Word: hedlund
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Dates: during 1950-1959
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...Donol Hedlund, a respected and influential Seattle mortgage banker, flushed deeply, swallowed hard, spun the saddest yarn of all. With Joseph McEvoy, the nephew of Beck's wife, and one other associate, Hedlund established the National Mortgage Co., thanks partly to the $35,000 contribution from Uncle Dave to McEvoy. Then Hedlund, Beck and Teamster Lawyer Simon Wampold organized an outfit called the Investment Co., which drew brokerage commissions on Teamster money invested by Beck. Through the mortgage company, Beck put a tidy $9,000,000 in Teamster funds into mortgages, and through this company, Beck's family...
Within this interlocking framework, by Hedlund's painful testimony, Beck pulled his worst on a Teamster's widow. Ray Leheney was a union official and longtime friend of Beck. After Leheney's death, Beck first collected nearly $80,000 in assessments and contributions from union members to form the Ray Leheney Memorial Fund for the benefit of Mrs. Leheney. Then, as the trustee of the Teamster funds, he "loaned" the National Mortgage Co. $71,407, with which he and Hedlund bought contracts at a discount. After some $10,000 in payments had been made on the principal...
...vacation injuries should not prevent the track team from taking its third straight indoor meet tomorrow when Jaskko Mikkola's athletics will be top-heavy favorites over Oscar Hedlund's weak and inexperienced M.I.T. squad...