The Los Angeles Times from Los Angeles, California • Page 107

lo 3nae its me SAN TELEPHONES NEWS-STate 1-2420 DISPLAY M330 CLASSIFIED ADVERTISING 14509 Sylvan, Van Nuys-ST. E-0741 OFFICE 5308 Woodman Van Box 431, 8 Pt.ll-' TUESDAY MORNING, SEPTEMBER 7, 1965 2 Apartment the Line on Rent to Owners Urged Hold dispute Barnett's statistics nor his prediction of a 24- past 3VS months building- of: units has been curtailed by 51V4 while the population influx has remained virtual BY SID BERNSTEIN TlmWlUHWrltir A suggestion that rents be lowered to attract tenants for vacant apartment house units isn't proving popular with the Apartment Owners' Assn. of San Fernando Val-ley. Ed Hankins, association fe pr HERO AND HIS HELPER Actor Clyde W. Houdeshell, who performs under the name Clyde Howdy, displays gun he used to help capture two burglars.

He will receive Police Commission honor Wednesday. Times photo DUE FOR CITATION Actor Portrays Hero, Captures 2 Burglars WINS AGAIN Mbj. Gen. Andrew Lolli, left, U.S. Army commander of the 6th Region, presents trophy to Col.

John L. Armstrong, commander of the 4th Missile Battalion, 65th Artillery, based in Van Nuys. Award was for group's second successive win of outstanding award for active army battalions in local region. Times photo month lag before existing apartment vacancies can; be filled. But, he added, a general rent cutting would result in lowering of resale values and could force many apart; ment owners into, foreclosure.

Gives "A prime reason why own ers should not reduce rent is due to a resulting summation of resale value, this be ing always based on an ap proximate eight-yeai total gross income of the units' of fered for sale," Hankins pointed "My advice to owpers is to expect no profit for the time- Deing, retrain from price cutting, but above all keep your building in top appeal." Hankins noted that a decline in apartment building should prove helpful to own ers of vacant apartment units. "Occupancy enhancement should be starting right now," he pointed but, "due primarily 'to only one encou raging actuality that tor tne ly the same." A lowering of rents, Han kins declared, would be pos sible only by 'a lowering of apartment standards. "frospectiye tenants should be aware you can buy. hamburger at 39 cents a pound but i ground round will always be available-but at a higher 'price, he said "Owners can only lower rents-by. renting to tenant on an' "as is" basis.

This! means painting, dirty car-1 pets, unkempt lawns, leaky faucets and untidy managers." Called Pawns The association is of the opinion; he added, that "we owners are simply the pawns or figureheads of the real owner? (the loan institu tions), fighting to pay our loan commitments on time or face foreclosure. Hankins said the owners cannot blame anyone for the dilemma they face since they signed documents in their re spective escrows. BY GORDON GRANT Tlmti stiff Writir that was standing there," ing lot of Brown's Shopping Center, 18670 Ventura at 7 p.m. Cars may be parked at the loading terminal. FREE CONCERT WILL NOTE CITY BIRTHDAY president, said multiple-d welling unit owners shouldn't cut rents, but, instead, keep their buildings in' good ehape and expect no profit for the time being.

-Hankins said he is in complete disagreement with the suggestion to lower, rents made last week by Philip A. Barnett, research director for the California Federal and Savings and Loan Assn. Vacancies to Continue In a talk on Valley vacancy factors to the association, from 21 to 22 will continue for another two years and can best be met by a general lowering of rents. Hankins said he does not IVhat Free tickets to the concert may be obtained at the Tar- zana Chamber of Commerce, 18345 Ventura Blvd. Bus transportation to the bowl will be available at $1 a person.

Seats may be ob tained by reservation only Buses will leave the park- Valley residents are invit-i ed to a free concert Wednesday at Hollywood Bowl to mark the city of Los An geles' 184th birthday. The 8:30 p.m. event is one of a series of birthday festivi ties being held all week. mates Lincoln Savings different from all Our savers know. WOODLAND HILLS A foot 3-inch television actor "who single-handedly captured two daylight burglars his neighborhood will be honored by the Police Commission Wednesday.

"If any good at all has come out of this incident," the actor, Clyde W. Houdeshell, said, "it is in the fact that our neighborhood has been brought closer together. We are aware of what can happen and we watch out for each, other." Ifoudeshell, whose professional name is Clyde Howdy and who has appeared in many "Lassie" shows as well as other productions, said he was at home at 5819 Jumilla Ave. about noon last Jan. 8 when he heard a woman creaming.

Sees Men Running "She was really cutting loose," he said. "I ran outside and saw.two men in old work clothes running down the street The woman, a' neighbor across the street, was yelling for someone to stop them, that they were burglars." Houdeshell dashed into his house, got a revolver, leaped into his pick-up truck and' began the pursuit. The men ran between houses, but when they came back onto the street Houdeshell was waiting for them. They scurried between more houses, repeating the maneu ver several times, but! each time Houdeshell headed them off. The fugitives finally ran out of breath and Houdeshell brought them to a halt, pointing his pistol at them One Breaks Away "One of them was pretty scared," the ector said.

"But the other one suddenly broke away and ran again. I knew someone had called the police, but I didn't want to lose that fellow." "I couldn't leave the man the others in the Valley? Houdeshell said, "so I told him to after the other- one. He couldn't believe what I was teliing him, but he finally started out, and I was right behind both of them. It was the only way I together." Police arrived moments la ter and both men were taken into custody- They since have been sentenced to pri son. Forced Entry Houdeshell said the wo- man who screamed had come home from shopping to find the two men ransacking her house.

Police said the men had simply knocked on the front door and, when no one answered, forced their way in. Houdeshell recalled that, during his pursuit1 of the men, he stopped at a house. some distance down the street to ask the occupant to call the police. "The man slammed the door in my face," he said. "I asked a motorist to help, and he took one look at me and my gun and said 'Are you and drove away." On the Alert But in his immediate neighborhood, Houdeshell said, everyone has become alert to strangers in the neighborhood.

"We all know each other's telephone numbers," he said. If we see some stranger in a neighbor's yard, we just call them up. It takes about five seconds to be sure every thing is all right. I think it is a system that should be used in all neighborhoods. It's protection, and you get to know each other." A Citizen Citation will be presented to wouaesneii in ceremonies at 1:30 p.m: Wed nesday at the Los Angeles City Hall for his "spon taneous display of courage and civic responsibility at! personal risk." ployer of Burbank residents who are working on federal projects covered by, the law.

Other residents are in. the U.S. Air Force, U.S. Navy or are working at air and space plants throughout the Southland. More than 4,000 sohool districts throughout the nation received benefits under, the federal law the past year.

maintained for a year. That's more interest 22 more than any bank in the San Fernando Valley pays in a year on a regular savings account. The more than 100,000 savers who have opened accounts at Lincoln Savings have made us one of the fastest growing savings and loan associations in Southern California. They've found out what makes the difference. Why don't you? Interest from the day we receive your savings paid at quarter's end.

Interest to the day you withdraw: your avings when.they've been at Lincoln six months or longer. Interest compounded daily earning new interest every day instead of monthly or quarterly. At Lincoln, your savings earn 4.97 a year when our current annual rate of 4.85 is compounded daily and Tickets and bus reservations should be made.no later than 5 p.m. Tuesday through the chamber office. The bowl concert, sponsored by the Los Angeles Birthday Committee, will feature the Los AngelesThil- harmonic Orchestra the listed below.

Schools May Receive $60,000 Aid From U.S. 'Like most busy people, I save by mail. Lincoln pays the postage so I even save iha ten cents I would have spent for stamps!" BURBANK City schools may receive $60,000 annually from "federal funds under a law providing for reimbursement of school districts for education of children whose parents are employed on fedr eral property. Dr. Richard M.

Clowes, superintedent, said the payments essentially are made In lieu of local property taxes which would be collected on non-federal property. The law allocating the payments has been in existence for 15 years but Bur-bank schools have not been able previously to qualify under a requirement that a minimum of 3 of the total enrollment of students in 'Our savings earn interest from the very we put them in to the day we take them, That's getting your money's day cut 'Lincoln compounds my interest daily. I earn Interest on interest every day. And that adds up in my passbook." LINCOLN SAVINGS 0 AND WAN ASSOCIATION Sherman Oaks Regional Branch Office: Riverside Dr. at Woodman, Sherman Oaki, Calif.

91403 ST 3-3130 Grrfagt Msumliy tht ftdtrit Svtlngt ml Lett hwrtnet Corp. Please open an account for same (names, if joint account) Please send the forms enabling Lincoln's officers to transfer my savings by mail. Please send additional information to: the district must fall within the federal classification. Dr. Clowes said a preliminary survey of the total enrollment showed that 2-2 of children in Burbanic would qualify.

A comprehensive survey will be mad1 next month. The Lockheed Aircraft a I I -State- City. -Zip. D.V I Office: Xj Anfolfi Corp. Is the principal eral.