anaheim-gazette 1950-08-24

Chamber Brief (Continued from Page 1) zoning defects resulting from population growth and city expansion. This Chamber of Commerce is vitally interested in maintaining Anaheim on a sound economic foundation. It, therefore, is especially concerned with the provision of establishing adequate suitable zoned districts for the placement of industry. May we call your attention to the fact that there remains not one parcel of vacant land nor one vacant building within the present heavy industrial zoned district, M-3. This means that Anaheim has no industrial tracts to offer prospects seeking location for a heavy industrial plant. Since most industries are not interested in agricultural land unzoned for industrial purposes, industrial development in Anaheim is at the crossroads. Likewise, there exist no more available properties zoned for light manufacturing. Twenty-five years ago leading citizens wisely forecast the need for industrial income to augment agricultural income as a margin of safety to a prosperous community. The community policy of industrialization then established is now endangered unless adequate areas are zoned for new manufacturing plants. Anaheim's agricultural area is now saturated. There remain no land frontiers in which to expand. Actually, agricultural lands are shrinking and income is on the downgrade. At present Anaheim is too dependent on the Valencia orange. But, shockingly enough, about 10 per cent of Valencia growing lands have been converted into subdivisions and other Bank of America Offers Insured Savings Service A new and exclusive form of savings account service has become available at the Anaheim Bank of America and at all other branches of the bank, according to officials of the financial institution. Known as the Life Insured Savings Account, it is a plan for savings under which an individual undertakes a program of making monthly deposits ranging from $20, with a specified total goal in mind. Life insurance to guarantee achievement of the goal is provided by the bank under the terms of the new plan. Should the saver die after the program is undertaken, but before his goal has been reached, the entire amount of the savings go to which he had committed himself will be paid to a beneficiary of the saver's choice. Accounts earn Bank of America's full savings interest rate, and only where the customer drops a program before completion will he be charged the cost of the insurance protection. The accounts may be opened by persons under 46 years of age who sign a declaration as to the state of his general health. No physical examination is required. Full details are available at the local branch of the bank. Truman Roundup (Continued from Page 1) of industrialization then established is now endangered unless adequate areas are zoned for new manufacturing plants. Anaheim's agricultural area is now saturated. There remain no land frontiers in which to expand. Actually, agricultural lands are shrinking and income is on the downgrade. At present Anaheim is too dependent on the Valencia orange. But, shockingly enough, about 10 per cent of Valencia growing lands have been converted into subdivisions and other uses in the past five years. Approximately 7000 acres of citrus representing near one-half million trees will have been rooted out by the end of 1950. County citrus income reached its peak of $64,074,930 in the lush year of 1945. It dropped, with a thud, to $33,122,000 in 1948. It will slide well under this figure in 1950. In comparison, the county income was $33,717,000 in 1930. However, in 1930 the dollar was worth 100 cents. Today our citrus grower receives a 40 cent dollar for his fruit. Thus, the dollar of 1930 could purchase 60 per cent more for the grower than the present dollar. Each time a million dollar loss is sustained in agricultural income there must be a compensating industrial income to replace it. Moreover, population trends have indicated a continued skyrocketing of migration to Orange county, compelling all civic and governmental agencies to seriously think and plan or economic expansion. We admit houses built on or near railroad tracks are devalued, and literally upon completion. This is true whether or not industry exists nearby. Industry, particularly when selected, brings workers who are by far the best prospects for renters and for house sales since many wish to live within walking distance to work, particularly if the houses are not large and expensive. The economic meaning of an average plant hiring 150 men is one of the most trenchant arguments for industry for it portrays the wide spread effect a payroll check has in the community. Recommendations 1. Our only criticism of the newly proposed zoning map is the failure to extend the heavy industrial zone, which is now used up. We recommend the approximately 50 acres north of the presently zoned M-3 district running to Orangethorpe within the city limits be designated for heavy industry. We also recommend that the Planning Commission give serious consideration to the anthe railroads for the purpose of extending our light and heavy industrial zoned districts. 2. We further recommend that your Body meet with the Orange county Planning Commission and point out Anaheim's trend of growth into surrounding county territory to keep potential residential areas inviolate, to curb shoe stringing of business on the major highways, and by all means, to plan for the extension of M-2 industrial zones north to Orangethorpe, both east and west of the Union Pacific and Santa Fe tracks, but particularly the area lying between and about the Sant Fe and Southern Pacific railroad extending southeast from the present city limits to the Santa Hip, Hip Hooray! What Do You Say I Meet You at the Chic Shop Get Acqainted Offer Buy any blouse in stock and get an All Wool Skirt, Values $7.95 to $12.95, for.... Sweaters ... $2.95 up Jackets ... $7.95 up DRESSES, PURSES AND A COMPLETE LINE OF LINGERIE CHIC SHOP 12901 EUCLID AVE. GARDEN GROVE Phone GARDEN GROVE 497 Outside Shines Ram Victory L.A. GLEES (AP) — Glenn a three-time all-America West Point, from all inns has already earned his and with it a nice bonus—cookie in professional footlooking Glenn got the first chance to show his wares with the Los Angeles Rams last night and proved a big factor in the team's 34-31 triumph over the Chicago Cardinals in a National Football League exhibition. The Rams appeared better equipped for their next exhibition against the champion Philadelphia Eagles here next Wednesday night. Davis, who has a contract with a comparatively low base but fitted with a bonus clause if he shines for the Rams, had quite a night. He scored one touchdown on a sparkling 14-yard end run, set up another with a 38-yard dash and gained a total of 99 yards in 10 trips. He also threw a key block that enabled rookie teammate Dan Towler to score from 14 yards out. For an exhibition, the game—witnessed by a disappointing 16,-919 fans—developed into a mid-season contest and a rename bitterness between the two. At one stage rival back Younger of the Rams and Angsman of the Cards were issued for exchanging blows. Fullback Ventan Yablons the workhorse of the Cards. He scored two touch-booted one field goal and counted for all four extra after touchdowns. Follow this plan and get free life protect your savings goal...no medi Read these questions and answers— Then start your account NOW! How does a Bank of America Life-Insured Savings Account work? The plan provides double protection...you have not only a savings account in the safest of all places, the bank...but when you open your account you designate a beneficiary—wife, husband, child or anyone else—and, so long as you continue to make your payments on time, you have the extra security of life insurance protection. Set your savings goal—$100,$250,$500,$750,$1000. Save toward your goal over a period of 50 months. The amounts are shown in the chart. You'll find a plan that fits your purse. How much life insurance protection is provided? The amount of life insurance protection you have at all times your account is in good standing is the difference between your accumulated monthly payments and the savings goal you have set. What happens if you die? Your designated surviving beneficiary receives the full amount of your savings goal. What happens if you cannot complete the 50 payments? If for any reason you cannot complete the payments, the amount you have paid in, plus accrued interest but less a nominal amount for the cost of the life insurance, is immediately available to you. How and when are payments made? Payments may be made in person or by mail on or before the 5th, 15th, or 25th of each month. What interest does savings interest. How much does the it costs you nothing not complete your up to the time you is ½ of 1% per annuity of your savings goa Can funds be with Purchaser may with Naturally, such ac cost is charged to Who can start a Lif or child in good he under three months Can husband and w Yes. Every qualifie an account. How do you open complete the appli to any branch of B Use p APPLICATION FOR PURG 1, the undersigned, hereby a maturity value of $ (PLEASE PRINT) (hereafter to be referred to rate of $ with and the remaining paym (The monthly due date may What happens if you die? Your designated surviving beneficiary receives the full amount of your savings goal. What happens if you cannot complete the 50 payments? If for any reason you cannot complete the payments, the amount you have paid in, plus accrued interest but less a nominal amount for the cost of the life insurance, is immediately available to you. How and when are payments made? Payments may be made in person or by mail on or before the 5th, 15th, or 25th of each month. What happens if payments are not made on time? Your insurance protection continues for 30 days. Who pays the insurance premium? Bank of America pays the entire cost of insurance protection, if you complete your account. Here's your application... FILL IT OUT...MAIL TO ANY BRANCH NOW! The moment the envelope containing your application and first payment is postmarked, life insurance protects your savings goal! Bank of America NATIONAL TRUST AND SAVINGS ASSOCIATION MEMBER FEDERAL DEPOSIT INSURANCE CORPORATION • MEMBER FEDERAL RESERVE SYSTEM. season contest and a renewal of terness between the two teams. one stage rival backs Tank bunger of the Rams and Elmer ingsman of the Cards were banned for exchanging blows. Fullback Ventan Yablonski was the workhorse of the Card offense. He scored two touchdowns, noted one field goal and accounted for all four extra points over touchdowns. Stranahan Chased In U.S. Amateur MINNEAPOLIS (AP) — Frank Stranahan was chased by a pack of darkhorses in the National Amateur Golf tournament today. It appears Stranahan's big moment is at hand. Two rounds today will trim the field from 16, including three Californians, to four semi-finalists. The Toledo strong boy is the only heralded star left after a series of upsets yesterday. His goal of taking the British and U.S. amateur titles the same year—matching Lawson Little's "Little Slam" in the midthirties—may be realized. In today's fifth round, Stranahan faces Willie Barber of Woodland Hills, Calif., 34-year-old former golden gloves boxer and a brother of tourney circuit pro, Jerry. Never before a savings plan like this! BANK of AMERICA Life-Insured SAVINGS ACCOUNT life insurance to no medical examination! What interest does your account earn? Regular Bank of America savings interest. How much does the insurance cost? If you complete your account, it costs you nothing. In case of death, it costs you nothing. If you do not complete your account, you pay only the cost of the insurance up to the time you allow your insurance to lapse. Insurance cost is 1% per annum on the average balance of the unpaid portion of your savings goal. Can funds be withdrawn before reaching the savings goal? Yes. Purchaser may withdraw all or any part of the account at any time. Naturally, such action cancels the insurance protection, and its cost is charged to the account. Who can start a Life-Insured Savings Account? Any man, woman or child in good health under the age of 46 years. {Except children under three months of age who cannot be insured.} Can husband and wife each have a Life-Insured Savings Account? Yes. Every qualified member of the family can and should have an account. How do you open a Life-Insured Savings Account? In person, or complete the application below and mail it with your first payment to any branch of Bank of America. Use pencil as ink will blot on this paper APPLICATION FOR PURCHASE OF BANK OF AMERICA LIFE-INSURED SAVINGS ACCOUNT (AND SIGNATURE CARD) I, the undersigned, hereby apply for a BANK OF AMERICA LIFE-INSURED SAVINGS ACCOUNT of the maturity value of $___ . The account is to be opened in the name of ___ (PLEASE PRINT) (hereafter to be referred to as the Purchaser and/or Insured). I agree to pay for said account at the rate of $___ per month for fifty months, the first payment of which is submitted herewith and the remaining payments will be due monthly commencing ___, th, 19 ___ (The monthly due date may be designated as the 5th, 15th or 25th but the commencement date can not be more than 45 days after the date of this application.) Said account shall be subject to the terms and APPLICATION FOR PURCHASE OF BANK OF AMERICA LIFE-INSURED SAVINGS ACCOUNT (AND SIGNATURE CARD) I, the undersigned, hereby apply for a BANK OF AMERICA LIFE-INSURED SAVINGS ACCOUNT of the maturity value of $_____. The account is to be opened in the name of (PLEASE PRINT) (hereafter to be referred to as the Purchaser and/or Insured). I agree to pay for said account at the rate of $_____ per month for fifty months, the first payment of which is submitted here-with and the remaining payments will be due monthly commencing _____th, 19___ (The monthly due date may be designated as the 5th, 15th or 25th but the commencement date can not be more than 45 days after the date of this application.) Said account shall be subject to the terms and conditions set forth in the passbook evidencing the same. If a beneficiary is designated, all funds to the credit of said account at the time of death of the Purchaser plus any insurance proceeds shall be paid to such surviving beneficiary; I reserve the right to change said beneficiary at any time upon written notice to the branch of the bank where said account is opened. Representations for Life Insurance The Purchaser is in good health and has never had heart trouble, tuberculosis, cancer, or other serious disease, and is not less than three (3) months and is under forty-six (46) years of age. The Purchaser does not now have any BANK OF AMERICA LIFE-INSURED SAVINGS ACCOUNT(S) in Bank of America National Trust and Savings Association, the unpaid balance(s) of which when added to the unpaid balance of this account exceed(s) $1000.00. These representations are true and shall form the basis for insurance on this contract, and such insurance shall be subject to the terms and conditions of Group Policy No. 1933L issued by the Occidental Life Insurance Company of California. Premiums for said insurance shall be paid by the bank; provided, however, if this contract is not completed, the premiums may be charged to said account. The bank is authorized to charge the commercial account of is not ___ for monthly payments. MR. MISS MES. DATE (Sign here. Do not print) IDENTIFICATION DATA FOR PURCHASER IDENTIFICATION DATA FOR DESIGNATED BENEFICIARY Name of Purchaser Street Address City & Zone Age Birthplace Business or Occupation Telephone Father's Name Mother's Maiden Name