12
Tuesday, December 12, 1978
University Dally Kansan
Millions lost in airport robbery at Kennedy International Airport
NEW YORK (AP)—Five heavily armed men overpowered a guard and nine workers at a high-value cargo area of Kennedy International Airport yesterday and made off with $25 million in cash and jewels, authorities said.
The robbers—brandishing a shotgun, a pistol and three revolvers—beat a guard and bound him and the nine other workers at the Luftfahne Airlines cargo area. They said one worker was forced to reveal the combination to a safe.
Some $3 million in American money being flown from Frankfurt, Germany, to the Chase Manhattan bank here was reported stolen. A policeman of the Port Authority of New York and New Jersey, which operates the airport, said it was believed jewels were also involved. He explained the value of the goods at close to $3 million.
Felix Becker, a Lafhana spokesman, said it was not immediately known exactly what was taken but said that some canceled checks and cash were missing. He said the thieves seemed to know what they were looking for.
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Gas Co. defends rate increase
TOPEKA (AP) — The chairman of the board of Gas Service Co. said yesterday that the utility needs a $12.8 million a year rate increase if it is to continue to provide a service, keep up with normal growth and make up for an increasing number of bad debts.
The chairman, Jerry Dugan, was the lead-off witness in the Kansas Corporation Commission hearing on the rate request for equipment purchased. The rate it was granted an increase of $3.99 million a year. Dugan said the application for the product was based on the cost of rapidly increasing operating costs.
Gas Service provides natural gas to 212 communities in Kansas, including the state's most heavily populated areas: City, Northeast Jordan County and Toonek.
WHEN THE APPLICATION for the rate increase was filed, Gas Service officials told regulators that it would not be denied.
Dugan testified that the amount of gas sold by the utility declined from 151.63 billion cubic feet in 1978 to 143.67 billion cubic feet in 1982, and that it was considerably colder in 1977.
$1.59 per month for the average residential customer.
He said the reduction was a result of efforts to promote conservation of gas.
He said a further decline in the sale of gas to large users may be in the offing. Duggen referred to the Board of Public Utilities of Kansas City, Kan.
"We've just about priced ourselves out of the market as far as the Board of Public Utilities," she added.
He said a price increase of more than 30 cents per 1,000 cubic feet that is expected to take place as a result of federal action could result in the Board of Public Utilities' switching entirely to coal in the production of electricity.
UNDER QUESTIONING by a Legal Aid
GOP inspects KC for '80
KANASS CITY, Mo. (AP)—The Republican committee looking for a site for the 1980 GOP national convention inspected convention facilities and hotels in Kansas City yesterday and received a guarantee of than 13,500 hotel rooms for the convention.
committee previously inspected facilities in Minneapolis, New Orleans, Detroit, Miami Beach and Dallas, and was expected to consider a late bid from New York City.
Kansas City is one of seven cities expected to be considered by the GOP. National Republican Convention in Kansas City.
The site committee meets next month in Washington to recommend a site to the town.
The committee arrived in Kansas City Sunday after its tour of the Dallas area.
Society attorney representing low-income persons opposed to the proposed rate increase, Duggan said most of the bad debts caused impaid bills for gas used in residences.
He said he could think of no instance in which there was a large unpaid bill by an employee.
Dugdan said his salary is $95,000 a year.
He asked eight or nine Gas Service employees
Others opposing the proposed rate hike are Midwest Industrial Gas Users Association, Seymour Foods, General Motors, and the city of Wichita.
Kansas Corporation Commission officials said the hearing probably would extend through the remainder of the week, then recess until Jan. 15.
receive a salary in excess of $30,000 to
$35,000.
Mayor seeks tax increase
CLEVELAND (AP)—Mayer Dennis J. Kucinich, trying to avoid financial default, will ask Cleveland voters to approve a 50 percent increase in the city's income tax.
The revenue would be used as collateral for loans.
weekend it would be the first major American city to do so since the Denningstro
City Council President George L. Forbes said yesterday he had learned that when Kucinich unveils plans to resolve the city's financial problems in a televised speech on Tuesday, voters to approve higher taxes in order to increase municipal revenue by $30 million a year.
BUT FORBEES NOTED that three attempts to win voter approval for higher income taxes since 1968 failed over-whelmily.
Joseph Tegrine, Cleveland's finance director, met yesterday with local bankers, who hold $15.5 million in notes that must be repaid or refinanced Friday.
Earlier yesterday Forbes said it was a foregone conclusion that the city would default on its debts and that bankruptcy was around the corner.
"The city of Cleveland's financial advisor, the First Boston Corp., and its managing underwriter, Salomon Bros., have constructed a financial plan that will enable the city to defend default as well as manage our short- and long-term improvement obligations." Toreen said.
CLEVELAND SAID it did not have the money, but the banks have already rebuilt the city twice on requests that the loans be made to them, been seeking assurances of repayment.
He did not elaborate, but according to reports last week, the plan calls for the Ohio General Assembly to double Cleveland's funding, without submitting the issue to the public.
If Cleveland does default on notes by this
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Eastern to be third big bidder in National sale
MIAMI (AP) - Eastern Airlines stunned the airline industry yesterday by becoming the third major carrier offering to buy National Airlines, Eastern's prime competitor on the highly profitable routes between the Northeast and Florida.
IF EASTERN BENT bought National the company to install the second-largest U.S. defense building in Japan.
Pan Am, which owns about 22 percent of National's outstanding stock, has entered into an agreement with National calling for payment of $41 per share.
Eastern Chairman Frank Borman said the firm would pay $5 per share for National's outstanding stock, a total of $26.7 million. The firm would have to borrow much of the money.
The move, which came in a surprise midday announcement, further complicated one of the most dramatic takeover attempts in recent years. Pan American World Airlines already are seeking federal approval of their attempts to acquire National.
"We have the process in motion," said Borman, the former astronaut who has brought Eastern back into soaring profitability from near bankruptcy since he took over early in 1976. "We are confident we can come up with the money."
Texas International, which owns about 24 percent of National's stock, has not made a firm offer for the balance but has said it will fight for majority control of the carrier.
In Civil Aeronautics hearings, Eastern has opposed the merger proposals of the other two carriers. And National treasury had begun to express doubts about the merger with Pan Am, saying it entertain offers higher than Pan Am's $1-mar share bid.
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