Independent from Long Beach, California on April 3, 1962 · Page 9
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Independent from Long Beach, California · Page 9

Long Beach, California
Issue Date:
Tuesday, April 3, 1962
Page 9
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SL Firm Back in Gregory's^Hands * |HHHHH ^^^^ HH| |^ HH|H p ' * *'* * * * * * * * * * * * * Depositors Return Millions FRANK SINATRA holds his second cousin Sandra DIumbcrg, 10 months, at Long Beach Federal Savings Loan Association, 328 Long Beach Blvd., Monday afternoon. Sinatra and Dean Martin signed autographs for crowd that jammed the offices the first day it was open since April 22, 19GO. Sinatra's cousin. Mrs. Paul P. Blumberg, Westminster, stands behind her other daughter, Lorrie, -1. By ROBERT HEARD Everybody talks about bureaucracy and Its labyrinthian obstructionism, b u t Long Beach's Thomas A. Gregory DID something about it. He beat it. That is, he beat it In thc sense that his war with thc red-tape monster ended in a draw--and you can count how many times that's been done on one or two fingers. THE PAYOFF came Monday morning when Gregory resumed control as president of the Long Beach Federal Savings Loan Association, 328 Long Beach Blvd. He grinned wearily as Ira A. Dixon, member of the Federal Home Loan Bank Board, handed him the key to the association's front doors. It was the first time in 16 years that Gregory was out fron under what had grown to a mountain of encumbering legal documents. The opening of the firm's doors promptly at 9 a.m. followed an unprecedented joint session of Los Angeles U. S. District Court a n d Long Beach Superior Court. Using thc mezzanine in the association's offices. Judge Pcirson M. Hail of the federal court and Judge John F. McCarthy signed the orders they previously had approved to dismiss the 16 lawsuits still pending that stemmed from seizures of Gregory's company by thc bank board in 1946 and 1960. CAMMERT, vice president of Title Insurance and Trust Co. of Los Angeles, lets four of his ' . . . .. firm's employes demonstrate how accessible escrow agents m four counties arc to proceedings in Long Beach Federal Savings Loan Association offices Monday morning. Telephone lines were kept open to make sure $42 million transaction went through perfectly. Left to right: Veloris Bragstad, Charlotte Hanscn, Mildred Walker and Bernice Powers. Independent Tht Soulhlanft M Ttnnl Homing Kntipaptr ** TUESDAY. APRIL 3, 1962 -Page B-1 with Malcolm pleij TT WILL be a squeeze, but to this concourse from thc the new Long Beach Arena parking lot. This will climi- will be ready for its first nate the necessity of using major event -- the Intema- the old auditorium "horse tional Beauty Congress in elevator" to get to the con- August. Ken Wing, the supervising architect, says there was a delay in delivery of steel that threw things somewhat off schedule but he's still confident of completion in time for thc big summer show. T h e immense concrete oval structure on the beach cert hall. There will be more elevators and escalators inside the arena. While thc structure will be plenty big, getting around in it should be fairly casy._ By and large, the arena will be a vast and significant addition to Long Beach facilities for big public southeast of the Municipal. evcnts - " The PTM 5 !*** °f ' s ' Auditorium -- and dwarfing summer completion is ex- same -- continues to be a citing, matter of curiosity and con jecture, and an occasional A S I RAP out this daily quip by one of the local column, I'm not above wags. COME have been calling it making some errors, some of them quite amusing. (One time I shook thc town by using the expression "irrc- .1. -i in.- U ^ ;the silo. This may be sort , , h , of. funny, but is not par- £ mn ^ ars on ' ticularly apt. Most of the silos-I've seen had greater height than diameter, and the arena's situation is vice versa. Paul Wilcox, who was against it, described the arena as "the barn on the appears with things in it that I never put there, or with deletions that create strange impressions. So it was on Sunday, when beach." It's on the beach but it doesn't look like any bam you or I have ever seen. __ , . .. , , The shape of the structure the last two words of the pillars read: "Frank Finch, bird." Some readers may have wondered if this was some sort of a code or signal, or is functional. It is not perfectly round, it is an ellipse. Dimension one way is 360 {^"J,^ ^ frf d feet and the other 410. The picture of a gray mass it now presents will be changed by completion time. It is to be painted, with a No such thing. I had writ ten an item about Frank, who suggested that it was a pleasant pastime to put out fcr bjrds warm the predominat- ^ F fc ing color. There will also be . ____ _» ...LI.. « _ j LI..J. iu*Lr ... f . h ' ., cm areas of white and blue. But the column ran slight- That answers one question ly too | OI)( , for t h c allowed that is frequently asked. space . 5,, tne | ads ^ck shop cut off the Finch item. But COME OTHER interesting they failed to cut out thc first two words, with strange results. features: The arena will be linked to the main auditorium by a concourse, taking off from V° U HAVE to likc the fIaR thc same level as the audi- to do this: Mrs. William torium concert hall. This will Beecraft, 730 E. 21st St., make thc music hall more took 28.8SO stitches in cro- accMsiblc, because there will cheting a perfect 50-star be an elevator going right up banner. : Today in Long Kcacli i F I L M S -- "Life in I Sweden," Jordan High j j School auditorium, C500 p · A t l a n t i c Ave. Three · travel films, 7:30 p.m., [; \ North Branch Library, r ' 5571 Orange Ave., Los Ji Angeles library audio- f I visual director William I i Speed, guest speaker. f CRUSTY BUSHY-BROWED au , nvo , vcd ,,, one Judpe Hall who has been a ,, or anolher ,,, |he djs . «;^rs i h d e fi hai 0 b r ee 2 n 0 a 0 !nc t m.P-e "ad -* one had be- her of the bar, said it was the come * judge and another a First time he had heard of a mayor, [oint session of a federal and . . . . a state court. LOOKING BACK on the The judges, seated six feet Ies»l wars, Judge Hall said, apart, took turns in the scs- "I'm satisfied it just never sion, and each studied with a could nm its course." He said professional eye the operation t'n«e never was n court hear- of the other. ln S on the merits in any of In all his years of presiding the lawsuits. over complicated legal pro- Obviously not accustomed cccdings, Judge Hall said, he to bestowing compliments had never seen anything to lavishly. Judge Hall ncvcrthe- compare with the Long Beach less was unstinting in his imbroglio. Since 1946, he said, praise of Charles K. Chap- three of the more than 100 man, attorney for the Long 3cach association. Chapman tenaciously hung on year after exasperating ear though he had no guarantee the association's management would win and be able to pay him, Judge Hall said. §1.7 BILLION RESERVE Harbor Oil Staff in Offshore Work By LOU JOUST Long Beach Harbor's petroleum division will be used to develop an untapped $1.7 billion oil reserve off the ocean front. "City Manager John R. Mansell informed the Harbor Commission Monday that the city will use the port's 41- man petroleum staff "for technical and professional assistance in the implementation of this important program." The communication put to silence persistent rumor? that the city planned to create a duplicate petroleum division to handle development of the offshore pool which is estimated to contain 797 million barrels of petroleum and 163 billion cubic feet of gas. THE PORT commission reacted "enthusiastically" to the proposal and pledged complete support. Manscll told the commissioners Leonard W. Brock has joined his staff as petroleum properties administrator. Two assistants to Brock may be named later, the city manager added. The Harbor Commission ordered Dr. M. N. Mayuga, the port's chief petroleum engineer, to assist Brock in conferences on the development of the field to be held with State Lands Commission and the State Attorney General's office. * · * * PORT MANAGER V. L. Vickcrs estimated that the harbor department petroleum staff could handle "technical and professional" aspects of development of the field with a 10 per cent increase in per sonncl. In other actions, the Com mission: Ordered the port manage- ncnt staff to make a complete land use study of the Pacific Sportfishing Landing and restaurant and the Sea Scout Base with the location of a "first class" restaurant and sportfishing landing on the property. Asked that a study be made of an "exclusive lease" agreement for 6-acres on Pier G For a container terminal to operated by Sea-Land Service, an East and Gulf coasts trucking-shipping firm. The commission said it preferred to get a flat rental fee from Sea-Land rather than revise the port tariff. Sea- Land has said it wants a terminal which will handle 468,000-to'ns of containerized cargo the first year. Sea-Land said it would like to get the lerminal into operation in September. . Earlier, it has been suggested that the port reduce its 60 cent per ton charge for scneral cargo to 50 cents per ion because container operations do not necessitate the use cf cargo sheds and other facilities that conventional cargo-handling ships do. Vickcrs said he preferred the flat rental fee, probably in the neighborhood of $130,000 per annum, but had sug Rested the tariff revision be cause Oakland, where Sea- Land hopes to place a second I'acific Coast operation, has suggested this method. Deputy City Atty. Lcs Still said that conversations with Federal Maritime Commission officials in San Francisco in dicatc the FMC would put up no obstacles to revising the tariff downward. ALSO IN LINE for praise jy Judge Hall were Gregory, Dixon. U. S. Atty. Francis Whelan, Clarence S. Smith, jc assistant to the bank board, and Max Wilfand, associate general counsel to thc board. The judges signed the orders with a pen plumed with frilly orange feathers. "I don't know what the feathers signify," Judge Hall said, "unless you could say this is a kind swccping-up operation." They gave the pen to Gregory. One needed a "program to tell the players" crowding the mezzanine, and spokesmen for thc firm furnished just that--a list of 48 officials and attorneys directly connected with the mammoth and intricate transaction. SCORES of other officals and itched* as^hOudRcs THOMAS A. GREGORY (second from left) prepares to open Long Beach Fed- shuffled stacks of documents. oral Savings Loan Association doors at 9 a.m. Monday. The doors had risUM minu f tcs t jusT k t i o n co i m' '«*" closed si " cc " c Vcdcnl Hnmc ljlan Ilank I5oar(1 Scizcd tllC aSSOC '' V plete these "formalities." jjon 23 months ago. Participating in the ceremony are (I. to r.) U. S. Atty. Telephone lines were kept ,. · W helan, board member Ira A. Dixon, U. S. District Court judge open to escrow agents in Los Angeles, San Bernardino, Pcirson M. Hall and Long Beach Superior Court Judge John F. McCarthy. Riverside and Orange Counties to keep thc courts abreast of possible transactions involving property on which the association had trust deeds. --SUff THE DEEDS, $42 million worth, were turned over to the escrow agent. Title In surancc and Trust Co. of UK Angeles, in full payment nf the $-15 million advanced by the Federal Savings and Insurance Corp. to pay depositors after the I960 seizure. Thc dismissal orders and the escrow were only thc two biggest and most important (Continued Pace B 5. Col. 1) ;^^_ 3 H l : l··t ~ 4 f» City to Aid Son of Flubber You remember flubbcr. 1920, is getting into thc his eye on several retired It was thc star of "The Absent · Minded I'rofcs - sor," a Walt Disney production in which the act. At 10 o'clock this morning Mr. Tom Jones of thc Disney hierarchy is due to materialize at municipal benches. Represented by these old props. Beach will stand in for--Heaven forfcnd -- a small town business section of the headquarters of thc city's post World War I mi. public service yard. Thc lifiht standards will He is bent upon thc bring the city treasury ..... , .. purchase of a parcel of about $30 each. They will ready to make 'The Son outmoded light standards co-star with Fred Mac- of Flubber." And this that have been in storage Murray, who gets about time Long Beach, circa' since 1920. He also has $30 a second. magical rubbery blubber 1C01 San Francisco Ave.. boosted a Model T into orbit. Now Mr. Disney is

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