Decatur Daily Democrat, Volume 61, Number 306, Decatur, Adams County, 30 December 1963 — Page 8

PAGE EIGHT

Shining Hour For Earl Belle Over

By JOHN A. CARROLL United Press International v PITTSBURGH (UPl)’"The typewritten notation on the back of the'gld sy* print ptc'tur-e read: “Earl Belle, "26. Vice President, general. Kinetics.'’ 1The photograph showed a youthful men dressed in a dark business ' suit with wide lapels and wearing a bright plaid tie.. This was Earl Belle in his shining ®h< ur. -He was riding the top of a vast, financial which he began to carve a few years earlier — in 1955 — while ' still a student at the University of Pittsburgh, It was a-picture in vivid contrasi_.io one when Belle, now 31, stepi>ecL>iUm a jetliner, in ~ Mew York City Dec. 14 at the end of 5 r 2 years of self-imposed • banishment to 'BrazilThe more recent picture showed Belle wearing darkrimmed -glasses. .His ’shirt was epen at the collar. He wore no •tie. and his suit was more fitting f>r warmer climate. His only ba gage was an extra sh;> t and a pa'ir "of trousers, which he carried rolled up un- . tier his arm. v He wore a haggarav look. He 1 was balding. Faces ProsecutionBelle’s long exile was over. The hard part lay ahead —prosecution by the federal government* on' a raft of fraud and qi nspiraoy charges growing from the crumbling of his ADAMS THEATER - o o | — Last Time Tonight — First Feature 7 P. M. j . Very Funny in COLOR! “NEW KIND OF LOVE” Paul Newman, Joanne Woodward ALSO — Shorts 25c - Gsc 0 7! O TUES. WED. THUR. NOTJE — Continuous Wednesday (New Year’s Day! from 2 o’clo-k! Greet the New Year. The Most Talked About Picture of Any Year! 'KTRO GCH.QWVN 1 LDpfS JGURPW F SA FJASTiftELLI V v wie smith F. J t .YLCS BaSGR? WELLES. It’s Perfect Entertainment For Your New Year’s Eve Celebration! »un. — “Take Her, She’s Mine’’ James Stewart, Sandra Dee

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“palper” financial empire. Just what made liar) Belle 'tick? What got him Even before he was graduat- ■ ec; with honors ...from college. Belle had thoughts of big business and high finance on his mind. He had very little ready cash in his pockets, r . His first wife, the former Fayth Joy Blumenfeld, later told how she held down a job v.hile Earl was still in school. ‘She - told of how he took her ' paychecks to buy S2OO .spits. The ex-Mrs. Belle recalled that it was with <stsTne -of he^ 1 money, that dappej- Earl also made his first real plunge' into' the business ’ world. He bought land near the small community of Saltsburg, Pa., and began selling gff individual lots. Others Join In Enter the Talenfelds. First came Murray Talenfeld, then only 24. Later Murray’s brother Eurton, joined ’the combine and finally Edward Talenfeld, ■father’ of Murray and Burton, came along. Murray and Earl were college chums. .They came up with "a redevelopment plan for 'the .Borough of Saltsburg that simply wowed the. town fathers. In no time flat. Murray. aad Earl found themselves dp .rectors of the First National Bank of Saltsburg. The die was "being cast. ' The Belle - Talenfeld venture carried the imposing name of Eastern Investment and Der.velopment Corp. The name was imposing", but something was. lacking. With reported financial backipg from Edward Talenfeld, Eastern Investmcpt and Development in 1957 bought out Cornucopia Gold Mines, Inc., a Seattle, Wash., outfit. List On Exchange Cornucopia, hadn’t done any actual mining since 1941. But it had one major asset. It was Peru Branch Bank Robbed Os $5,177 iPERU, Ind. (UPII— Authorities today were sifting health records in hopes of finding a 'considerate bank robber who took $5,177 after locking three employees of the Peru Trust Company branch bank at Mexico in a vault. The bandit said he needed the money to pay medical bills for his daughter who had been stricken by polio, police said since -there'are onlya handful of polio cases reported, four this year, they hoped to trace him through State Board of Health The man asked if the vault v as air tight before locking the employes of the bank,, five miles north of here, inside. The- employes freed themselves in about 30 minuts, using! tools kept in the vault.. The bandit struck shortly before closing time and waited until other customers left before pulling a revolver and ordering a teller. Miss Ruth Frick, to fill a paper grocery sack with cash.

lifted on the American Stock Exchange. The federal government, in its . records, contends that with some judicious doctoring of the books, Cornucopia used its stock to buy six subsidiary * companies. Genera! ■ Kinetics became the parent name. J Belle and the' 1 Talenfelds soon thereafter had a parting of the ways because of policy matters. Belle errierged in control of General Kinetics. It was at this point a local newspaper recalled Belle I the original man in motion. The paper described him as i “the go, go, go boy of finance, whizzing around Pittsburgh in » flashy, imported autos, including a Mercedes Benz and a Jaguar sedan, and a domestically, built white Cadillac with a uniformed chauffeur.” ,■ Expands Interests Belle took on additional business interests. He„ also took on a new wife, fashion model Naomi Wallman. His business trips became numerous, and wherever he went he went first’ class. A SIOO-a-day suite at the Waldorf-Astoria in New York was common. Once Belle made a $5,000 down payment on a $70,000 mansion ijr this city’s* Squirrel Hill section. He ahd his new bride never had time to move in. They.fled to Brazil. As late as April of .1958, Belle was still wheeling and dealing, but the government in In June of. that year Belle l>egan gathering in cash from the various companies and from banks. It was estimated by authorities that by the time he fled the country he had up to $1 million at his personal disposal. leaves From Airport Belle’s departure the night of July 4, 1958, from Greater Pittsburgh Airport tells a story in itself. With him were his wife and Mr. and Mrs. Mitchell Ostwind. Ostwind had come to be known as Belle’s man Friday. When the Belles checked in at the ticket counter it was discovered that their baggage was--1.143 pounds overweight. The Ostwinds also were oyer by 136 pounds. The total bill for* the overweight came to $2,856 and Belle picked up the tab. Almost unnoticed at the time f was the fact Belle put the*overweight ’ charge “on the cuff” by Charging it to his air travel card. - ' Among the 26 pieces of luggage the Belles took with them was one large ovesized suitcase weighing 85 pounds. That’s the way Belle did things — BIG. However, when the Belles reached New York for their ti ansfer to another airliner heading south the 85-pound suitcase was missing. It was found wedged in a baggage chute in Pittsburgh — too -large to pass through. When Belle landed at New York last week he carried that /extra shirt and extra pair of %-ousersv“Tolled~ upr—under: rrhis * arm. He had no luggage. Extra-Easy Pair Printed Pattern — b jL - ■’ / V « \ l I $8 I I\ [ j Mill . 9415 2-10 EXTRA ; EASY to fit ’n’ stitch, and a real"pert charmer in checked blend,' corduroy or vjyid velveteen. Blouse is beloved Peter Pan classic. Printed Pattern 9415: Children’s Sizes 2,4, 6,8, 10. Size 6 jumper 1% yards- 45-inch; blouse yards 39-inch: FIFTY CENTS in coins for .this., pattern. — add 15 cents for each pattern for first-class mailing and special handling. Send to Marian Martin, Decatur Daily Democrat Pattern Dept., 232 West 18th St., New York 11, N.Y. Print plainly Name, Address with Zone, Size and Style Number, YOUR FREE PATTERN IS READY ..r--, choose it from" 250. design ideas in. new '. SPRING-' SUMNIER Pattern Catalog, just out! Dresses;, sportswear, coats, more! Send 50c now.

*t - ■ THE DECATUR DAILY DEMOCRAT, DECATUR, INDIANA

BEGUN'S ANNUAL January M fl || 43 RlfflE clean vLEARANuE STARTS TODAY I \ I J MEN’S ALL PURPOSE MEN'S .CT 0 * T $ WOOL On as - juijs X 25% : J ‘ 1 iH. 1 Jr » s off 3 ® JI !• /Ik \ 110 m x A 111 IWv lO' I WbT men ’s OWi vh I f/ f W WiF ALL WOOL V Z I } I Aife- J?|| FOP EHB / -I COATS O W ''w Mk Suit yourself for now and next . >49.50 Values $35.75 Values W , /"O - year! Prices slashed on entire NOW NOW stock °F fa!l and winter suits. . 1,1 .i. in , , „ . Styles and colors for every r '»-» ' ' ' ' / Insulated Men’s Flannel ’t' jfllHm Underwear Sport Shirts ■ H t j J - W sM ’ ss O.9s Mtsss l.9s -y ERMSI r VI SQ VALUE “ VALUE SH J Suburban Vw I COATS R wBF s u 9s Ai MB Many Other Tremendous * W Bargains Too Numerous n'' z To List aNhEHI ' igr ■ ■ . — BhKI '* MEN’S DRESS J ' * ALL MEN’S TROUSERS > V SPORT GOATS All $ 24 95 /0 VII \ - W -Bw . 5 ?? 95 ————J \ -■ r; •; , BEGUN'S 11 ™ .. T „. T1 „„« ■ “BUY MEN’S WEAR IN A MEN’S STORE” / FKtt ALTERATIONS OPEN FRIDAY & SATURDAY NIGHTS

MONDAY, DECEMBER 30, 1963