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July 07, 1982 - Image 9

Resource type:
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Publication:
Michigan Daily, 1982-07-07

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DAILY
CLASSIFIEDS
(Continued fromPagel)
0 AL
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Daily and pick up your two free tickets to the State
Theater. dH0707
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DAILY
CLASS I FIEDS

The Michiqan Daily-Wednesday, July 7, 1982-Page 9
Connecticut arson fire
kills 11, several missing
WATERBURY, Conn. (AP) - A . the residents often allowed transients to Police said Flores had been visiting
heavy-duty crane dug for bodies stay with them. Red Cross officials his niece, Lydia Madera, in one of the
yesterday in the charred ruins of twin said up to 165 people were living at the apartments. During an argument, he
apartment buildings following an arson apartments, but some may hve been set fire to a couch, but the fire went out.
fire that authorities said claimed at away during the Fourth of July holiday A second fire, which authorities said
least 11 lives. weekend. The Red Cross officials said ignited the building, was started in pa-
"We have recovered 11 bodies," the 123 people left homeless by the fire pers ina hallway on the third floor of one
Waterbury police Sgt. Robert Moran had registered atshelters. of the buildings, according to police.
said yesterday afternoon. He said Debris from the century-old Flores, who was held in lieu of
several people were still missing but buildings, about one block from the $500,000 bond, was scheduled for
would not give a specific number. city's green, was lowered onto a another court appearance July 19,
Authorities said a 29-year-old man sidewalk where workers hand-sifted for THE FIRE WAS discovered about 2
had confessed to setting the fire early more possible victims. Observers stood a.m. Monday when two policemen
Monday following an argument with his on adjacent buildings to watch for any smelledsmoke and went to investigate.
niece. signs of casualties. Patrolman Michael Dimaria said
THE FIRE THAT gutted the brick, STATE'S ATTORNEY Francis Mc- that when he arrived Flores was run-
five-story buildings was the worst fire Donald said Israel Madera Flores, 29, ning away from the building and Miss
in memory in this central Connecticut one Waterbury, was was arraigned Madera was shouting after him, "You
city, yesterday on three counts of arson- did it. Why did you do it?"
Police said it was difficult to deter- murder and one of arson, confessed to Inspectors said the building had no
mine the number of occupants because setting two fires in the buildings. smoke detectors.
I nquiry

closes
in Cardinal
Cody case,
CHICAGO (UPI)- The criminal in-
vestigation into whether the late Car-
dinal John Cody-leader of the largest
Roman Catholic diocese. in the country
for 16 years-illegally diverted church
funds to a woman friend has concluded
and no indictments will be issued, U.S.
attorney Daniel Webb said yesterday.
A federal grand jury was looking into
allegations Cody illegally diverted $6
million in tax-exempt church funds
from the Archdiocese of Chicago to a
life-long friend and cousin by marriage,
Helen Dolan Wilson.
CODY DIED of a heart attack April
25.
"Since the death of Cardinal John
Cody, I have extensively reviewed and
evaluated the remaining allegations as
they relate to other persons, and have
discussed the evidence to these
allegations with the grand jury," said
Webb, who acknowledged last Septem-
ber that the investigation was under
way.
"My office has applied our normal
prosecution guidelines and the decision
has been made not to seek any indic-
tments from the grand jury and the in-
vestigation is closed."

Daily Photo by ELIZABETH SCOTT
Sidewalk cafe
Business looks slow for this little girl and her lemonade stand, although tem-
peratures were certainly high enough yesterday for some cool refreshment:

FDIC liquidates bankrupt bank
OKLAHOMA CITY (AP)- Hundreds hours a day if need be" to serve $525 million.
of depositors seeking their money depositors, said William Isaac, chair- Nearly 100 people stood outside the
crowded the former Penn Square Bank man of the FDIC. bank's doors at noon, waiting to enter
yesterday as the federal government Isaac assured depositors with ac- the jammed lobby. A continuous line of
began liquidating the 21st bank to fail in counts of less than $100,000 that they cars wound through the drive-in lanes.
the United States this year. will get their money back because of Bank workers handed out glasses of
The comptroller of currency, C.T. FDIC insurance. iced water to those waiting outdoors in
Conover, shut down the bank Monday He said FDIC officials had no in- the 90-degree heat.
night and turned it over to the Federal dividual listing of uninsured depositors, Conover cited a "significant number
Deposit Insurance Corp., which is ac- but gave a "very rough" estimate that of loans for energy-related purposes"
ting as receiver, those deposits total $190million. as one reason forthe bank's downfall.
THE BANK reopened at 9 a.m. THE BANK had 28,000 accounts and The Washington Post reported Satur-
yesterday as the Deposit Insurance total deposits of $465 million, officials day that the bank had 80 percent of its
Nstiorlal Bank and will remain open "24 said. Its total assets wereestfinated at loans in energy_ ventures..-

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