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Press Telegram in Long Beach, California

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This newspaper page contains 5 articles. Subscribers can read the full text of each article.

Newspaper

Press Telegram

Location

Long Beach, California, United States of America

Date

Feb 25, 1961

Page

5

Examiners Called In Embezzling Stuns Iowa Town

Examiners were called in to investigate Iowa’s third pig banking embezzlement case in three months. Eldon L. Job, 59, president of Community National Bank and Trust Co. of Knoxville, killed himself, leaving an estimated half million-dollar shortage. He claimed bank funds were used to cover bad investments and to donate to Sunity National and other town ventures.

Knoxville Towa Iowa Smaill Eldon L. Job Community National Bank and Trust Co Job Sunity National Iowa State Savings Sheldon Sheldon National Bank Fidelity Bond Community National Malvern John E. Willard Malvern Trust & Savings Bank

X15 Flight Cancelled Amid Mechanical Trouble

NASA reported the X15 flight was canceled four minutes from drop from the B52 carrier due to a gyroscopic stability issue. Major Bob White piloted the craft. repairs anticipated for a possible attempt Tuesday. The article also notes unrelated bank embezzlement and local court actions in Iowa and Knoxville.

Edwards Air Force Base Calif National Aeronautics and Space Administration Air Force Bob White

Navy to trim reserve ranks under new act

The Navy plans to cut reserve personnel under a new statute effective next year. Aimed at equitable promotional chances, the policy would remove about 20 percent of captains from active reserve status to meet annual removal requirements through June 30, 1964.

Navy Sa Frith Sonnel

New U S Loan Chief Aims to End LB Federal Savings Dispute

Kennedy named Joseph McMurray of New York as chair of the Federal Home Loan Bank Board. Gregory had worked to settle a 14 year dispute between the association and the board. He said negotiations have been moving well and have not yet reached a final settlement.

Inew U.S. Loan L.B. Federal Savings Billeri press-Tate Washington Washington Kennedy Joseph McMurray Iew York Democrat Federal Home Loan ‘Bank Gregory Association

Eisenhower lumbago fades but golf still sidelined

Article notes President Eisenhower’s lumbago improving yet he remains unable to golf. Mentions board developments at Long Beach Federal, an appointment to the Senate Banking and Currency Committee, and interim chairman R A Dixon as Robertson resigns.

Palyl Springs Dwight D R. A. Dixon Robertson Dixon Long Beach Albert J. Robertson Kennedy

Also Mentioned on This Page

Draper L. Kauffman Marshall E. Dornin Harul Friday Kauffman Adm Dornin Helena Naval Postgraduate School Monterey Knoxiville Sheldon Bank Bernice Geiger Bernice Ned Tional Louis Vice Judith Drake University Navy Jemient Press - Telegram Artesia Balilower Camplon Lynwood Nurwal Amounl Orange County South Bay Area Per Anhun Culo United States Ocean Ave Wiewieck Independi Press Glenn ‘Allisoni Bowl Sar Aan Saheim Crown Bowl Ikvlled Artesian Orange SPM Bip Corher Teleflower South ST Lokewood Kelvinator Weber Model Dooley Hardware Long’ Beach Blvd Signal Stores, Inc So, Bellflower Blvd Downey Wallar's Furniture Firestone Blvd Huntington Park Russell & Co Pacific Blvd Laguna Beach Los Angeles Washer Wilson E. Florence Denzs Cancon KORTH Dixie Stores, Inc Artesta Blvd Wilmington
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