anaheim-gazette 1949-07-07

ANAHEIM GAZETTE Active Member—National Editorial Association, California Newspaper Publishers Association and Weekly Newspaper Ass'n of Orange County NATIONAL EDITORIAL ASSOCIATION Published every Thursday at 259 E. Center Street, Anaheim, California. Phone 2206-2207 Entered as second-class matter at the Postoffice at Anaheim, California, under the Act of March 8, 1897 Subscription per Year, $2.00; 2 Years, $3.50; 6 Months, $1.25 HENRY KUCHEL, Editor and Publisher 1887-1935 Mrs. Henry Kuchel — Theodore B. Kuchel Editors and Publishers The Anaheim Gazette has been owned and edited by the same family since 1875. Washington Sees Red The big splotch of red ink on the Federal books is being matched by a flock of red faces in Washington. The deficit of $1,811,000,000 with which Uncle Sam wound up the 1948-49 fiscal year is three times larger than President Truman's estimate and is bigger even than that predicted by his critics. From now on the verbal battle will rage as to who is responsible for the deficit. The President will blame the 80th Congress for cutting taxes and the Republicans will blame the administration for not cutting down on expenses. In the meantime the national debt of a quarter trillion dollars which costs us about $5 billion annually in interest charges will be on its way upward again, and John Q. Citizen will have a still-heavier federal mortgage hanging over his head. or what they should be expected to endure. Again we say that Congress should act at once. If the lawmakers go home without taking action it will be a disgraceful exhibition of indifference to the welfare of half a million people—people who are as much entitled to consideration as any of us living on the mainland: Our Money Seems To Be Running Out The Government of the United States has many more things to watch and give attention to than in former times. So far, our country has met every challenge with bags of gold. Evidently the Russians have measured the wealth and influence of America—and that's the reason these Communists and warmongers have persisted in calling us a capitalistic nation. Molotov Faces East The puzzle about V. M. Molotov's removal as Soviet Foreign Minister last March 4 is becoming less puzzling. Molotov (his name means "the hammer") has been given the assignment of pounding the Chinese communists into line with the Kremlin's brand of Marxism. At least, that is the report from eastern Europe. If the report is true—and there is a general inclination to feel that it is—it indicates the importance of the far east in Moscow's scheme of things. Successful "cooperation" between the Chinese reds and the soviets would extend the Kremlin's influence to within easy striking distance of the Philippines, southeast Asia, India, Pakistan and Burma, and bring it much closer to troubled Indonesia. About half the world's population lives in this general area. Moscow wants to be sure, it is said, that the Chinese reds don't IN THE DAY LONG AGO By MRS. HEN 75 Years July 18, 1874 At the meeting of the Board of Directors of the Bolsa Chica Wharf and Forwarding company, held on Monday, the following officers were elected: John Fischer, president; D. W. Fields, vice-president; W. R. Oldim, secretary; Richard Heiman, treasurer. The articles of incorporation prepared by H. Hamilton. will rage as to who is responsible for the deficit. The President will blame the 80th Congress for cutting taxes and the Republicans will blame the administration for not cutting down on expenses. In the meantime the national debt of a quarter trillion dollars which costs us about $5 billion annually in interest charges will be on its way upward again, and John Q. Citizen will have a still-heavier federal mortgage hanging over his head. One especially significant phase of the financial story from Washington is this: the government collected less revenue this past year than in any of the preceding five years. So, it isn't merely a matter of rising expenditures but of falling income which account for the shortage. Public pressure will probably force the adoption of economies with some trimming both of the military budget and the foreign aid outlays. Certainly, the citizens won't go for higher taxes. Most of them agree they're too high right now. At any rate, the financial honeymoon which the administration has enjoyed in the past couple of years is over. From now on it's going to be tough to make ends meet. Hawaii Needs Help The rejection by the Hawaii longshoremen of the 14-cent hourly wage increase recommended by Governor Stainback's fact-finding board gives rise to the possibility that the strike may drag on indefinitely. For more than two months now the people of the islands have been struggling along under near-desperate conditions. They have needed help urgently. Now, with the end of the strike apparently in the dim future, that need becomes more pressing than ever. President Truman has said that he is helpless in the matter, but if this is correct, Congress is not helpless to pass emergency legislation which would give him the power to obtain a court injunction against the strike under the Taft-Hartley law. Certainly there is some means of meeting the situation and it's high time that Congress took action. The half million citizens of Hawaii have had more than their share of abuse. During the war they were kicked around shamefully and since then they have twice been all but economically strangled by dock tie-ups. There is a limit to what they can stand To Be Running Out The Government of the United States has many more things to watch and give attention to than in former times. So far, our country has met every challenge with bags of gold. Evidently the Russians have measured the wealth and influence of America—and that's the reason these Communists and warmongers have persisted in calling us a capitalistic nation. Well, that isn't anything to be ashamed of, especially in view of the fact that we are 100 per cent honest in our efforts to establish peace throughout the world. We haven't any concealed desires to rob any part of Europe, and we are willing to forgive enemies in former wars and take them to our bosoms as co-partners. Right now the world actually seems heading towards peace. If that goal is ever reached the credit for such achievement must go to the United States. Right at the present moment the Communists are "behaving a little better." This cold war that the Russians have been carrying on certainly has had a bad effect in the United States. Unless Russia plays fair with the United Nations and quits its efforts, to grab new lands that belong to other people there will be another outbreak. If there is the United States will have to play its part. Despite all the difficulties in the affairs of the world there is a 50-50 chance that the peace of the world is peeping out behind the Iron Curtain. Russian Bear Tracks The Congress has been urged to initiate military and financial support for a number of European nations. In the meantime the Marshall Plan has been active—even though it is tremendously expensive. Every few days we have "encouraging news" to the effect that Russia is "backing down" and "getting reasonable." As a matter of fact it continues to be our enemy. Congress is inclined to disagree with the President while he picks ambassadors to countries that have not relaxed their communist practices. The best men in the Senate insist on rejecting the Russian loving cup. According to the records there isn't very much chance that world conditions will get better for a long time. 75 Years July 18, 1874 At the meeting of the Board of Directors of the Bolsa Chica Wharf and Forwarding company, held on Monday, the following officers were elected: John Fischer, president; D. W. Fields, vice-president; W. R. Oldim, secretary; Richard Heiman, treasurer. The articles of incorporation prepared by H. Hamilton were approved and ordered filed with the county clerk. Four bids for the construction of the wharf were opened, the bidders being Gay and Dougherty, T. G. Sorenson, A. M. Hansen and J. P. Sheldon. Messrs. Gay and Dougherty were awarded the contract. Their bid for $30,-000 being the lowest offered. The time for completing the wharf has been extended to December. We were shown on Thursday last a mammoth orange grown on the vineyard of Mr. Hartung. The orange, which measures eighteen inches in circumference was pendant from a small branch on which were six smaller oranges. The tree from which it was taken is only five years old and is scarcely five feet tall. Mr. Fred Hartung has sent the orange to Washington territory, where it will no doubt prove a source of infinite wonderment to those dwellers in a northern clime. Twelve hundred goats were driven through town on Monday enroute to Guadalupe Island. They were the property of Lanstrum and Rogers, who are extensively engaged in raising of the Cashmere goat. Downey City is now quite a thriving place at the terminus of the Anaheim branch of the railroad. There are some twenty 50 Years July 20, 1899 G. S. Wilson, deputy grand master and his grand officers visited Anaheim lodge No. 199, I.O.O.F. on Tuesday evening and installed W. O. F. Schwenckert, N.G.; Chas. Ford, V.G.; F. S. Gates, secretary; Herman Stern, treasurer; H. A. McWilliams; R.S.N.G.; C.A. Boege, R.S.V.G.; Chas. E. Forman, L.S.V.G.; Oliver Hill, warden; J. J. Jeans, conductor; Robert Dunn, I.S.G. There was a large delegation present from Santa Ana and Orange lodges Speeches were made by W. A. Beckett, W.B. WE JUST WANT TO SAY .. If you're the kind of person who really takes pride in his home, you'll appreciate the durable beauty and skillful construction of our NEW, YALE Standard Tubular Locks! Simple, streamlined, compact, they'll give you many years of efficient operation... serve as an indication of a well built house! Come in—order yours this week! We Always Use Gazette Classified Ads! Motov Faces East A puzzle about V. M. Molotov's invasion of Soviet Foreign Minister Nicholas K. Chirin is becoming less puzzling (his name means "immer") has been given the hint of pounding the Chinese into line with the soviet brand of Marxism. At that is the report from Europe. The report is true—and there general inclination to feel it—it indicates the importance of the far east in Moscow's efforts to unite the soviets would extend beyond its influence to within striking distance of the Philippines, Asia, India, and Burma, and bring it closer to troubled Indonesia. Half the world's population this general area. Now wants to be sure, it is at the Chinese reds don't stray from the fold as Marshal Tito has. The tremendous advantages already gained by the Soviets through the success of the communists will be nullified if the top red leaders aren't kept in line. And it's pretty well known that Stalin has been worried about keeping them in line. Much of Molotov's work, therefore, will be to harmonize the ideological views of the Politburo and the Chinese communists, also to coordinate the overall Russian plans for social and economic, as well as political, cooperation in China. Meantime, the western powers have their worries, too. They are seeking ways of preventing all Asia from falling under the hammer and sickle. Within another year the center of the cold war may have shifted from Europe to the far east. That is the great battleground of the future. Jim McAulay has gone to Oxnard to work in the sugar factory. Mrs. Berringer has opened the Commercial hotel and reports business as good. Misses Lottie and Adella Dotter of Los Angeles are the guests of Mrs. Konig. 25 Years Ago July 17, 1924 Orange county has increased in valuation almost $10,000,000 during the past year. According to Assessor James Sleeper's figures the assessed valuation of non-operative property is $153,339,153, against $144,298,445 last year. Operative property last year was valued at $8,000,000. Sleeper expects a reduction in the tax levy because of this increase. The Board of Supervisors will appropriate $5000 to build a wharf and to place a loading crane at Newport Harbor. Members declared, in order that rock to be laid on the Coast boulevard between Newport Beach and Huntington Beach may be shipped into the port. "We have a $1,000,000 investment in the harbor now," said chairman T. B. Talbert, "and there is no way to utilize it unless we provide facilities for shipping." Immediate need for dock facilities for lumber shipments soon to come into the harbor, as well as future requirements, caused the board, it was added, to authorize the preliminary expenditure. J. L. McBride, county superintendent of highways is preparing the plans and specifications upon which the bids will be asked. The time honored "tin lizzie" which for a number of years has This being 4th of July week, suppose I should wave the flag and let the eagle scream. Frankly, the eagle doesn't feel like screaming at least not with joy and pride. He's having too many of his tail feathers pulled out in the 81st Session. Instead, I'll make a letter out of material I intended to put in the Congressional Record but I had to go to a committee meeting (the Palm Springs Indian Bill was reported out) and while I was there, the Thursday session adjourned. I can't include all the copy I would have used. The gist of the matter is the resolution passed around among Republican members, for signatures, asking the President to cut all appropriations from 5 to 10 percent, thus presumably bringing them inside the income of the Federal government. It has an appeal, until you analyze it. Of course, even a 10 percent cut wouldn't bring the budget figures for next fiscal year, which the President would cut, back to those of the present fiscal year. The real objection, and the reason I declined to sign the paper... 75 Years Ago July 18, 1874 The meeting of the Board of the Bolsa Chica and Forwarding company, Monday, the following office elected: John Fischer, D. W. Fields, vice-president; R. Oldim, secretary; Heiman, treasurer. The incorporation prepared Hamilton were approved red filed with the county Four bids for the con- of the wharf were open-bidders being Gay and by, T. G. Sorenson, A. M. and J. P. Sheldon, Messrs. Dougherty were award-contract. Their bid for $30,- is the lowest offered. The completing the wharf has ended to December. Are shown on Thursday mammoth orange grown on board of Mr. Hartung. The which measures eighteen circumference was pend-a small branch on which smaller oranges. The tree which it was taken is only old and is scarcely five Mr. Fred Hartung has orange to Washington where it will no doubt source of infinite wonder-nose dwellers in a north-hundred goats were rough town on Monday Guadalupe Island. They are property of Lanstrum ers, who are extensively on raising of the Cash-city is now quite a place at the terminus of beim branch of the railere are some twenty houses including all' classes of country business stores. The new Odd Fellows building is rapidly nearing completion. On Tuesday the enclosed lot on Los Angeles street adjoining the Presbyterian church was sold to Mr. James Furness. We understand that he will immediately proceed to the erection of a large shop and engage in the manufacture and sale of furniture, etc. Four hundred dollars was the price paid for it. It would be a good idea for everybody to "make a night of it," on the night of the 22nd, The scientist Parkhurst, avers that on that evening, the tail of the comet will encircle the earth and the result will be signalized by a brilliant meteoric display. Rev. W. A. Knighten of Orange will preach in the Presbyterian church tomorrow morning at 11 o'clock and in the evening at 8. No services will be held in the Episcopal church. Clark & Austin have sold an Eclipse windmill to John Hanna. A. Langenburger and P. Richards have purchased Babcock fire extinguishers. The supreme court has rendered a verdict in favor of the defendant in the suit of Langenburger versus Kroeger. Messrs. Knox and Crawford have been surveying the boundaries of Los Bolsas rancho during the week. The trial of the bandit Vasquez is set for next Monday in Salinas. 50 Years Ago July 20, 1899 Milson, deputy grand mas-sis grand officers visited lodge No. 199, I.O.O.F. day evening and installed Schwenckert, N.G.; Chas.; F. S. Gates, secretary; Stern, treasurer; H. A. As.; R.S.N.G.; C.A. Boege, Chas., E. Forman, Oliver Hill, warden; J. Conductor; Robert Dunn, ore was a large delega-tent from Santa Ana and lodges Speeches were W. A. Beckett, W.B. ton, D.C., where they attended the Golden Wedding anniversary of the doctor's parents. The doctor was absent two months and visited New York, Niagara Falls, Rochester and other points of interest. While in New York he rode with his wife and child in an automobile. Miss Margaret E. Landell, the accomplished daughter of Judge and Mrs. J. W. Landell of Centralia will be married on Wednesday next at Chateau Landell to H.C. Hargreaves, a well-known there is no way to utilize it unless we provide facilities for shipping." Immediate need for dock facili- ties for lumber shipments soon to come into the harbor, as well as future requirements, caused the board, it was added, to authorize the preliminary expenditure. J. L. McBride, county superintendent of highways is preparing the plans and specifications upon which the bids will be asked. The time honored "tin lizzie" which for a number of years has been a faithful servant of the police department, was badly shocked in a collision some days ago at the corner of Center and Los Angeles streets. W.H. Whalen was the man who ran into her. She is still able to get about. Dickey Melrose is spending his vacation in Marin county. He writes that he is having the time of his life. One night recently five deer came into the back yard from the adjacent foothills and the next night two. Dickey is laying plans to capture them and start a menagerie. First Lieutenant Raymond E. Smith, Infantry Reserve corps, 515 North Olive street, Anahelm, is assigned to the 91st Division Organized Reserves, and will report by letter to the chief of staff of the Division, Presidio of San Francisco, California, for instructions. T.B.Talbert, chairman of the Board of Supervisors has announced himself as a candidate for the state senate from this district. A third candidate is in the race for assemblyman. W.B.Allen of this city has shiled his castor in the ring and will contest the Republican nomination with S.C.Hartranft and Dr.Ball. A.T.Pendleton of Placentia was seriously injured in a collision at the corner of Placentia and Chapman avenues Monday morning when his Cadillac collided with a Bishop Baking truck. Mr.Pendleton sustained a broken shoulder and possible internal injuries. He was taken to the Fullerton hospital. Permit has been issued to John Brunworth to build a stucco residence on East Center street, the cost being $10,000. Harry D.Riley was again elected president of the Chamber of Commerce at the directors meeting Wednesday. F.N.Gibbs was chosen vice-president and George W.Reid, secretary, with the First National Bank as treasurer.Hen-around, among Republican members, for signatures, asking the President to cut all appropriations from 5 to 10 percent, thus presumably bringing them inside the income of the Federal government. It has an appeal, until you analyze it. Of course, even a 10 percent cut wouldn't bring the budget figures for next fiscal year, which the President would cut, back to those of the present fiscal year.The real objection, and the reason I declined to sign the paper is that our party, the Republican party, has been the outspoken supporter of this unique form of government known as the Republic a form so strong that for 160 years it has withstood the political economic and social storms, although every other nation in the world has changed its government at least once in the same time. We say that this strength lies in simplicity; in checks and balances; in protecting freedoms; in the division of responsibility between the three branches, the legislative branch makes the laws;the executive branch carries out the laws,and the judiciary,b y a 5 to 4 decision,tells us what they mean! When we circulate a petition asking the President to do work exclusively given to Congress by the Constitution,we suggest we are unable to do that job ourselves.Yet who criticizes the President when the executive branch encroaches on the legislative branch? Could it be the Republicans? We criticize thousands of regulations,which have the effect of laws we dislike the creation of a maze of bureaucracies by executive orders we say harsh words when a treaty is called an agreement because an agreement,even if it reads as a treaty would read,non't have to go to the Senate for confirmation we particularly dislikeficit spending. Last Thursday was a red letter day in our history, or a black letter day. We passed a bill by a margin of 43 votes,the housing bill, which "authorized and directed"the Treasurer to pay up to $19 billions on the demand of an appointed,not elected head of a government agencq without review or approval of the Congress,through any of its committees.The same day some of the Republicans signed this petition I am writing about which says in effect,we are unable to Thursday evening the Aid Association held annual installation of last president C. Spencer installing officer in the Brother Fredericks. The were installed into their chairs: Dr. G. S. Eddy, B. Elliott, vice-president, S. Gates, secretary; H. Susurer; Mrs. C. Spencer, and Wm. Pannier, sending to his absence Trus-Cayce was not installed. Rald Sandilands enter-Ladies Euchre club at on Thursday afternoon. Rize, a handsome vase by Mrs. Henry Kuchel, a china tray, by Mrs. the consolation, a flour Mrs. Kirby. After re-a business meeting was the club adjourned for or to meet again with they as hostess, the sec-day in September. K and wife and child their home in Fuller-tuesday, from Washington. Anaheim Gazette Since 1870 Miss Margaret E. Landell, the accomplished daughter of Judge and Mrs. J. W. Landell of Centralia will be married on Wednesday next at Chateau Landell to H. C. Hargreaves, a well-known young business man of Fallbrook, San Diego county. Miss Laura Roller, who has been visiting friends and relatives in Los Angeles the past six weeks returned home on Tuesday. Miss Laura attended the N.E.A. convention and the San Diego excursion. Samuel Hill has been hauling hay through town to his ranch near Garden Grove from the La Habra section. Sam drives one of the largest as well as finest teams of horses in the county and the hay is likewise of superior quality. Wm. Schulte was in town from his home on Orangethorpe avenue on Saturday. He reports the walnuts as promising a crop of excellent quality and is of the opinion that the output will be as large as last season. Jean Allec returned on Saturday from Los Angeles after attending the celebration of the fall of the Bastile in that town the day before. E. W. McCullum, the popular proprietor of the bicycle shop was married in Los Angeles on Tuesday to Miss Clara Gloege of Santa Ana. A. Pierotti and family and A. T. Pendleton and family of Placentia are spending the summer at Newport Beach. Permit has been issued to John Brunworth to build a stucco residence on East Center street, the cost being $10,000. Harry D. Riley was elected president of the Chamber of Commerce at the directors meeting Wednesday. F. N. Gibbs was chosen vice-president and George W. Reid, secretary, with the First National Bank as treasurer. Henry W. Adams resigned as a member of the board and Sid McGraw was elected in his place. Mr. and Mrs. J. S. Sheridan left Sunday for Alaska, on a tour that will probably last six weeks. They took the steamer Ruth Alexander at Wilmington. Mr. and Mrs. Clyde Webb spent Sunday at Balboa. Frank S. Gates has been seriously ill for several days. Mr. and Mrs. C. C. Reinert and family are spending several weeks at Laguna. Grace E. Johnson Claimed by Death Mrs. Grace E. Johnson, 60 years of age, passed away suddenly at her home at 321 Howard street, Los Alamitos, on Sunday, June 26. Born in Massachusetts, she had resided in Los Alamitos since 1924. Surviving are a brother, W. D. Parker of Philadelphia, Pa., a niece and two nephews. The deceased was a member of the Order of Eastern Star of Artesia. Funeral services were held at Los Alamitos Congregational church on Tuesday afternoon at 2 o'clock with the Rev. J. O. Whitaker officiating. Interment was in Westminster Memorial Park cemetery under the direction of Backs, Campbell and Kaulbars mortuary. Makes your shopping pleasant when you trade in Anaheim. Big Optimist Variety Show Set for Aug. 25 (Continued from Page 1) Two or three sites for the proposed boys' recreation club currently are beign studied by members of the Anaheim service club. Congruulations were extended during last week's meeting to the boys work committee for their backing of the Optimist baseball team for youths between the ages of 17-21, which has won its two initial games this season. Speaker for the occasion was Sheriff Glazier of the Los Angeles county sheriff's office who discussed "Crime Prevention." Sheriff Glazier emphasized that youth programs are instrumental in reducing juvenile delinquency and crime. The return in such investments, which appeal to vivid young imaginations and direct activities of energetic youngsters in the constructive channels, is found in the reduction of cost to the taxpayer for detention and criminal institutions, he said. Tonight's Program Ladies night speaker at tonight's program, July 7, at 7 o'clock at Mother's Kitchen, regular meeting place, will be the Rev. Alec Nichols, Methodist minister from Santa Ana. The pastor is well known for his addresses before mixed audiences, J. W. Stephen, program chairman for the year, stated. Darwin Stockwell will do the emcee honors for the evening. President Walt Gooden will preside over the short business session and welcome the Optimists and their ladies. do the budgeting job which is ours under the Constitution. It is still our job. The 80th congress, for the only two years in a continuous list of deficits since 1932, kept the expenditures inside the income. It can be done. This session we are back again to deficit spending. I could suggest that if you want to see a log-rolling at its best, just give one man dictatorial power to decide whether money appropriated in any of the 435 Congressional Districts shall be left in or taken out in applying the 5 per cent cut! I rise to remark that my name is one of the 64 not on the petition... California Last Week (Western News Service) The Governor expressed himself as pleased over the progress of the bill which liberalizes disability insurance payments by giving an additional $8 per day for 12 days for hospital care, and not so pleased over failure of the senate to bring the anti-slot machine bills out of committee; planned to take his family to Santa Monica for a vacation where he will spend several days after the legislature is over; signed the child care center bill keeping these open for another year, before the closing deadline June 30. The Legislature: Wound up six month of activity with its principal accomplishments being the passage of a billion-dollar plus budget, a refusal to impose new taxes VISITORS PERMITTED AT LIGHTHOUSE Visitors are permitted at the Point Reyes Lighthouse in Marin county on Saturday afternoon and all day Sunday, reports the auto club. Arizona has the second largest American Indian population of the states of the U.S. Makes your shopping pleasant when you trade in Anaheim. an appeal, until you answer Of course, even a 10 per cent wouldn't bring the budget for next fiscal year, which resident would cut, back to the present fiscal year. Objection, and the reeelined to sign the paper, our party, the Republican has been the outspoken warrior of this unique form of government known as the Republic so strong that for 160 years withstood the political, economic and social storms, alleyway other nation in the was changed its government once in the same time. By that this strength lies vicinity; in checks and balancing protecting freedoms; in vision of responsibility because three branches, the legisbranch makes the laws, native branch carries out law, and the judiciary, by a decision, tells us what they we circulate a petition the President to do work only given to Congress by institution, we suggest we able to do that job our vet who criticizes the Presenthen the executive branch does on the legislative could it be the Republi-We criticize thousands of bills, which have the effect we dislike the creation of bureaucracies by executors we say harsh words treaty is called an agree-cause an agreement, even as a treaty would read, have to go to the Senate formation we particularly deficit spending. Thursday was a red letter our history, or a black letter We passed a bill by a lot of 43 votes, the housing which "authorized and di-The Treasurer to pay up millions on the demand of rented, not elected head of government agencq, without approval of the Con-rough any of its com-The same day some of publicans signed this petition writing about, which effect, we are unable to The Legislature: Wound up six month of activity with its principal accomplishments being the passage of a billion-dollar plus budget, a refusal to impose new taxes on the people, and adoption of the measure permitting colored oleo-margarine to be sold in stores, a bill which has been before it in one form or another for at least twenty years. The legislature did not enact Governor Warren's program as submitted last January In his message to the solons, nor any part of the program with the exception of the liberalization of disability insurance, and allowance for continuance of the commission on organized crime. The Governor had some cuts in the budget he submitted to the legislature, but the total cuts were only a small percent of the total budget. His health insurance program was blocked for the third successive session and his recommendations for new taxes on cigarettes and liquor were killed. The Departments with the close of the legislature are ready to resume normal activities, and al- $50,000 or $50 savings accounts earn 1½% interest at Bank of America Every Bank of America savings account, no matter how large, earns 1½% interest, compounded Every Bank of America savings account, no matter how large, earns 1½% interest, compounded semi-annually. Deposits made on or before July 11 earn interest from July 1. Whether you have $50, $100, $500 or more, deposit it in Bank of America. In addition to all other protections, your dollars in this bank are secured by capital funds and reserves in excess of $325 million. For maximum protection and maximum availability always deposit your savings in a bank. Millions of Californians have savings accounts in Bank of America. Bank of America NATIONAL TRUST AND SAVINGS ASSOCIATION California's Statewide Bank MEMBER FEDERAL DEPOSIT INSURANCE CORPORATION MEMBER FEDERAL RESERVE SYSTEM