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0-20 (Rev. 10-15-62) @ Sullivan Tavel Trotter Tele. Room Holmes Gandy kee lou. - iy fen eA ? “ Zocveawwes /. w/b OY wer RE newer? AEG TBE, — UPI -66 ’ shine ADD 1 BCXING, WASHINGTCN CUPI-42) ~ i KEATING ASSERTED TPAT CLAY'S ACTIONS BEFCRE AND SINCE THE TITLE »: BCUT VERE BRINGING HOME TO BOXING FANS *TFE SEEDY ASPECTS OF THE FIGET | :) i\GAME ,* <1 1" ¥E TOCK STRONG EXCEPTION TO CLAY'S ASSCCIATION WITH THE BLACK | MUSLIM MOVEMENT, WHICH HE SAID WAS "IN FAVOR OF SOWING THE SEEDS OF ey RACIAL KATE AND’ VIOLENCE ,® J yreKEATING, WHO DECLARED HIMSELF IN FAVOR OF A NATIONAL BOXING COM- MISSICN UNDER THE FEDERAL GOVERNMENT, CONCLUDED: "I DO KNOW THAT AMERICANS OF EVERY RACE, REGARDLESS OF THEIR ATTITUDE TOWARD PROFES- SIONAL BOXING, LOCK DowN UPON THOSE IN THE VORLD CF SPORTS WHO MATCH THEIR ATHLETIC PROWESS WITH ARPOGANCE AND CONTEMPT FOR THE SOCIETY THAT PAS MADF THEIR ACFIEVEMENTS PCSSIBLE." ‘CHERRY, WHO DESCRIRED LISTCN AS TCTALLY INCOMPREKENDING OF BUSINESS ATFAIRS, RELATED THAT INITIALLY LISTON FELD 50 PER CENT OR 500 SHARES OF TRE INTERCONTINENTAL STCCK. THE ATTCRNEY SAID THAT HE AND ROBERT - AD JANES NILCN, BROTHERS OF LISTON'S MANAGER, HELD THE OTHER 50 PER | | HE SAID THAT IN DECEMBER MARGOLIS BRCUGHT HIM TWO BLANK STCCK ‘ ‘CERTIFICATES SIGNED BY LISTON AND THAT CN JACK NILON'S INSTRUCTIONS, 275 OF LISTON'’S SHARES WERE TRANSFERRED TO THE PHILADELPHIAN, LATER, CHERRY TESTIFIED, MARGOLIS TRANSFERRED 50 SHARES OF HIS HOLDING fo SALVATORE AVENA CF CAMDEN. NuJ. THE ATTORNEY SAID THAT AT THE TIME OF THE STOCK TRANSFER, HE | DIDN'T KNOW FY MARGOLIS WAS GETTING TPE SHARES, FE SAID HE LATER - LEARNED THAT MARGOLIS FELT THAT SINCE HE HAD EFLPED SET UP INTER- CONTINENTAL, HE CONVINCED LISTON HE WAS ENTITLED TC SOME SORT OF ! e . CHERRY ALSO RELATED THAT ALTHOUGH LISTON WAS PRESIDENT OF THE CORPCRATION, HE WAS PURELY A FIGUREREAD AND THE NILONS WERE SPE - CIFICALLY EMPCWERED TO RUN THE OPERATION, “ASKED HOW MUCK MARGOLIS WCULD GET FOR HIS SHARES, CHERRY SAID ; _ THAT IT WCULD PROBABLY CONE TO ABCUT $100,000 AFTER TAXES, IN ADDI- | TION, LISTON CCT 40 PER CENT OF THE PROCEEDS FROM THE FIGHT AS THE : CHAMPION*S SHARE VHILE CLAY GOT 20 PER CENT. | mises : —— G- /24--TDIL3S AES | 1d 2227 | NoT RECORDED —— - 46 apr 3 1964 ae qe 7 . . ley 79 WoW Pet eron CAPITAL NEWS SERVICE 77 “~./ z . Cy o4