Albuquerque Journal from Albuquerque, New Mexico on February 26, 1974 · Page 20
Get access to this page with a Free Trial

Albuquerque Journal from Albuquerque, New Mexico · Page 20

Albuquerque, New Mexico
Issue Date:
Tuesday, February 26, 1974
Page 20
Start Free Trial

B-4 ALBUQUERQUE JOURNAL Tuesday, February 26. 1974 Ir vA fr - .lourn&I Photo by Jerry Mctullougb Sharon O'Brien, Joyce Rhodes Clean Up Press Club Damaged by Fire Press Club Gutted By Morning Fire By BILL HUME Albuquerque Press Club members Monday began mopping up after an early-morning fire gutted several rooms on the south side of the historic press club structure at 201 Highland I'ark Circle SE. The fire caused extensive damage in the bar room and an adjoining lounge room, as well as a storage room ;ind one end of the kitchen downstairs. Damage was minimal to the other portions of the building. 'THEY WERE LUCKY the whole building wasn't destroyed," said fire investigator l,t. Nick Gunales. Gonzales said the fire apparently began in some antiquated "knob and tube" wiring in the wall between the kitchen and storeroom. It then spread upward through the bar and lourge room and damaged a bathroom on the top level. "We will make immediate progress on restoring the building," said club president Zane Blanty. Roy Davis of the General Adjustment Bureau, Inc., gave a "rough, off-the-cuff" damage estimate of about $8000. Insurance carried on the building will cover the bulk of the loss. l N r mi 5 DAN ELY WINTER IS NOT OVER YET! DAN ELY IS . "IIIS HAVING SEVERAL LOW PRICE SPECIALS THRU FEBRUARY AND MARCH COMPLETE MINOR TUNE-UP WITH FREE AC SPARK PLUGS Also includes points, condenser, and gst filler. ONLY COMPLETE CARBURETOR OVERHAUL $1fi00 2BBL. SO LAEOR (PLUS KIT) ?LAB0H (PLUS KIT) 4BBL. 5 POINT BRAKE SPECIAL 1. Adjust brakes and clean lining. 2. Inspect complete hydraulic system. 3. Pack front wheel bearings. 4. Check steering gear adjustment, 5. Inspect ball joints, control arms and tie rods. ONLY 12 BUICK f xJEJuarclian fjyii'inlpininre Vacuum vimiy 2801 CARLISLE NE APPOIMTMtNTS CM tl MADE SERVICE 345-2638 PARTS 345-5581 OUR SKCIUS INCLUH BUICK, OWL, CADILLAC, CHEVROLET, PON- TIAC, OL95M08ILE, OKLT GM PARTS USED. CHARGE IT 0 8ANKAMEWICAR0 MASTEACHARQE, AMERICAN EX PRESS, CHEVRCN, EBON, STANDARD OIL NO OTHER WORK DONE WITHOUT TCUR PRIOR APPROVAL Auditor Details Tokoph Loans An Albuquerque National Bank (ANB) auditor Monday detailed 19 loans made to David P. Tokoph over a two year period. Both Tokoph and Harry Weil, former ANB branch manager, are charged in a 23-count bank loan fraud indictment involving $696,803 over a two-year period. MONDAY ANB VICE-PRESIDENT and auditor Raymond Rose testified when the loans were taken out, towhom money was lent, and under what terms. Rose was also able to determine how the major part of each loan was spent. Testimony disclosed some of the loans involved repossession of collateral or were charged offasa loss by the bank. A review by Rose showed: JUNE 2, 1972, $10,000 loan to Tokoph with proceeds used to buy an Albuquerque National Bank CD for $10,000. Collateral was a 1966 Rolls Royce. One $200 payment has been made on the loan and it has been extended. -June 13, 1972, $1975 loan to Tokoph. Total received by Tokoph in cash. No collateral was placed. The loan was repaid with interest June 19, 1972. -June 26, 1972, $2500 loan to First Southwest Co. Proceeds were credited to First Southwest at ANB for $2500. Collateral was "real estate". The loan was repaid with interest July 20, 1972. -July 7, 1972, $8000 loan to Tokoph with proceeds going !o a bank money order to Tokoph for $8000. No collateral was placed. Payments were made in the form of $3000 cash July 28, 1972 and $5000 Aug. 21,1972 from another loan taken out by Tokoph. -July 10, 1972, $25,000 loan to First Southwest Co., proceeds credited to First South west atANBinthe full $25,000. Collateral of assigned funds due Arron Industries was used. No payments were made and the loan was charged of f March 1973. -July 17, 1972, $9757 loan Docs your child's school have police as councillors? iN f Ol Libprtics Union) to First Southwest. The loan was disbursed in the form of a $6000 money order, $1200 cash and deposit of $800 to First Southwest. A 1971 Cadillac limousine was used as collateral. After three payments and a balance owed of $810, the loan was charged off in September 1973. -JULY 18, 1972, $34,500 loan made to First Southwest Co., proceeds credited to First Southwest account at ANB in the amount of $34,500. Collateral of CD and a mortgage was used. No payments were made on the loan. Julv 24. 1972. $200,000 loan to First Southwest Co., proceeds of $144,279.22 credited to First Southwest with $55,720.78 to Distribut-Air. A McDonald 220 airplane was used as collateral. No payments were made on the loan and the airplane was repossessed by the bank. At one point, two loans were made the same day. -Sept. 11, 1972, $75,000 loan to First Southwest Co., with proceeds going to the First Southwest account. Collateral of 75,000 shares of Arron Industries was used. No payment was ever CI ONE POLICY FOR HOME, AUTO AND YOU? . Yes. At Berger Briggs you can combine both your homeowners and automobile policies. You can even Include disability income and mortgage life coverage In one comprehensive policy. One plan. One man. One premium. Find out how easy it is to convert to a convenient combination plan today. BERGER BRIGGS RiMltsHle Insurance. Inc. I your Mntleptndtilt I 215 3rd St.,SW, Z4-LWM iwme I agent . 4410-CWyoming,NE i made. The loan was charged off as a loss. -Sept. 11, 1972, $36,000 loan to First Southwest Co., with principle going to an earlier 19,485 loan with a $16,514.45 money order. Collateral was a T-33 airplane which wis repossessed after no payments were made on the loan, You cant improve on the original. Ml HALF GALLON. Consider these advantages: 1. There's a handle on it Easy to carry, easy to pour. 2. Less chance of running out. 3. It's a sensible way to enjoy Jim Beam and it costs less per drink. THE WORLD'S FINEST BOURBON. 8( PP0OF KtNTUCKV STRAIGHT BOURDON WHISKCY 0ISTIL1I0 AND B0TTLEO BY THl JAMIS B BEAW DISTILLING CO., CLERMONT, BEAM, KENTUCKY Slo - OSy Charts? leiision Electa Proposition 1: Proposition 2: Establishes a Code of Ethics to apply to all officials of the City. The Code defines and prohibits conflicts of interest, and provides for the disclosure of any financial interest in city matters. The Board of Ethics also enforces the election code. Violators may be reprimanded, fined, or upon recommendation to and action by the Council, be removed from office. Establishes an Election Code with procedures and rules for the conduct of City Election campaigns. Campaign expenditures are limited in amount. Contributions from any one contributor ate restricted, and contributions are to be reported and made public. Proposition 3l Establishes a nine member districted council as the governing body of the City. Provides for a full-time, elected Mayor who will be the City's Chief Executive Officer. The Mayor shall be paid $34,000 per year and Councillors $3,400 each per year. The Mayor with approval of the Council shall appoint a Chief Administrative Officer. You can obtain information about the proposed amendments to the City Charter by calling the CHARTER REVISION INFORMATION COMMITTEE at: 243-2101 243-6289 SPEAKERS FOR YOUR GROUP, CLUB, OR ASSOCIATION ARE AVAILABLE ON REQUEST. THE FOLLOWING GROUPS UNANIMOUSLY ASK YOU TO VOTE "YES" ON PROPOSITIONS 1, 2, and 3: 0 Albuquerque Unity O Democratic Party (County Central Committee) People's Committee for Better Government O Albuquerque Progress 0 Greater Albuquerque Chamber of Commerce Albuquerque Recall Committee 0 Albuquerque L. U. L. A. C. League of Women Voters Common Cause, Albuquerque Steering Committee Charter Revision Information Committee Other endorsing groups to be announced. No unanimous position taken on Propositions 4 and 5. CHARTER REVISION INFORMATION COMMITTEE 125 Second N.W., Albuquerque, NM 87102 Mail: P. O. Box 2128, Albuquerque, NM 87103 Committee Chairman: Edward L. Jory Committee Treasurer: J. R. "Bob" Garcia Office Manager: Ramona Montoya

What members have found on this page

Get access to

  • The largest online newspaper archive
  • 18,900+ newspapers from the 1700s–2000s
  • Millions of additional pages added every month

Try it free