Crime-of-the-Week

Fortnight ago, Paymaster Edward Connaughton of Socony-Vacuum Transportation Co.'s tanker line committed suicide. "Tell Head," read the note he left, "he is the biggest crook in the world." Last week Socony-Vacuum found out what he meant. William C. Head, 50, of Brooklyn, paymaster of the company's barge line, confessed that over a period of 25 years he had stolen $300,000 by padding payrolls. The company got its next surprise when it found itself in the fur and chicken business. Paymaster Head had invested his stealings in the model Twin Brooks & Hudson Fur Farms near Bangor, Me. and Twin Brooks Poultry Farm. For his plant he had bought $30,000 worth of automobiles, constructed an $18,000 laboratory, dams, a series of modern buildings. He said he had hoped to repay Socony-Vacuum out of his profits. The company took over the fur and chicken farms, put them up for sale, forbade Paymaster Head the premises, planned to start prosecution.

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