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John Jake the Barber Factor — Part 3
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A Further Outlook
one,
It’s Not Hard to Jimmy
Hoffa’s Big Piggy Bank |
wee owe
A———By Gene Blake Gambling Center Investments
Bpecial to The Washington Post Y
rial Pua toe Angeles Times BOUT HALF OF THE $45 mil- 15
Lt ANGELEY - Give Teamsters” lion invested in the West has
boss James CRotta a $200 million’ gone into the Nevada gambling centers a %
piggy bank-¥O7play7wmh — and all of Las Vegas and Reno. Las Veg a) 7.
sorts of strange things can happen. | alone has received nearly $19 million.
Such a “piggy bank” is the huge pen- To be sure, the loans are secured by
sion fund for Teamsters in the Central, trust deeds and mortgages on real or
Southeastern and Southwestern States. personal property. In Nevada, that is
Hato its Chicago headquarters pours ample security only so Tong as the
oney from employers at the rate of glittering bubble of legalized gambling
oe
he Washington Post and ES
about $3 million a month. doen er wh h awi Times Herald
Eight employer trustees and eight the vate t inv at _ 275 one Of, The Washington Daily News ———
union trustees, one of them Hoffa, must st invesjmen’s — million
in Reno's olg-ftiverside Hotel ™ The Evening Star —————-————--—
put the money to work. By latest count j “ -
in the Los Angeles Times's year-long Beiure air transportation became New York Herald Tribune —————-
investigation, about $45 million of it commonplace, Reno's gambling and New York Journal-American
has been invested in the West. . divorce paaiie vite fed ed aa or New York Mirror ————————__——
What's so strange about that? Noth- auto and truly made the “biggest New York Daily News —~——____-
little city in the world.”
Now, already hurt by the competition
New York Post —————___-—_-——>
ing — if that were all there was to it.
But a close look at some of the ven-
tures financed, some of the borrowers from Las Vegas in the warmer south, The New York Times ——_———-_—-~
and some of the intermediaries. who Reno {s being stung even more by the The Worker ——————________——
plush gambling palaces going up at The New Leader
have benefited must st least arouse nearby Lake Tahoe. These offer sceén-
some curiosity. .
ttor. °&™ winter play and, water sports in i
Among those most curious are Attor. addition to the gapting tables.
ney General Robert ¥. Kennedy's ;
liller, a professional a ~
gl of Hoffa's cronies, { b 4 ¥ a f —#A .
- The Wall Street Journal —.—_~-_-—--
The National Observer ————-—--
2
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isd
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sieuths, who have had Federal grand | gambler and p
juries “around the country looking for : ;
Id mak -
could make a go of the Riverside Hotel HOT RECORPFPR 14 4963
~ | hanky-panky. Since August, the investi- atdCESTHp. Due. oe
vs 26 196:
- PEL. /
gation has been in the hands of a Chi- . _n
ego grand jury. “> es vl 6 val ;
HA APR aN gor SEE ROVE SIDE FOR —
- oe £53. DaScARATIOR. L-
————e i
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