“Fool’s Gold,” the one and only movie made by Spokane’s bankrupt Washington Motion Picture Corp., was finally making some money in East Coast markets, The Spokesman-Review reported.
It was being shown in New York and Pennsylvania, along with a few Midwestern states. The distributor, the Arrow Film Co., made 30 prints and spent $18,000 on advertising. So far, it seemed to be playing to “good business.”
The investors certainly hoped so. All of the earnings from the movie were coming to the court-appointed receiver, who was distributing any assets to the corporation’s many local creditors. The distributors hoped to sell the rights to the movie in many other states, and had already sold the foreign rights.
From the corporal punishment beat: Medell Cozzetti, 14, the boy whipped by the Bancroft School principal in a controversial incident, would not return to Bancroft or any other public school.
His mother said he and his younger brother would enroll in a parochial school.
She said Bancroft School would not take him back, and he did not get along at Garfield School, his previous school, “so it is better to send them to a private school.”
Also on this date
(From the Associated Press)
1995: An American Airlines Boeing 757 en route to Cali, Colombia, slammed into a mountain, killing all but four of the 163 people aboard.
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