Coast Exchange was the only one still active when the an nouncement was made public. There, trading activity almost doubled the moderately active pace it had shown earlier in the day. An official said "all hell broke lose as soon as the news came ou'." AwaH Reaction Today Trading in Wall Street today, coming after an overnight op portunity to digest the FRB rul ing, probably will reveal more significant clues to the impact of the margin Increase on inves tors. The board's action, described as precautionary, came at a time when the amount of credit used to buy slock had risen by 43 per cent from where it stood a year ago July, to the current Superintendent Rules Out Carols And Nativity Scenes BEAVERTON, Ore. UPl -Beaverton School District Supt. Thomas Woods Monday night proposed policies which Would outlaw religious carols and na tivity scenes in Christmas pro grams in schools. Three policies would eliminate the religious aspect, which Pr. Woods said is in line with U.S. Supreme Court decisions. One would prohibit the dis tribution of religious literature of any kind to students. The second would permit re ligion to bo the subject of In struction where leaching faclu ally about religion would be dis tinguished from indoctrination. And lastly, holidays would be observed only in terms of their cultural aspects and without re ligious impact or character. The school hoard Is to take EfflSl DOORS OPEN 6:45 P.M. AGAIN, "WORLD HERITAGE" PICTURES Continue! Tonite . . No. 3 in our series! From the TREASURY of the WORLD'S GREATEST MOVIE MASTERPIECES . . . fabulous films from fomed books! In ill MUtlUJAItlER ..!,. WAITER Charley Wednesday. November . 1961 testified, that he sent a letter to the company home office. Jury Hears Letter Striking for the defense, Se gell read the letter to the jury. It said the company should re alize that "Carol Thompson is the only child of wealthy par ents, with their estate estimat ed from one-half to one-million dollars." Should she die, Thompson felt, it said, that her estate would fio to their four children and "bypass him." Segell asked: "One reason why Thompson might want all this insurance on Carol is to provide a hedge against the by passing of an estate wouldn't this be one reason for a large amount of insurance on a healthy young woman?" Trea nor said yes, it would. Thompson is charged with first-degree murder in what the state contends was a three-man plot, masterminded by the hus band, to do away with Carol, 34, a choir singer, ardent church worker, devoted house wife and mother. figure of $6,971 billion. It acted under authority of the 1934 Securities and Exchange Act, which empowers the board to raise margin requirements to prevent the excessive use of credit. It noted that since July 9, 1962, when the cut from 70 to 50 per cent was made, nearly $1.8 billions of the $2.1 billion additional credit was in custom er net debits of brokerage firms. Rraellnn Is Mixed Wall Street reaction was mixed on possible effects of the cut. Possibility of a rise in the margin requirement had been considered on Wall Street for some time, although the holiday timing caught some persons by surprise. Some sources expressed the belief that the move may slow the market momentarily but others recalled that "the street" had been through the whole thing before. Wall Street quarters also were divided as to effect of the move in the small investor. Although a few brokers have reported ris ing numbers of accounts since the first of the year, most trad ers say that "the public" has not returned to the market in anything like the numbers rep resented before Hie big shakcout in the last days of May, 1962. action on the proposal at its Dec. 2 meeting. Dr. Woods said that Christmas carols would be considered re ligious hymns and "a Christmas observance with carols would be objectionable." Medford Man Dies In Crash MEDFORD (UPD - Jerry Francis Bowling, 29, Medford, was killed in a one-car accident here shortly before midnight. Police said Bowling, who was alone in the car. was traveling south on South Central Avenue when the car struck a utility H)le. He apparently died in stantly. TONITE ONLY! hnw huterv. there has been nothing to compare, with the giant picture, tt took M-G-M three years . . . two lottunes . to make trom Pearl Buck'i world -lamed novel! CONNOLLY. TILLY LOSCH Grioewtn, jeuit wiipn California Bus Crash Kills Seven TRUCKEE, Calif. (UPD - A gay gambling tour to Reno end ed in tragedy for a group of cauiornians ruesaay wnen meir chartered Greyhound bus over turned in a storm near the 1 Nevada line, killing seven per sons and injuring the other 32 ; aboard. i The California Highway Pa trol said some of the survivors were so badly injured that the j death toll may rise. The loaded bus, which had ! encountered both rain and snow during Us trip over 7.000-foot , Donner Summit, skidded on the four-lane intercontinental free- I way, struck a divider strip and flipped over one and one-half times, scattering passengers along 100 feet of highway. Mrs. Peter It. Roberts, 3M6 South Sixth Street, report- , ed to the Herald and News that I her mother, Anna Sheldon of Mount Shasta, was a passenger j on the bus and Is now In the Tahoe Forest Hospital in Truckee. Exact extent of her injuries has not yet been learned, but hospital officials told Mrs. Rob erts that her mother "w a s among those less seriously In jured." Some of the victims, nearly all from Sacramento, were pinned beneath the wreckage of the bus Mhen it finally came to rest. Heavy tow equipment was called from Truckee, five miles west, to free those still alive. "There were people flying all over the bus," said Thomas Sconyers, 60, Sacramento, as he received medical aid at the scene of tile accident. Sconyers said he Mas sitting in the center of the bus and the persons killed were sitting in the same general area, cith er to the front or back of him. "It was some kind of miracle I wasn't killed along with the others," he said. "I think the good Lord must have had his hand on me." The dead wore identified as Perris Hegardt, Ontario, Calif.; Roy Tyler Smith, North Sacra mento; and John Bart, Edward Morgan, Gus Tascatof, Sidney Wade and Walter Kessler. all of Sacramento. Their ages were not immediately available. Five of the victims were killed outright, and two others died later at nearby hospitals. The driver, John Grafnic, 39, Sacramento, M as unable to ex plain what caused the bus to go out of control. He suffered minor head injuries. Referral Promised PORTLAND I UPD Repre sentatives of the Oregon AKL CIO and the Oregon Tobacco Distributors Association said Tuesday that tho state cannot count on any revenue from a proposed cigarette lax. State Rep. Morris Crothers, R-Salem, said Monday that he will introduce a 5-cent-a pack age cigarette tax bill when a special session of the Oregon Legislature opens Monday. James T. Marr of Portland, executive secretary of the state AFL-CIO. said his organization "will support the referral of any sales, cigarette or other regres sive taxation measure. " Attorney David Barrows, leg islative representative for tho tobacco association, said enact ment of the bill Mould result in a referendum which labor would support. Mixers To Host Spaghetti Feed Merry Mixers will sponsor the group's annual spaglictti feed at Pelican School from to 7:30 p.m. Nov. 9 The public is in vited. Charges aie $1 for adults. 50 cents lor cluldren. Money i: to be applied on a new furnace for the Merry Mixer Hall in Pelican City. The dinner will be followed by a dame in the club hall at as cents per person. Bill May hew will call Kor further in formation call Mayhew at TU 4-KKV7. Klmtft Fait. 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