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Bakersfield Sunday Californian Newspaper Archives Sep 2 1973, Page 21

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Bakersfield Sunday Californian (Newspaper) - September 2, 1973, Bakersfield, California He became millionaire by error Loans for Rural residences available from land Bank it is now possible for Rural residents to obtain Long term residence Loans from the Federal land Bank association of Bakersfield. Ernest a. Neufeld president and James c. Beagle general manager jointly announced Gary Garone Branch manager of the Antelope Valley Branch of the Bakersfield production credit association has been authorized to take applications and make appraisals on Rural residence Loans in the territory served by that Branch in los Angeles and Kern counties and that Foster Webb Branch manager of the Bishop Branch of the Bakersfield pc. Has been authorized to take applications for Rural residence Loans in Inyo and Mono counties. Loans to 30 years May be made at interest rates that Are favourable to homeowners. The Federal land Bank association of Bakersfield makes and services Federal land Bank Loans in Kern Northern los Angeles Inyo and Mono counties South of the Conway Summit. On june 30 of this year this association has 32.5 million dollars of Loans outstanding. Roger d. Randall Stock Sale Quot 0rmer eau hyc Alog Diamond drilling bit that set new depth record was presented to great basins Petroleum co. Executives at Century City reception. Previous 21,482-foot record was surpassed at great basins Tenn eco no. 31x-10, 35 Miles Northwest of Bakersfield. Great basins continued past 21,640 feet. From left Are Robert l Brakefield of Rucker hyc Alog who presents bit to Jack Wahl chairman of great basins and Charles w. Hatten president. At far right is Robert l. Reese president of Reese sales co., Bakersfield. Kern oilfields by bal Rintoul California news service Given Okay los Angeles up a a Superior court ruling has cleared the Way for the Sale of Irvine co. Stock held by the Irvine foundation to meet requirements of the Federal tax Reform act of 1969. Judge John a. Loomis has approved a suit filed by the charitable foundation against the state to allow it to change a provision under which the foundation was founded in 1937, barring it from Niece meal Sale of its capital assets or stocks. The foundation owns 54.5 per cent of the Stock of Irvine co., a landholding and development company which owns 80,000 acres in Orange county and extensive acreage in the Imperial Valley and Montana. The 1969 act however requires tax exempt foundations to divest themselves within to years at interests of More than 20 per cent in private companies and to meet certain annual payouts to Charity based on the appraised valuation of the company. In the fourth Quarter 1972, Issue of a the Humble Way a now a Exxon .a.,�?� an article titled a we dare boys to be men a written by Don Dedera described tit r. M. Pyles boys Camp in the High Sierra out of Porterville. The Camp was established in 1949 by the late r. M. Pyles As a Mountain Camp for City kids More specifically disadvantaged boys from the Oil producing areas of California. Supported by men and women of the California Oil Industry the Camp has offered a High Sierra camping experience to some 9,000 boys. No sooner had the article appeared than d. I. Bolding of Exxon a los Angeles staff received a Long distance Telephone Call from Laverne Chandler in new York private Secretary to Ken Jamieson Exxon a chairman of the Board. Is. Chandler an Exxon employee for 21 years had read the article. She wanted to know what she could do for the Camp. Bolding contacted Bob Smokey Mcadams Camp manager to relay the offer of help. Mcadams said a if she can Cook it would really help Bolding called is. Chan Bank names woman to key Post promotion of Alicia Hernandez to operations officer at Bank of americans Bakersfield Westchester office was announced by manager John m. Condry. Miss Hernandez was assistant operations officer at the first and Chester office before her promotion. A native of Lindsay miss Hernandez joined rile Bank there As a Teller in 1967. In 1971 she was appointed assistant operations officer at Bakersfield Hillcrest and a year later assumed her Post at the first and Chester office. New dec picture Oak Ridge Tenn. Up a the atomic Energy commission has produced a new motion picture at the Oak Ridge National Laboratory covering biological engineering research at the facility. The film is available for Public use. Dler. He asked if she could Cook. A i can Cook for myself a mrs. Chandler replied. Could she Cook for the Camp a ooh my goodness a was the reply Bolding recalls. After thinking it Over is. Chandler accepted the Challenge. Through the Spring of this year is. Chandler prepared herself for the Job of Volunteer Cook by attending school in new York at the Marriott school for cooking. Marriott is a Well known food serving caterer in the City. She went to school for two hours each Day for four months. This of course was in addition to her full time work As Secretary for or. Jamieson keeping records handling correspondence and other matters. The moment of truth came at the beginning of August when is. Chandler arrived at Camp prepared to handle the cooking chores. Originally from Longview Texas she quickly picked up a nickname Tex and a following finding plenty of healthy appetites. Cooking for approximately too persons she was particularly impressed with the great a mount of meat the campers ate including roasts stews and ground round in ample Supply thanks a says Bob Mcadams a to the sponsors of Pyles Camp insisting on boys eating their fill while in Camp. Another favorite she found was Spaghetti. Plus plenty of potatoes and Gravy Green salads plenty of biscuits and of course desserts. Of the Campos Volunteer Cook Mcadams said a she is a wonder and we Are most pleased with her. She is All we could have and what was the campers reaction is. Chandler celebrated a birthday during her months stay at Camp. She made no mention of the fact but campers deduced As much when mail Call brought her a Large number of greeting cards. At night after is. Chandler was safely out of the Kitchen campers descended on the me shall and working with secrecy and a minimum of Light proceeded to bake a birthday cake so that the whole Camp might celebrate their Cooke a birthday. It was a fitting memory for mrs. Chandler to take with her when she flew Back to new York late last week after the last Day of Camp ending her unique four week a associated with Law firm Roger d. Randall former Kern county Deputy District attorney has become associated with the Law firm of Goldberg amp Fisher. Randall a Deputy District attorney for four years is a native of thief River Falls Minn. He attended Public schools in Yuba City and is a 1963 Bachelor of arts graduate of the University of the Pacific a National Merit scholar 1959-1963�?and Holder of a degree 1966, from Yale Law school. He served 1966-1969 in . Army was a medical service corps Captain and adjutant at Letterman general Hospital san Francisco. He had a Brief private practice before joining the District attorneys staff and earlier this year he and District attorney Albert m. Leddy conducted a series of lectures at attorney seminars in los Angeles Fresno and san Francisco Bay area. Randall is a member of the american bar association and its Section on criminal Law and of the state and county bar associations. He was Kern county bar association representative on the Board of directors Kern county econ Momic Opportunity corp., 1971. He and his wife Virginia whom he met while she was a doctoral candidate at Yale graduate school and married in 1966, Are the parents of four Jennifer Jocelyn Jessica and Jeremy. Randall is a member of St. Johns lutheran Church and was the 1971-72 chairman Board of stewardship. Robert Bosworth has joined the staff of Bakersfield production credit association and will work As their livestock Field representative. He recently was graduated from us Davis. Nature Reserve Brandon England up a a 40-acre site near Brandon which is noted for its colonies of spiders has been bought by the Suffolk Trust for nature conservation As a permanent nature Reserve. Housing starts drop in state san Francisco Bank of americans economics department reports that new housing starts in California dipped in july to a seasonally adjusted annual rate of 194,-000 units Down almost to per cent from june and 15 per cent from a year ago. The major share of the decline the Bank a economists said was in apartment projects with five or More units. Single family Homes increased to Over 56 per cent of new starts. Trying new name on for size Are John r. Williamson executive vice president of Gibraltar savings left and John w. Overton managing officer of the former United savings of Porterville which has merged into Gibraltar. United savings becomes part of Gibraltar firm the United savings of Porterville has become a part of statewide Gibraltar savings and accordingly has changed its name to Gibraltar it was announced jointly by John w. Overton managing officer of United and Herbert j. Young president of Gibraltar. With the addition of United a four offices now open and a fifth authorized in Tulare Gibraltar will have 40 offices throughout California. Gibraltar a assets of $1.3 billion place it seventh among the nations 5,400 savings and los Angeles cd a Sidney Kline got Rich because he made a boo boo on his first business Deal. Now Worth several million dollars at 39, he is embarking on a third career. He tells this Story of How he got his business Start after being discharged from the Lith airborne division in 1953 a i needed something to do and at that time they were building freeways. I went to an auction where the state was auctioning off houses and i bought a two Story mansion for $395. A i wanted to sell the House and have it moved. When i tried to sell it i discovered the House was too big to be moved. The Only Choice i had left was to wreck the House. So i started wrecking it and Selling the materials. A when i had sold most of the materials i needed a place to store the rest so i went to Al Monte and rented a vacant lot. I stored the stuff on the lot and started Selling it. And that show i built a $20 million from the vacant lot evolved a Chain of Angels Home improvement centers. Kline was the innovator of self service sales in lumber an idea that proved popular and Bas been widely adopted in the Industry. In 1968. With several major stores in operation and others planned Kline sold his business to Davlin inc., a discount merchandising company. Kline was hired by Daylin to take charge of its merger and acquisition program. When he went with Daylin the company a annual sales were $81 million. By the time he left this year volume exceeded $500 million. Kline a original firm was renamed Handy Dan Home improvement centers and grew to 43 stores with annual sales of $52 million in Oklahoma Texas new Mexico Colorado and California. Kline recently organized his own company in Beverly Hills to handle mergers acquisitions and investments. Her Calif on Tati sunday sept. 2, 1973 21 John a. Hauser assistant vice president and assistant manager of Crocker Bank s Modesto office has been promoted to assistant vice president and manager of the East Bakersfield Branch. He has been with Crocker 21 years. Litton reports earnings Down s8.03 million Beverly Hills a Litton industries inc. Says fourth Quarter net earnings have been Cut by an extraordinary loss of $8.03 million due to several divestitures. Litton said 1973 fourth Quarter net earnings dropped to $3.77 million from $12.17 million for the same period a year ago. In a preliminary earnings statement issued tuesday the Beverly Hills based conglomerate said its income for the year ended july 31 was $43.03 million a vast increase Over the $1.11 million profit reported for fiscal 1972. The statement said the 1973 net earnings were equal to $1.05 per share on net sales of $2.46 billion compared with a loss of 14 cents per share on restated net sales of $2.24 billion in fiscal 1972. During fiscal 1973 Litton discontinued or sold Stouffer foods portions of its Industrial products group its great lakes shipping activities part of its Aerial Survey business and part of its Revenue control systems business. San Diego 0 a Federal judge has set sentencing oct. I for two former Small business administration official who pleaded guilty to trying to arrange kickbacks on $700,-000 in sea Loans. William Pellow a former sea attorney in san Diego and Robert l. Marlette an Exlean officer entered their pleas before . District court judge Leland c. Nielsen. The men pleaded guilty to single counts of bribery and conspiracy contained in a 42-count indictment returned by a Federal grand jury last december. The pair admitted taking $1,750 to arrange a $25,000 loan to Mission steel co. Of san Diego. Assistant . Attorney Lyn Goldberg said the men also pleaded guilty to a county alleging several conspiracies to obtain Loans on which there would be kickbacks. My pop n Albir Iii Tiller Lull film. It m a fluid m in a Ivl Ujj Quot go. A go j we 4 a a a in i amp Jet Tim in it a a amp William b. Ortman assistant vice president and manager of Crocker Bank s East Bakersfield office has been named vice president and assistant manager of Bakersfield main Branch. He replaces Charles f. Boothby who will manage the Bank s Merced office. Paul c. Campbell Campbell serves on National jewelry Board Paul c. Campbell owner of the american jewelry company of Bakersfield was recently elected to the Board of directors of retail jewellers of America inc the election of Board Mem Bere was part of Rjay a annual meeting of members held in conjunction with Rjay a 1973 fall International jewelry Trade fair and convention at die americana and new York Hilton hotels. Campbell who will serve i three year term on the Board has been a member of the Board of the California retail jewellers association and he was elected president of the american jewelry co. In 1969 on the retirement of his Uncle j. N. Cheney. John Seidel named head of life underwriters Robert l. Denning was named president of the Bakersfield association of Independent insurance agents at a luncheon last week at the Hill House. He is vice president of Henry m. Roth insurance inc. John r. Seidel was installed As president of the Bakersfield chapter of rile chartered life underwriters at a recent meeting at the Bakersfield inn. Seidel is past president of the Kern county life underwriters and is a Board member of the Southern Sierra Council of boy scouts of America. He has been an equitable agent since 1952 and is a 1949 graduate of Stanford University class of 1949. Ken Peters was elected vice president Jim barks Secretary treasurer. Bill Cross and Nick Forcillo were elected to the Board of directors. To qualify for the chartered life designation an individual must Complete a course of study and demonstrate his competency to rile american College of life underwriters by passing a series of College level examinations in areas such As life and health insurance pensions Trust Law taxation finance economics and business and estate planning. Most requirements consume a period of five years to Complete. John r. Seidel four agents in by life s top club four Bakersfield agents Are members of the 1973 top club of new York life insurance co. They Are Angelo a. Haddad Clu 2501 Crest drive Jerry v. Karr 148 Pasatiempo drive Elbert v. Moosios 3031 Doris Lane and Donald j. Border 2300 Kent drive. Top cd lib members qualified to attend a recent educational conference in san Francisco. Top club membership is based on 1972-73 sales records according to general manager Jerry Schuyler of t h e company a Bakersfield office. Loan associations. Overton emphasized that although the name has changed there will be no change in staff or management. In addition to Overton As manager of the Porterville office other managers include John Gregg in Bakersfield Marcel Auger in Delano and Jeff Welks in Lindsay. Gibraltar savings is a member company of Gibraltar financial corporation of California listed on the new York and Pacific Stock exchanges. Prison system in Texas praised Huntsville Tex. Up a an Illinois department of corrections official touring the Texas prison system said it could serve As a Model for correctional institutions across the country because of its rehabilitation projects. A i toured one unit of the Texas state department of corrections and there Are More programs going on in that one unit than in All the correction institutions in Illinois a said Winston Moore director of the Cook county department of corrections. Time for a change to j it at Al a am a and item a see our All new look a investigate our people to people service a new higher rates Call or come in for details a a gift for you Rand Mcnally travel guide 151718th St. Between Chester and i 324-4773

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