MORE ON THAT FAKE AGNEW

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP88-01314R000300070016-9
• Release Decision: RIFPUB
• Original Classification: K
• Document Page Count: 1
• Document Creation Date: December 16, 2016
• Document Release Date: October 29, 2004
• Sequence Number: 16
• Publication Date: September 5, 1970
• Content Type: MAGAZINE

I1Ur'il'MN EVENTS P- 0 ? CY_ .2 , ct JIB R k . c _
Approved For Release 2005/01~1$F1Cf@7VDP88-01314R 03 JOL'1b01+6-6 "' (? ..-'s l'1~rt1
try
4
11'o 7
ByALICE`WIDENER
There certainly is a lot of big-time
hanky panky going on in certain press
and financial circles.
Readers of the New York Times and
Washington Post were startled recently
to see great big costly ads published
by a relatively new sheet--Scanlan's
monthly magazine--which purports to
have received one sheet of a four-page
memorandum filched from Vice Presi-
dent Agnew's office revealing there is
a plot to do away with the 1972 elections
and our Bill of Rights. The vice presi-
dent has publicly denounced the docu-
ment as "a fraud."
Evidently the New York Times and
Washington Post, which often editorial-
ize about money being the root of all
evil in the Pentagon, big business and
environmental pollution, don't regard
money coming from Scanlan 's magazine
for acts about a documentary "fraud"
as the root of any evil at all. The moral
precept at the Times' and the Post's
advertising departments appears to be
that if an ad is against Agnew with a few
other -good names blackened in, it's all
right and it's okay to put the money in
the till.
In the fraudulent document only the
-alleged letterhead "the Vice President-
Washington" refers to Mr. Agnew.
The most prominent name mentioned
is "Vic Borella" as Mr. Fixit in the
Big Plot. So I figured it would be fair
and possibly enlightening to query -Mr.
Vic. Borella, the very well-known labor
consultant to Gov. Nelson Rockefeller.
Mr. Borella told me about the Scan-
lan document references to him, "There
, p
g up
,
s
ares
isn't a word of truth in it. I don't know of Scanlan's Literary House, Inc.,
an O'Neill and I don't know an, alleged publisher of Scanlan's monthly. Then,
`Specialist' O'Neill." Mr. Borella says,we remembered, fund managers invest
'I never discussed the . hard hat New other people's money. The market, inci-
York demonstrations' with Brennan ofdentally, seems to have rendered some
the Building and Construction Workers form of higher criticism on the new
Trades Union until after I saw the dem-magazine; the stock came out at 3 in
onstrations on television. When 1 sawNovember, now is trading at about
him at a dinner later with it lot of other half that level."
labor people, we all commented on the
demonstrations." It is now about one-sixth that level.
Price Capital's June 30,' 1970, state-
Mr. Borella told e: "No oiie at ment shows no holding of Scanlan stock,
the New Yolk Thnes m chocked with so Price Capital sold it after Barron's
me in any way before the Scanlan's commented and before Scanlan's placed
the Jul" 1970 -w , d h h
n
a
the Vdashiu tcir Post asked tme a..
single question before , publishing
the ad."
What about Scanlan's magazine, of
which the editors are Warren Hinckle
III, formerly of the rirdical leftist Ram-
parts magazine, and Sidney E. Zion,
formerly of the New York Times? Well,
Scanlan s got off to a start last fall.
Mr. Zion held a press conference to an-
nounce it had plenty of money but not
where it came from. Reliable reporters
say Mr. Zion made extremely ugly' re-
marks .gout President Nixon and Vice
Preside -t Agnew.
It seems Sidney E. Zion has some
friends in certain quarters willing to
back his publishing enterprise. More
than 10 per cent of Scanlan's.stock was
bought by Price Capital Corp., it closed-
end investment trust listed on the Amer-
ican Stock Exchancc and headed by
Robert Price, former campaign manager
for Mayor John Lindsay of New York
City and former deputy mayor in the
Lindsay administration.
On . March '_9, 1970, Alan Abelson,
writer of "Up and Down Wall Street"
in Barron's Weeklr', it Dow Jones publi-
cation, commented: "How, we won-
dered. could any fund take it position in
a company with no operating history,
with a negative book value, 87 per cent
of its pre-opening assets represented by
pre-opening costs, and which, by its own.
admission, is in a very high-risk field?
That, of course, is just what Price Capi-
tal Fund did
ickin
26
000
h
deemed innocent until proved guilty,
even Charles Manson and Angela Davis.
Why didn't those newspapers make even
a. gesture toward Vic Borella of thee
Rockefeller office to protect his good
name from Scanlan's scandalous ads?
And who put up the money for 250,000
shares of Scanlan's at three dollars pc,-
share?
,er a, 1511 t o
c .11
ad was published to ask inc a single fraudulent memoranum.
question about the ugly allegations h e. or ter , d V 1 ' b-
in the rnemorjW vWdMP Wash a ~~~t I% MG e~;~l ~ 0300070016-9