anaheim-gazette 1960-05-19

B4-Anahelm Gazette (Anahhelm, Thursday, May 19, 1960) Hosmer Calls For Probe in Bank Seizure U.S. Congressman Craig Hosmer (R-Long Beach) today told The Gazette he has asked the House of Representatives Government Operations Committee to investigate the seizure of the Long Beach Federal Savings & Loan Assn. The congressman's reply was to an open letter from The Gazette asking a congressional investigation of the seizure of the institution by the Federal Home Loan Bank Board several weeks ago. Hosmer, in a letter to Committee chairman William L. Dawson, said: "The Federal Home Loan Bank Board seized the (Long Beach) institution as an 'emergency' measure enumerating nine grounds, all of which have been matters of long-standing knowledge to the Board so to act under authority of the Housing Act of 1954 as amended. "Further, if any of the alleged grounds are, in fact true, since they were in the knowledge of the Board long prior to the seizure, the Board would seem to be in neglect of its responsibilities for not some time ago initiating the ordi- grounds, all of which have been matters of long-standing knowledge to the Board so to act under authority of the Housing Act of 1954 as amended. "Further, if any of the alleged grounds are, in fact true, since they were in the knowledge of the Board long prior to the seizure, the Board would seem to be in neglect of its responsibilities for not some time ago initiating the ordinary procedures specified by the Housing Act of 1954 in such cases. "In connection with the seizure, the Board issued a press release which practically constituted an invitation for a run on the Association. "The Board similarly seized this Association in 1946, precipitating an investigation by your Committee which ended in a thorough denunciation of the Board's high-handed action. It also precipitated a law suit which resulted in an order restoring the Association to its rightful managers. "As a consequence of the apparent irregularity in the Board's action following upon irregularity in its prior action against the Association, it is respectfully and urgently requested that your Committee again investigate this Board as to its current action." Directors Support New CAO Proposal Directors of the Orange County Farm Bureau have come to the support of the proposed substitution for the proposal to name a County Administrative Officer in Orange County. In a letter to the Board of Supervisors the organization's directors indicated that they had been lukewarm about the previous proposal but had limited their activity to recommending several changes in the CAO ordinance that would have had the effect of assuring that the administrative officer would at all times work strictly within the policies of the supervisors. They had also emphasized that they felt that efficiency and economy should be the aim of such a change and that the proposed salary for the CAO was too high. previous proposal but had limited their activity to recommending several changes in the CAO ordinance that would have had the effect of assuring that the administrative officer would at all times work strictly within the policies of the supervisors. They had also emphasized that they felt that efficiency and economy should be the aim of such a change and that the proposed salary for the CAO was too high. The new proposal, presented by Chairman C. M. Featherly at the time that the board had set for action on the original ordinance, would amend the ordinance that established the county Finance Officer and would enlarge his responsibilities to include coordination of five named minor divisions of the county government. Word of the new action came from W. J. Richardson, Orange, President of the county Farm Bureau. The National Safety Council says 5,000 lives a year could be saved in the United States if seat belts were installed—and used—in every car. WISHBONE CAFE 623 N. LOS ANGELES ST. Merchants Lunch 95¢ Top Sirloin ... $1.25 Served Daily 11:30 a.m. 'til 3 p. m. WE BAKE OUR OWN PIES Open 6:30 a.m. to 8 p.m. EVERY DAY'S A SPECIAL DAY AT Thriftimar THURS., FRI., SAT., SUN., MAY 19-20-21-22 Thriftimar EVERFRESH FROZEN PEAS 10 OZ. PKG. 39¢ 10 OZ. PKG. COUNTRY STYLE PORK RIBS 47¢ lb. HORMEL PURE PORK SAUSAGE 1-LB. ROLL 33¢ RK CHOPS 43¢ lb. NTRAL AMERICAN WANAS 29¢ FRESH SWEET CORN 5¢ ITALIAN OR SUMMER SQUASH 2 LBS. 29¢ The best MEATS in Town™ U.S.D.A. GRADE "A" FRESH FRYING WHOLE BODY CHICKENS 33¢ lb. CUT-UP...37¢ CHICKEN PARTS LEGS AND THIGHS 55¢ lb. BREASTS 59¢ lb. NECKS AND BACKS 8¢ lb. WINGS 25¢ lb. FOR DAILY RADIO SPECIALS DIAL "RADIOACTIVE" KABC-79 Van de Kamp's SPECIALS MAY 19-22 2-Layer PINEAPPLE CAKE ea. 98º half 50º Almond Ice Box, Maple Pecan, Chocolate Chip COOKIES 3 pkgs. $1 JANE ANDERSON'S FRESH ROQUEFORT DRESSING WISCONSIN AGED 1 YEAR CHEDDAR CHEESE... LLB. PKG. GRAND T. FRANKS. BUDDY'S CHIPPED BEEF. FOR DAILY RADIO SPECIALS DIAL "RADIOACTIVE" KABC-79 Van de Kamp's SPECIALS MAY 19-22 2-Layer PINEAPPLE CAKE ea. 98¢ half 50¢ Almond Ice Box, Maple Pecan, Chocolate Chip COOKIES 3 pkgs. BLUE CHIP TV PILLOWS 21" SIZE $144 EACH Thriftmart 8662 So. Placentia Ave. COOKIES HYDROX 3 $ 1 00 11% OZ. PKGS. MORTON'S FROZEN MEAT PIES BEEF CHICKEN OR TURKEY PIES 5 $1.00 8 OZ. PKGS. FARMER JOHN SLICED BACON 49¢ lb. FRESH SLICED HALIBUT 49¢ lb. OL' SMOKEY BACON SQUARES 23¢ LOIN FIRST SIX RIBS PORK ROAST 39¢ LOIN ROAST 45¢ WHOLE OR RIB HALF JANE ANDERSON'S BEEF OR CHEESE 9 OZ. PKG. OF 2 ENCHILADAS JANE ANDERSON'S FRESH ROQUEFORT 49¢ DRESSING 8 OZ. JAR WISCONSIN AGED 1 YR. OLD CHEDDAR 65¢ CHEESE... LB. L.L.B. PKG. GRAND TASTE 49¢ FRANKS... EA. BUDDY'S CHIPPED 3 3/4 OZ. BEEF... $1.00 ROQUEF DRESSING 8 OZ. WISCONSIN AGED 1 YR. OLD CHEDDAR CHEESE... LB. 65¢ L.B. PKO. GRAND TASTE FRANKS... EL. 49¢ BUDDIES CHIPPED BEEF... 3 2/4 OZ. PKGS. $100 "Cream it with Pream" S & F ALL GRINDS 1-LB. TIN COFFEE 49¢ KOPPER KETTLE JAMS 20 OZ. SIZE 3 FOR WE RESERVE THE RIGHT TO LIMIT QUANTITIES 625 Orangewood Anaheim