LATE CABLE NEWS

Hokitika Guardian, 28 October 1931, Page 6

LATE CABLE NEWS

SAFE FOR LIFE. 100 YEARS’ IMPRISONMENT. CHICAGO, October 16. One hundred years in prison was the sentence passed on Walter Wolf, now in middle aye, who confessed to embezzling £400,000 from the Continental Illinois Rank, in which lie managed the coupon department. This was the record embezzlement by any one individual in the history of American crime. His crime profited him not a penny. He lived frugally on his salary all his life. But he gambled in margins, and, losing steadily, found himself at last operating fictitious accounts in 20 different names. He never won. He handed the accounts of hundreds of customers who trusted him implicitly.

ROUND THE WORLD. FRESH RECORD ATTEMPT. ' NEW YORK. October 13. Mr F. B. Hall, who was the backer of Wvlie Post (United States) and Harold Ratty (Tasmania) in their record eightday round-the-world Might, is to sponsor n now flight in the spring in an attempt to establish a fresh record. The same machine, the Winnie Mae. will he used. Frank Hover, a former United States Army flyer, will be the pilot, and Lieutenant Harry Connors will be navigator. Hover and TTall have left in the Winnie Mae for Oklahoma City on the first of a series of test flights,