Fort Lauderdale News from Fort Lauderdale, Florida • Page 17

-k Red Star Final Weather lADDERMLE lEWl Closing Markets Fair and warm through tomorrow. Low tonight near 70. High tomorrow mid 80s. Winds southeast to 15 m.p.h. Details Pg.

2A. Vol. 63 No. 175 im or, N.w,Mp.r, FORT LAUDERDALE, FLORIDA FRIDAY, MAY 10, 1974 5 Sections 140 Pages Ten Cents RlilBhini YaM SmfftBes FIsmn-FSaiimi Mam By GEORGE McEVOY Staff Writer The 120-foot yacht Intent was back home in Fort Lauderdale today after an admitted flim-flam man bought it with a $4 million check that bounced so high it went into orbit. The luxurious boat now berthed at Bradford Marine 3051 State Road 84 is owned by Feadship North America, 401 S.

Andrews Ave. But last month, Feadship sold the yacht to a man who has been hunted by the FBI for more than a year. You can't blame Feadship, though. Who could refuse making a deal with a chap bearing the imposing name of J. the swankier part of the Miami scene dropping important names.

Within a short time, the posh Palm Bay Club issued him a guest card. Miami police and FBI agents tell the rest of the story. They say J. Alan Durham III bought a brand new Cadillac Eldorado from a Miami dealer, giving him a $1,200 corporate check from Emerson Construction as a down payment. The car dealer called Emerson and was hooked into Haddad, who gave assurance Durham was a very big man with the company." Shortly after that, J.

Alan Durham came to Fort Lauderdale and chartered the vacht Intent and its crew of Alan Durham III? Especially when one and all believes J. Alan Durham III" is the internationally known bon vivant, raconteur, playboy and heir to a North Carolina tobacco fortune. Trouble is, J. Alan Durham III really is J. Alan Gokey who, among other things, is wanted by the feds for ripping of! $8,000 from a bank in Utica, N.Y.

The saga of J. Alan whatever according to police and his recorded statements and the yacht Intent began early last month when a mild-mannered fellow named Dennis Haddad took a job as bookkeeper with the Everett S. Emerson Construction of Miami. His take home pay was $119.84 per week. About the same time, J.

Alan Durham 111 appeared on seven from Feadship. It cost him $10,000 per weekend. Emerson corporate checks paid it. Last week, .1. Alan Durham HI decided he liked Intent so much, he had to own it.

The cost was a'i astonishing St million. .1. Alan Durham III, handed over an Emerson corporate check for the full amount. Not that Feadship didn't trust him or anything, but they decided, well, SI million is $1 million, ecn with inflation. So they called Emerson the next day to verify the check.

They got Haddad, the dutilul bookkeeper. So off j. Alan Durham III sailed to the Palm Bay Club, where he could sit on the bridge of his sleek new acquisi-(Continued on Page 2A, Col. I (7h 17 LlM UVI X. i ill I I nl Billions Available For Buyers in brief Floridian Train Jumps Track For Second Time IF i 4.

If 4 -f joe-' -i 1 V'l I 'i i i. frf -4IL3 ilk 4- -J" 3 if train's 12 cars and two locomotives uncoupled. The train was traveling about 20 miles per hour when the cars derailed about 200 yards south of the Seymour station shortly before 7 a.m. The cause of the derailment was not immediately determined. Seymour is in southern Indiana, about 60 miles south of Indianapolis.

Twenty-eight persons were injured April 30 when a north-bound Floridian derailed about one mile northwest of Winamac in north-central Indiana. All 28 were released after being treated for minor injuries. Tht Associated Press SEYMOUR, Ind. Seven cars of a Chicago-to-Miami train carrying 117 passengers left the tracks near here today, an Amtrak spokesman said. 1 3 1 Seventeen of the passengers were slightly injured or asked to be examined at a hopsital, the spokesman said.

It was the second time in It days a passenger train derailed in Indiana. Each time the train involved was the Floridian. The spokesman said seven cars in the middle section of the train left the tracks but remained upright. None of the Alcssaiiilria. Italv.

toilav wIiitc llircc ariin-il inniah's iichl 16 ini-i Ginvicls wave from I In ninilows of lli prison in allcnil lo lice llic littac-. I ic irions viv killed. I lie ili-ail i n-l nI- United Press International WASHINGTON President Richard Nixon today provided S10.3 billion to middle and moderate income home buyers including the first federal for conventional new home mortgages. The thrust of the President's action was lo assure several hundred thousand home buyers that they would pay bclovv market rates for mortgage in-tere-t, while guaranteeing lenders full market The subsidies are designated for new structures, and are intended to encourage construction of more than 250,000 homes. Kver one who has any into in housing ought to be pleased," said Housing and Urban Development Secretary James T.

Lynn. Nixon, in a message to said: "These are positive steps, but the best long range solution to the housing problem is to conquer the inflation problem." Jointlv with the president's action, the Federal Housing Administration and the Veterans Administration raised the interest ceiling on federally guaranteed loans from 8.S to ft. "5 per cent. FH and VA have been attracting relatively small amounts of money from lenders because conventional mortgage loans are averaging about 1 per cent higher. Nixon said his moves were temporary measures aimed at minimizing problems in one of the most serious areas of the economy.

About 60 per cent of the first-quarter decline in the gross national product was attributed to the $4.5 billion slump in housing protection. The President's action would provide: An additional 5.1.3 billion of mortgage money lo subsidize FHA and VA loans to the extent that qualified buyers would pay 8 per cent interest, while lenders would receive the new effective rate of 8.75 per cent. L'p to Si billion under a new program to provide subsidies to prospective home buyers not eligible for FHA and VA mortgages, allowing a buyer to pay 8.75 per cent interest instead of prevailing market rates of 9 per cent or more. hostage, i olire k'(l Hit- pri-(n an Iwo convicts ami llirci Iwo convicts ami three lioxlafs. ouilccn others wcrr udiiihiciI.

some ritii ulh I olire iIi-ckiciI to moe hi sslien III failed lo talk the inmates into MiiTemlrrinir. The prisoners had ihreateneil lo kill the lio-la'o one nl a linie if (hey i not allowed lo leave. ap w. irephoto Callev Freedom Killing Upheld Until Hearing Watergate Figure Gels Probation Licldy Held In Contempt Of Congress Government lawyers had sought in a hearing in U.S. District Court here Monday to revoke Calley's bond, claiming there was no legal precedence for continuing it.

Elliott took the ruling under advisement but indicated strongly then that he would continue the former lieutenant's bail. If the judge had revoked bail, Calley would have been sent to the Army prison at Ft. Leavenworth, but would have been eligible for parole in less than six months. Tht Associated Press COLUMBUS, Ga. A federal judge ruled today that former Army Lt.

William L. Calley Jr. could remain free on bond pending a hearing next month on his petition for a reversal of his conviction of murdering Vietnamese civilians at My Lai. Judge J. Robert Elliott issued an order upholding his earlier ruling of Feb.

27 which granted Calley freedom on personal recognizance in lieu of $1,000 bail. tell you I rejected it." Judge Pratt found Liddy guilty of one count of refusing to be sworn in last July 20 before the House intelligence subcommittee, which was investigating CIA aspects of Watergate, and one count of refusing to testify. Liddy is now serving contempt sentence in the District of Columbia jail for refusing to testify before the Watergate grand jury. When that sentence ends next month he faces a sentence of from six years, eight months to 20 years on conviction of burglary, conspiracy and wiretapping in the Watergate break-in. tions.

Liddy had told the court he would appeal if convicted and said he had rejected 3 proposed compromise for going back to the House subcommittee before which he had refused even to be sworn in. Liddy's lawyer, Peter L. Maroulis, and Watergate prosecutor's counsel Philip A. Lacovara had agreed Liddy could purge the contempt by going back to the subcommittee, taking the oath, but then refusing to answer any question under the Constitution's Fifth Amendment protection against self-incrimination. Liddy told the judge: "I think in honesty to you, 1 The Associated Press WASHINGTON G.

Gordon Liddy was found guilty on two counts cf contempt of Congress today despite a plea that "his lips were sealed" against telling what he knew about the White House Plumbers. U.S. District Judge John H. Pratt gave Liddy a suspended sentence of six months on each count. In suspending the sentence and putting Liddy on one year's probation, the judge noted what he called the extenuating circumstances that Liddy is already serving a heavy sentence in connection with his Watergate conviction and other contempt convic Prime Rate Hits 11.25 G.

Gordon Liddv Details Secret funds on which they depend for money. Manufacturers Hanover Bank of New York, fourth largest, also joined the move. The banks took their action a day after the Federal Reserve Bank of New York released its weekly money figures, which showed a decline in business loans and a further increase in short-term rates. Short term rates are those the Fed charges member banks. The prime rate is the interest banks charge their biggest and best business customers.

The Associated Press NEW YORK The nation's four largest commercial banks led a wave of banks in boosting their prime lending rate to ll'i per cent today. At least 15 banks across the nation posted the record rate before the morning was over. Bank of America, the nation's largest, followed First National City and Chase Manhattan banks, both of New York, the second and third largest respectively. Both the New York banks traced the boost from 11 per cent to the increasing cost of short-term Market Prices Drop As Prime Rale Rises Nixon, Ford Meet Privately The Associated Press NEW YORK Stock market prices went into reverse to- rallv dav, after a short-lived Calder Results in the previous session. Brokers said the boost in the prime lending rate to a record 11 i per cent was to blame.

The Dow Jones industrial average closed today at 850.4 4, down 15.33 from yesterday. The NYSE index closed at 48.29, down 0.80. said Newton D. Zindcr of E. F.

Hutton. "But the quick rise in the prime from 11 to ll'i per cent aborted that," he added. "Now the market was reverted back to its same old pattern of doing nothing." Institutional trading propelled American up vh to into the most active slot on the Big Consolidated Edison, another volume leader, lost l' to 77 after reports it told New York State lawmakers it faces bankruptcy unless tne state rescues the company from its current cash crisis" (Cooyrishled, H7, bv Trianslt Publications. Inc.) Weather Clear Track Fast SECOND Furlongs. Purse $4,009.

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Breeder, Forty Oaks Ranch (Ha). Times. took place in the President's office in the Executive Office Building next door to the White House. Ford's tight schedule after seeing Nixon called for a flight to Buffalo, N.Y., for a news conference, a luncheon appearance with Labor Secretary Peter J. Brennan before the Building Trades Association, fundraising speeches for Rep.

Jack Kemp, and two private receptions. Ford flies directly from Buffalo to College Station, where he will speak at the Texas University commencement tomorrow. EXPERT-WATCH RLPAIR- Guaranteed Accutron Rolcx Omega All work done on premises Pribble's Diamond Center 921 N. Federal 763-6564 Sears Town Adv. his support away from the President.

Roberts said that "the idea was not to pull away from the President," but that Ford in his speeches "really is seriously concerned about the loss of confidence in the presidency and in Congress." He said that it was quite possible the vice president would follow a similar theme in a busy schedule of speeches this weekend. In yesterday's widely publicized speech at Eastern Illinois University, Ford referred to a "grave situation" by "a continuous series of revelations and reports of cor-r i malfeasance and wrongdoing in the federal government, not the least of which is the sorry mes3 which carries the label of Watergate." The Nixon-Ford meeting "The market had a bri. ef FIRST 6 Furlonas, chute. Purse S3.000. 4-vear-olds up.

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O'Farrell (Fla). Times, 1:13. News Wire Services WASHINGTON President Richard Nixon and Vice President Gerald Ford met privately today their first meeting since Ford suggested Watergate and other disclosures have created a crisis of confidence in government. The meeting lasted an hour, a White House spokesman said, with no immediate word on what was discussed. The meeting followed some of Ford's strongest statements yet on the scandals and the way they were treated at the White House, although he insisted that Nixon is innocent of any impeachable offense.

Bill Roberts, Ford's deputy press secretary, was askd just prior to the meeting if Ford's comments, at Charleston, 111., yesterday, meant the vice president was pulling Fin. Odds PP Bridge 7D Business 15-17A Classified 4-29C Comics Crossword 7D Deaths 14A Editorials 10.1IA Horoscope 6D Living Section 1-3C Local News 1, 2, 12B Movie Clock 2E Sports 3-11B Television 20-44E Weather 2A Want to get 4 to 6 more miles 'per gal. and use regular gas. I Ph. 764-1226 for facts.

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LAUD', YACHT JBASIN, 522-365S. Adv. i BOAT RlpTiRsTEnginc, elec," refinishing. carpentry, 20'-100'. BROWARD MARINE, 522-1701.

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Fashion Ring Dept. Britts Dept. Store, Coral Ridge. Adv. BOB ALLEN isTeady to help you buy a new or used car at DISCOUNT PRICES from Bill Binko Chrysler-Plvmouth, 1750 N.

Federal Ft. Lauderdale. Adv. X- 5 Lbs. AAC.

y-7 AAC. 12-Rostless Polly (B'sd) Si. 20 S3. JO S3. 00 7 Casa Flambe (Noble) 6.18 S.40 Poppy's Puler (St Leon) V40 HELP us reduce our inventory.

Friday Saturday only we will sell any brand new 1974 Valiant or Duster from our inventory at our ACTUAL COSTS. No gimmicks come and see. Bill Binko TS0 N. Federal Hwy. Adv.

4 -5 Lbs. AAC, 7 Lbs. AAC. OMy Double (MI) Paid 1101.00 1 V'nous Miss (F'man) S30.00 S9.20 14.40 Adam's Goo Goo (Oeanda) 4.20 3 40 2 Moving Time (Perna) 4.40 Perfect (12 7) Paid St7.M.