Word: humboldt
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...possible draft (7.5 million complied), the Government decided to prosecute some of the holdouts. The first indictment was handed up last week, and it was immediately clear that the Government had picked a target who could fight back. Benjamin Sasway, 21, of Vista, Calif., a political-science major at Humboldt State University, forcefully argued the anti-draft-registration position at a series of press conferences. Said he: "Conscription deprives people, most fundamentally, of the freedom of moral choice-the very essence of all other freedoms...
Stockbroker Gary Vance Lewellyn, 33, often told friends, and for a while the curly-haired financier from Humboldt, Iowa (pop. 4,794), made his dreams come true. Lewellyn, who ran a brokerage company in Des Moines, wore custom-made suits that he bought in batches. He lived with his wife and two children in a $200,000 home in a suburb of Des Moines. The family owned a Mercedes-Benz, a BMW, a Chevrolet and a Jeep Wagoneer...
Lewellyn paid for his stock by borrowing from five leading brokerage firms, including $3.1 million from Merrill Lynch and $16 million from Swiss American Securities, a unit of Zurich's Credit Suisse. He also reportedly misappropriated $2.8 million in Government securities from the First National Bank in Humboldt, where his father was president...
...friends and associates were stunned by the charges and reports that he had left behind brokerage debts totaling $22 million. Said Delmar Cram, principal of Humboldt High School, where Lewellyn was once student body president: "It's shocking as heck. Morally, you would have bet your bottom dollar on him." Cram added that Lewellyn was an "ambitious boy with sights set on the stratosphere." The Iowa criminal investigation division and federal agents are not looking quite that far, but they are checking leads in Costa Rica and Hong Kong...
...book is measured in days, the average $2.25 per paperback could no longer be considered an impulse-buying item. The result: of the 900 million paperbacks shipped last year, nearly one-third were unsold. The paperback recession was echoed in the diminishing rewards to writers. Saul Bellow's Humboldt's Gift brought $313,000 back in 1975, but The Dean's December earned about two-thirds of that sum this year, even though the author had become a Nobel laureate in the interim. E.L. Doctorow's Loon Lake (1980) got one-third of the $1.85 million...