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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Sep 20, 1957
Page
15
The New York Board of Estimate approved about 946000 dollars for juvenile delinquency programs. The largest item, 462000 dollars, funds hiring additional police for the Juvenile Aid Bureau in the most difficult city areas.
Transamerica Corp plans to exit banking by reorganizing under the 1956 bank holding act. Frank N. Belgrano Jr. said Firstamerica Corp will receive Transamerica bank stocks then distribute Firstamerica stock to Transamerica holders around July 1, 1958, while Transamerica keeps insurance and non banking businesses. Firstwestern Bank would join the new entity as a banking arm. Occidental Life Insurance Co. of California remains with Transamerica, with a 1957 net profit of 313.8 million.
Charles Montague Bakewell, 90, former Connecticut representative at large and Yale philosophy professor, died Thursday in New Haven. Bakewell served at Yale from 1905 to 1933 and was a Republican figure in state politics.
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