June 27, 1974 Shelton Mason County Journal | ![]() |
©
Shelton Mason County Journal. All rights reserved. Upgrade to access Premium Tools
PAGE 20 (20 of 30 available) PREVIOUS NEXT Jumbo Image Save To Scrapbook Set Notifiers PDF JPG
June 27, 1974 |
|
Website © 2025. All content copyrighted. Copyright Information Terms Of Use | Privacy Policy | Request Content Removal | About / FAQ | Get Acrobat Reader ![]() |
Group investigati
security frauds
Millions of dollars have bee,.
lost by investors in Washington
State due to the sale of fraudulent
and unregistered securities, the
State Department of Motor
Vehicles said this week.
Between the years of 1965
and 1971, in the debenture
industry alone, more than $70
million were lost. While many of
the companies are still involved in
rather complicated bankruptcies,
not more than 10 or 15 percent
of the investment will be returned
arm in some cases there will be
absolutely no return.
In its continuing battle to
)revent such tragedies, according
to Director Jack Nelson, the
Securities Division of the
Department of Motor Vehicles
has mounted a new attack on the
sharp operators.
The latest weapon is a
relatively small, but highly skilled
and experienced pilot task force.
"The force includes an
attorney with prosecution
experience, one with accounting
experience (both with expertise in
securities) and an investigator
with experience in the
broker-dealer area," Securities
Administrator Eugene Olson
c:xplains.
"We think the task force may
well set an example for other
states across the country," he
added. "it is the only one of its
kind to our knowledge."
As he points out, the task
force is mobile so that it can
investigate complaints or
irregularities in any part of the
state.
The experience on the force
allows not only a complete
investigation but, if requested, the
ability to assist local authorites in
appropriate trial action.
"'There are few counties that
are equipped either financially or
with adequate manpower to
prosecute a time-consuming and
costly securities case," Olson said.
"! hope the task force is a new
trend. Local authorities
continually are given new
responsibilities by state
legislation, but seldom are they
given additional funding ability or
help."
"We will be able to assist in
Ydling this void if they ask," he
added, "at least to the extent of
the pilot group as supplemented
by Securities Division personnel."
When the task force moves
into an area, it first checks in with
local authorities. From that time,
the investigation is a cooperative
venture. The Securities Division
has the authority to issue stop
orders and cease and desist orders.
The administrator may also refer
injunctions to the State Attorney
General for filing. Criminal
proceedings, however, must be
initiated by the local prosecutor.
The response of local
authorities is best summed up in
the comments of Lewis County
Prosecutor Brian Baker:
"My office is presendy
experiencing the drawbacks of
insufficient manpower and
expertise in the securities area. We
are supervising the investigation
of an approximately $180,000
fraud. Without the assistance of
many agencies, this investigation
would not be possible.
However, in the interest of
dollar savings to the general
public it occurs to me that a
highly-trained specialized force
could accomplish the job in a
shorter period of time and in a
more economical manner than the
method which is presently in use
by our office."
The director of the task force
is John Maxwell who, like Olson,
is a former prosecutor.
Maxwell explained that there
are a number of additional
benefits to be gained from the
force.
Continuing audits will help
determine the existence and
amount of fraud currently in the
securities area, the team will be
able to provide on-the-job training
and experience for local law
enforcement agencies and
prosecutors as they assist in the
investigation, and both the public
and industry will gain a better
understanding as to the nature of
fraudulent stock offerings.
The special task force is being
funded under an initial 12-month
grant approved by the State Law
and Justice Committee. It allows
$60,000 for the first year, and
there is $9,600 in state matching
money.
The task force is just one new
weapon in the battle against
fraud, and it is part of the new
look in the Securities Division.
Another new service is an
expanded statewide information
soUrCe.
Those who have questions
about the purchase of securities,
call "toll free" either
800-562-6913 or 800-562-6914.
Within minutes, it can usually be
determined if the company in
question is registered and if there
have been any complaints against
it.
ge convention
At exactly 11:30 p.m. June
21, State Master Jack Silvers
rapped the gavel that marked the
closing of the 85th annual session
of the Washington State Grange in
Aberdeen. At the time of the
grange inception in 1856 when
more than 90 percent of the
popnlation of the United States
made their living farming, the
grange was strictly a farm
organization. Now with only 5
percent of the people on farms, it
is composed of both rural and
urban members who are
interested in better legislation for
the majority of the population.
Some 620 voting delegates
discussed or debated the merits of
120 resolutions sent in by
members of the 448 subordinate
granges throughout the state. The
I
results of these decisions will
establish the policy of the
64,000-plus membership of the
Washington State Grange for the
coming year.
More than 3,000 grangers
attended the session.
The 6th degree (state level)
was conferred on 422 candidates
Thursday evening, of which 32
were from Mason County.
June 16 preceding the
convention 24 grange bowling
teams played in state
competition. Joan Sharp of
Matlock won trophies for high
game and first in singles in the
women's division.
Winners of the talent show
which was held that same evening
will compete again at the National
Grange which will be held in
Sacramento in November.
I
Champions
!
dlr
Paula Zangl
Daughter of
Harold & Joann Zangl
Tridla Wittenberg
Daughter of
Ted & Dorothy,Wittenberg
UND
INC.
426-4282
1 mile south on
Highway 101
II
i F age 20 - Shelton-Mason County Journal - Thursday, June 27, 1974
Hoodsport
By DOLORES DRAKE
HOODSPORT - 4-H Forestry
Project members in the Tyee
Timber Tramps 4-H Club of
Clallam County and the Mason
County Hood Canal Hi Riggers
4-H Club recently participated in
a five-day conservation workshop.
The conservation workshop
was held at Lena Creek
Campgrounds in the Hamma
Hamma River drainage. The
success of this outdoor
educational experience was made
possible by the participation of
local resource people who
involved the 29 4H'ers and
chaperones in the study of our
natural resources.
A session on local wildlife and
• Seafare Buffet
Friday 6-9
• Live Music
Fri. and Sat. 9-1:30
• Cocktails -- Mill Room
Lamp Post Tavern
WE MAKE
'OUR OWN!
Order to Go
COME IN
AND MEET
BILL & TOBY
POOL &
ICE HOCKEY
SUNDAY THRU
SATURDAY
game management was conducted
by Wayne Roberts of the
Washington State Game
Department. A special highlight
to the 4-H'ers was the
opportunity to examine a large
collection of animal pelts the
state game protector had taken to
the workshop.
Prior to the group hike to
Lower Lena Lake, Terry
O'Sullivan of the U.S. Forest
Service spoke on man's impact on
the forest recreation areas. The
heavy use of this area was evident
all along the trail and at the
lakeside. Lunch was enjoyed
along the warm sunny banks of
the lake while one 4-H'er was
successful in landing a trout. Then
with litter bags in hand, the group
gathered litter tossed carelessly
around the lakeshore. Additional
litter was collected along the
three-mile-long trail for a total of
two garbage cans full.
A program on erosion control
and water pollution as related to
soils was presented by Bill Petty
of the Soil Conservation Service.
Following the soils studies, the
4-H'ers tested soil samples they
had collected in the area.
Fred Page of the U.S. Forest
Service involved the group in
timber cruising. The participants
recorded tree diameters and
heights with biltmore sticks they
made in camp. Total volume of
the 11 marked trees measured was
O
5,549 board feet.
With the use of more
precision forestry instruments,
the group also measured a huge
Western Red Cedar in the Lena
Creek Campgrounds. The tree
measured 56 feet in
circumference and was 195 feet in
" height.
Other camp activities included
making conservation notebooks
from cedar shingles, driftwood
and seashell craft, pictures from
nature, making conservation and
fire prevention posters, and
making terrariums and dish
gardens.
Horseshoes, badminton,
frisbies, ball and short hikes kept
musdes and appetities in good
DINING DANCING MUSIC
Hwy. 101, Hoodsport
Phone 877-5251
Spri ngw ater Tavern
"oklahoma Crude"
George C. Scott
Fa ye Dunaway
"Return of Sahara"
Jul
"Sex Freedom
In Germany',
"Naked Countess"
GO DANCING
TONIGHT!
SHELTON
ELKS LOUHGE
Every
Fri. & Sat. Night
9 p.m. to 1:30 a.m.
Music by
The Frontiers
No dance lesson
this Friday
June 29
YOUR INSTRUCTORS
Enroll now in our new Fri.
night * Dance Club *
This series
the exciting
Continental Fox Trot
1 mile north of Lilliwaup for good food, cheap[
Friday, June 28, 9:30 p.m. - 1:30 a.m.
Funny Farm (Band) Boogie
Band appreciation donation at door.
INCREASE IN PRICES *
Attention!
" MEMBERS •
PHONE 426-2322
mnmn
shape.
The conservation workshop
was concluded June 19 with a trip
to Seal Rock Forest Campgrounds
and a day of beachcombing and
clam digging on Hood Canal.
Fireworks Display
The Lake Cushman Sales
Company is again sponsoring a
4th of July fireworks display.
This year's display will be held at
the Lake Cushman Resort July 6.
The display will start at dusk and
last almost an hour.
Temporary Office Open
The temporary office for the
new Hood Canal State Bank is
located along Highway 101 and
Finch Creek in Hoodsport. This is
MOVIES
O
the building formerly
Lanning's Appliance Center.
Subscriptions may be
the temporary office which is
open for information.
committee would like to
pledges in before July 9 so
proposed bank may get into
operation.
Birthday Celebration
Mrs. Anne Rowe of
was honored on her Juno~
birthday with a party
Pearl Schmidt and Ilene
Also present for the,
Ilene's home were Nina
Lydia Meadowcroft and
Howard J. Crate.
Saturday, June 29
Enrollment Dance
Music by Tom Baze
"Town and Country"
Friday & Saturday - 9:30 - 1:30 a.m.
Members Only
il3 Cola Street
HI THERE!
JORSTAD CREEK WELCOMES
YOU TO...
Our orange oyster house has the freshest oysters,
shrimp, crab & clams.
Jorstad Creek Trailer Park & Campground open
year 'round is just across the street.
STAR ROUTE1
LILLIWAUP, WA.
Open
7 Days
a Week
Sunday Dinner is Special
Prime Rib
Baked potato, clam chowder or salad bar,
roll & butter -- 5 p.m. until closing.
$4.35
Lunch served everyday -- Breakfast weekends
Lodge - Dining - Cabins
Store -- Boat Dock -- Lounge
_Call
877-5296---1
H O O DS PO
l
ee
Blarney Room
o( ,, ,dou o(
Dining
Dancing -- Cocktails
-- Thursday - Sunday --
FRIDAY NIGHT
Tex Mitchell and Marlene
SATURDAY NIGHT
Ed Tveden
PRO SHOP AND 60IF COURSE
-- Open Every Day --
Serving sandwiches, beer. pizza & other short orders.
New golf supplies available -- Public Welcome
RENTAL CLUBS & CARTS
Inn Phone
426-3581
Pro Shop Phon0
426-6290
"It Carnival
'R Boat Races
Steak Cook Out
• tl Teen Dance
• K Adults Dance
tkHuge
Fireworks Dis Ji y
Plan Saturday, July 6th for
First and Harvard, Shelton
Open Daily 11 to 9
COLONEL SANDERS' RECIPE
Only at Kentucky Fried Chicken
Colonel Sanders built the Kentucky Fried Chicken Kitchens around a
good value for the dollar. Thals lhe way w~ started, and thats the way
it is today. Two pieces Of chicken, mashed potatoes, gravy, a roll and
corn-on-the cob. still proudly served every day for only 99¢ Colonel
Sanders' goodmeal~gooddea anytmedlnner, only99¢