anaheim-gazette 1953-01-07

Anaheim Rotary Gets Information About Northrop The Anaheim Rotary club at its boon meeting Monday saw a film about the Northrop Wing and heard George Reish, assistant to the manager, and Marvin Gaut, chief of matériel, describe Northrop's Anaheim operation. Gaut said Northrop's Anaheim division is one of the four or five larger precision optical assembly plants in the United States, and among the first 10 in the world. He said the company feels the Anaheim plant has a great future in the optical field. Reish described the Northrop YRB-49 Flying Wing as a greatly advanced step in aeronautical engineering. The craft which has neither tail nor fuselage is said to fly farther, faster and higher with a greater weight of cargo than comparable conventional aircraft. Northrop builds aircraft at its facilities in Hawthorne. Jack Northrop, former president of the aircraft corporation, began design work on the wing in 1923. His idea, however, was too far advanced for the times, so work on the plane was delayed. In 1928 he tried again and was able to build a Flying Wing with a short tail boom. In 1940 a true wing was built. Later developments resulted in the YRB-49. Further construction on Flying Wings, however, has been delayed, Reish said, because of the urgent need of plant capacity to build military airplanes for Korea. The program was introduced by Hugh Bridgford; Arch Baker presided. Others heard from during the course of the meeting included Cosmo Wise, Dr. Ed Jordt, Carryl White, Howard Irwin, Le-Roy Ater, Dr. Howard Tews, and Mel Gauer. NO WONDER THEYRE HAPPY — The reason young people look so pleased with the world is that they recipients of the first movie contracts of 1953. All were signed by Universal-International to contracts. They Leslie Gaye (left), 17, a sister of Actress Debra Pa Carole Carter, 16, discoverer by movie scouts via a Wood High school magazine cover; and Brad Jackson who's been running a chicken ranch while trying to w film break. Further construction in the YRB-49 Furthest in Flying Wings, however, has been delayed, Reish said, because of the urgent need of plant capacity to build military airplanes for Korea. The program was introduced by Hugh Bridgford; Arch Baker presided. Others heard from during the course of the meeting included Cosmo Wise, Dr. Ed Jordt, Carryl White, Howard Irwin, Le-Roy Ater, Dr. Howard Tews, and Mel Gauer. Warrens to Attend Ike's Inauguration SACRAMENTO, Jan. 6 (UP) — Although Gov. Warren plans to attend the presidential inauguration Jan. 20 and "visit around Washington" he has no date to see President-elect Eisenhower, the governor said today. He said he plans to leave Jan. 17 with Mrs. Warren and their three daughters, Virginia, Dorothy and Nina. He expects to return Jan. 22. The governor told his press conference he talked with Eisenhower by phone Sunday, but declined, as with earlier calls, to say what was discussed. Security-First National Bank Resources Top Two Billion Total resources of Security-First National Bank topped $2 billion in 1952 for the first time in the bank's history. George M. Wallace, chairman of the board and chief executive officer, disclosed today, and on Dec. 31, 1952 were $2,016,742,000. Deposits stood at $1,873,691,000 on Dec. 31, 1952, an increase of $136,663,000 over a year ago. Reflecting the larger volume Sound Money Basis for Free World Nations Problem for Ike, Winnie By SAM DAWSON NEW YORK (UP) — The Eisenhower-Churchill talks raise again the problem: How to get the leading nations of the Free World back once more on a sound money basis. A trial balloon in London urges that the United States raise the price of gold and then use its paper profits from that to set up a fund to stabilize the British Hearings Begin On Southern Trans-US Route WASHINGTON, Jan. 6 (UP) — The Civil Aeronautics Board today began a new hearing on a proposed southern transcontinental air route between Florida and California. The case was heard originally in 1949 and ended with board approval last February of one-plane service through an interchange of equipment between Eastern Air Lines, Braniff Airways and Trans World Airlines. Start of the service was blocked when National Airlines obtained a court injunction. The court later permitted the board to reopen the case for a new hearing. President E. V. Rickenbacker of pound and other European currencies." "Hell Will Pop" And a U. S. senator quickly warned that "hell will pop" in Congress if any such proposal comes out of the Eisenhower-Churchill talks. He hastens to add: There is no indication that such a proposal will be made to Congress. American bankers regard a return to stable currencies and to their free convertibility as a prime goal for the Free World. But many U. S. bankers doubt if a U. S. Treasury-supported fund to accomplish this is the best way. Even more bankers object to any scheme to so use a paper profit from raising the dollar price of gold to Fort Knox. Currency Inflation? The National City Bank of New York, in its January letter, calls such a scheme "currency inflation," and "about the poorest way to deal with a 'dollar shortage'." A top executive of this bank W. Randolph Burgess—is going to the U. S. Treasury under the new regime to manage the federal debt and deal with currency problems. The bank letters—which Burgess reads before it is issued—gives this advice: "The best way to make currencies convertible is to make them convertible." Court Upholds Conviction of Mickey Cohen SAN FRANCISCO, Jan. 6 The Ninth Circuit Court of appeals this afternoon upheld conviction of Mickey Cohen, mer Los Angeles gambling firm on income tax evasion charge. Cohen was convicted of evading Damage Suits Filed Against U.S. In B-50 Crash LOS ANGELES, Jan. 6 (UP) — Three suits for $539,000 damages were filed against the federal government today as the aftermath of a B-50 bomber crash near Edwards AFB two years ago. All the suits charged negligence in the plane's operation. Two of the suits asked for $250,000 damages each because of the death of flight test engineers in the crash. One was filed by Lois Ruth White, son of Charles A. White. The other was filed by Charlotte I. Christiansen, widow, and Coleen M. Christian, daughter, of Wallace J. Christian. Avocado Dept. To Meet Jan. 16 The Avocado department of the Orange county Farm Bureau will hold its monthly meeting Friday, Jan. 16, 7:30 p.m., at the Farm Bureau hall. 353 S. Main st., Orange, according to Farm Advisor C. D. Gustafson. Speaker of the evening will be E. Domingo Hardison, avocado and citrus grower from Ventura county. His subject will be "Commercial Returns from New Avocado Varieties." Take Radioactive Material from Wrecked Plane BELFAST, Northern Ireland, Jan. 6 UP—Salvage workers recovered potentially dangerous radio-active material today from the debris of a British transport plane that carried 27 persons to death. Geiger counters were used for 12 hours to track down a shipment of radon seeds in the cargo of the British European Airways liner which crashed at the Nutt's Corner Airport near Belfast last night. Radon is used in medical radiotherapy. A gas given off by radium salts, it is sealed in small gold capsules called seeds. Enroute to Clinic The plane's shipment was consigned to a Belfast clinic by the Ministry of Supply, which had packed the seeds in a lead box for safety. The radon was produced at the ministry's radio chemical research station near London. Though the box and its contents weighed 70 pounds, a ministry spokesman said the shipment was valued at only about $40. The salvage workers had been warned: "If the box has burst, don't touch the contents. They are highly dangerous." The danger from any radioactive substance is excessive exposure. In extreme cases this may lead to chronic invalidism or death. Kansans Killed Two Kansas school teachers were among those killed when the twin-engined plane made a low approach, hit a light post and battered itself against a building in the sight of a horrified throng at the airport. The other dead were Britons. Seven passengers... THE reason these contracts of 1953. All were real to contracts. They are of Actress Debra Paget; movie scouts via a Hollyer; and Brad Jackson, 24,ench while trying to win a National Bank Two Billion increased rates on investment securities and loans, gross operating income of the bank for 1952 was $54,624,000, an increase of 8016,000 over 1951. Operating expenses were $30,591,000 an increase of $2,038,000 over 1951. Net operating income after $11,400,000 served for taxes on income was $7,633,000, the highest in the history of the bank. Non-recurring profits and recoveries for 1952 were $522,000, compared with $734,000 for the previous year. Mr. Wallace pointed out, retained large refunds of taxes. Net profits for 1952 were $13.000, or $10.97 per share, as insist $13,589,000, or $11.32 per share, for 1951. Dividends for the year totaled $60,000. Dividends for the last of 1952 were at the rate of receipts quarterly or $3.60 yearly. Total loans shown by the state-that were $542,480,000, an increase of $40,866,000 for the year. Holdings of U.S. securities were $88,855,000, up $87,853,000. Cash due from banks totaled $396.000, an increase of $19,841,000. Capital funds at the year end consisted of $30,000,000 capital, 100,000 surplus, and $45,896. Undivided profits, a total of $896,000, or $96.58 per share. Compares with $107,891,000 (89.91 per share) for the pre-same year. Court Upholds Conviction of Mickey Cohen NAN FRANCISCO, Jan. 6 UP—Ninth Circuit Court of Appeals this afternoon upheld the conviction of Mickey Cohen, for Los Angeles gambling figure, income tax evasion charges. Cohen was convicted of evading BEFORE NAVY RAIDERS PAID CALL — This is a communist marshalling yard and roundhouse at North Korea, looked before Navy AD Skyralder WSC Grants Pay Hike to WCMFU WASHINGTON, Jan. 6 UP—The wage stabilization committee WSC today approved an agreement giving higher overtime and penalty pay rates to workers represented by the West Coast Marine Firemen's union, independent. The agreement between the union and the Pacific Maritime association was submitted to the old wage stabilization board last summer for approval. It guarantees that the firemen will receive overtime and penalty rates equal to those in effect since 1951 between the association and the AFL Sailors Union of the Pacific. These overtime rates average between $1.80 and $2.35 per hour: the new penalty rates, for certain types of work done within a man's scheduled work day, will average between $1.30 and $1.63 an hour. Many of the so-called licorice candies have little or no licorice in them. IT'S ALWAYS A GOOD IDEA to START A Next Egg— And...IT IS ALWAYS A GOOD PLAN TO DO BUSINESS WITH PEOPLE YOU KNOW So...Meet Our Official Family OFFICERS and DIRECTORS F A YUNGBLUTH, PRESIDENT B W TODD VICE-PRESIDENT WM SCHUMACHER, VICE-PRESIDENT J B COLLINGS, VICE-PRESIDENT E E SMITH VICE-PRES AND MGR. F F FOWLER, SECRETARY ELDON STARK N T ULVESTAD ANAHEIM BUILDING & LOAN ASSOCIATION MEMBER FEDERAL HOME LOAN BANK SYSTEM 187 W. CENTER ST. (Corner Lemon) ANAHEIM PHONES—Anaheim 2158—2159 PAID CALL — This is how and roundhouse at Musan, Navy AD Skyraider planes from the carrier Bon Homme Richard paid a call recently. After the visit there was very little left. (U.S. Navy photo via AP Wirephoto) PAID CALL — This is how and roundhouse at Musan, Navy AD Skyraider planes from the carrier Bon Homme Richard paid a call recently. After the visit there was very little left. (U.S. Navy photo via AP Wirephoto) all that remained of a com-ard and roundhouse at Mu-sit by Navy AD Skyraider planes from the aircraft carrier Bon Homme Richard. (U.S. Navy Photo via AP Wirephoto) AND NOW... YOUR SAVINGS EARN YOUR SAVINGS EARN 3 1/2% EFFECTIVE JAN. 1st, 1953 The Friendly Corner Remember... All Funds Placed By the 10th of Any Month EARN FROM THE FIRST