Reno Gazette-Journal from Reno, Nevada • Page 16

High Finance Troubles Slow Strip Operation Plans of an organization headed by three California men to take over the operations of the Last Frontier Hotel on the Las Vegas strip temporarily aground on the shoals of high finance. The Nevada tax commission meeting in Carson Friday refused to approve the license applications of Irving J. Leff, Maurice H. Friedman, both Los Angeles real estate developers and Stanley S. Lecds, Beverly Hills Insurance underwriter, after deciding their new group was under-financed and handicapped by the almost complete absence of hard cash.

INVOLVED PROGRAM Earlier the commission had spent two days listening to an involved financial program which would have seen the new syndicate buy out Jake Kosloff and Murray Randolph, the present majority stockholders, largely using borrowed capital. Of more than $2,000,000 used to refinance the enterprise, and to get the old operators out, about $25,000, as far as anyone can figure, represented actual cash put up by the three applicants. The rest was obtained by pledging Last Frontier assets as security with the entire property ending up heavily mortgaged. This situation drew strong protests from Beldon Katleman and his attorney, Leo Gold, who said Katleman's investment in the old Last Frontier group was being endangered by what they described as a "bunch of promoters." Katleman already has filed suit against Kosloff and Randolph, accusing them of "misappropriation and mismanagement" Last Frontier assets. WATERED DOWN Katleman indicated Friday he could not foresee getting along with the new bunch any better, as he did not want his name associated with a "watered down" proposition.

The commission ruled specifically that Leff, Leeds, and Friedman would not be licensed until they worked out different financial arrangements and they have only until April 25 to accomplish this. On that date, the license presently held by Randolph and Kosloff will expire, and a commission obviously in a tough mood, ruled that a new one would not be issued unless satisfactory financIng had been worked out. Specifically, members of the commission objected that a stock subscription agreement involving seven other persons who have pledged buy stock and make loans to the new corporation had not been satisfactorily explained. The feeling was the commission should have reassurance that none of this money would be used in the operation until all parties advancing it are licensed. Objections also were voiced that the cash position was too weak and that the new organization would have to raise an unencumbered bank roll to satisfy the gambling control agency.

A complicating factor is the existence of an agreement between Randolph, Kosloff and the new organization that the transaction must be closed prior to April 15 or all bets are off. The commission recognized this document as an added puzzle in an already intricately-woven situation, but decided that the parties to it would have to devise some way out. Movie Star Denied Permit Film star George Raft has taken his movie role far too seriously, in the view of the Nevada tax commission, which Friday denied him a license to hold a two per cent interest in the Flamingo Hotel in Las Vegas. Raft, who has specialized in gangster roles, wanted to invest $65,000 in the Strip resort, but the commission objected to his past associations. tion in the matter declares The formal commission members of the gambling control board "feel his background does not warrant licensing in this state." Clark Soldier At Ft.

Lewis Cpl. Richard Hammond, 24, son of Mr. and Mrs. Merrill W. Hammond, 1824 Goldring, Las Vegas, is a member of the 2d Infantry Division at Fort Lewis, Wash.

Valuable combat experience obtained in Korea by the "Indianhead" division is utilized in the vigorous training of the unit. Corporal Hammond, a personnel management specialist in division headquarters, entered the army ir September, 1953. He attended Brigham Young university. His wife, Nancy, lives in Tacoma, Wash. BLACK LOAM TOP SOIL $2.00 PER YD.

YD. LOAD PHONE 2-4692 (Golden Bank Probe Ordered By Commission Reno's Golden-Bank Club will be the subject of the next Nevada tax commission probe of a major casino, it was announced Friday. Purpose of the investigation ordered by the commission is to determine "who is running the establishment" which is owned by William Graham, veteran Nevada gambler, and John Drew, former middle west gaming operator. Robbins E. Cahill, executive secretary of the commission recalled that Drew's license was the subject of some dispute before it was issued a year ago.

"The commission understood that Drew was to run the establishment," Cahill declared, "if he were granted a license." Since the permit issued, however, r. Cahill continued, Drew "has hardly been in the place." The tax commission secretary said Drew's continued absence violates the intent of his agreement with the commission. Cahill also noted that he had received information that something was amiss within the operation. He did not amplify on this statement. He did request however, that he be authorized to hold a series of closed investigation sessions to interview a number of people apparently able to cast some light on the management and operations of the Reno nightclub and gambling house.

Drew is licensed for a 25 per cent interest in the operation with Graham listed as owner of the remaining 75 per cent. CHOIR GROUP Shown above is a portion of the Concordia college a cappella choir of Oakland, which will present a concert Monday evening at St. Luke's Lutheran church, West Second and Bell streets. The concert will begin at 8 p. m.

and there is no charge for admission. Student Choir Will Appear At Reno Church Visiting Reno on annual Spring tour, the a cappella choir of Concordia college, Oakland, will present a concert in St. Luke's Lutheran church, West Second and Bell streets, Monday at 8 p. m. The choir is under the direction of Prof.

Hugo Gehrke, and the program will be made up of music for the various seasons of the church year by such classic masters as Pratorius, Bach and Brahms and contemporary works by Thompson, Wienhorst and Christiansen. The director, a graduate of Concordia Teachers College in Illinois, and Northwestern University, has also done advanced choral conducting under F. Melius Christiansen, and organ study with Carl Weinrich and E. Power Biggs. Until taking over the music department at Concordia College four years ago, Professor Gehrke was engaged in choral and organ work in Chicago and Milwaukee.

Members of the choir largely pre-ministerial and teacher training students. since these are the two main professions taught at Concordia. No charge for admission will be made, but a free-will offering will be taken to help defray the expenses of the choir. Caliente Mayor Loses License Caliente may have a new mayor this year as the result of a Friday action of the Nevada tax commission. The gambling control board voted unanimously to revoke the license of the Shamrock Club in that Lincoln county railroad community operated by Don Rowen and Joe Colombo.

Rowan, who has been mayor of Caliente for 6 years told the commission Thursday he would not run for the office again if his gambling license were revoked. He and a 21-dealer in the Shamrock, identified as Bob Powell, were accused of in reports from tax commission agents. Rowan appeared before the commission Thursday to deny the charge. Will Face Trial For Grand Theft SUSANVILLE, Calif. Ernest Borrego, arrested on grand theft charges, was bound over to superior court here by Judge C.

C. Siebe in justice court following a preliminary hearing. Cash bail was set at $500. Borrego is charged with taking six tires and wheels and a battery belonging to the county road department. J.

A. Nutting was appointed by the court to represent Borrego. "We Have Been Appointed Exclusive Distributors for ONAN Electric Generating Plants for NORTHERN NEVADA" FOR FURTHER INFORMATION CALL OR WRITE Art Rempel SOUND SUPPLY 460 Wells Ave. Ph. 2-2463 FROM 1 TO 100 MOORE SALES EQUIPMENT CO.

INC. SERVICE RENTALS ALLIS CHALMERS TRACTORS ALLIED EQUIPMENT Val Galleron, (right) Sales Representative of Moore Equipment Reno, shown delivering the popular Allis Chalmers HD5G Loader to George A. Probasco, (left) prominent local home builder. This delivery marks the 100th Allis Chalmers HD5G Loader delivered by the local machinery firm in the Nevada territory. Mr.

Probasco stated "This makes my fourth Allis Chalmers HD5G Loader, and it is now doing a good job assisting in completion of the Green Brae Subdivision in Sparks. To date I have constructed in excess of 1500 homes in the Reno-Sparks area and I am happy to say that my fleet of Allis Chalmers HD5G Loaders has greatly contributed to faster completion and lower cost of construction." Earl E. Games, (center) long established successful Reno excavating contractor, has been busily engaged in construction projects in the Reno area since 1927. Mr. Games purchased the first Allis Chalmers Clover Valley Matron Passes DIRECTOR Prof.

Hugo Gehrke, above, will direct the a cappella choir of Concordia college, Oakland, when it appears at St. Luke's Lutheran church Monday evening. Border Gaming Curbs Retained Members of the Nevada tax commission Friday reaffirmed a stand taken several months ago that no gambling licenses would be issued for operators seeking to locate near the Idaho border north of Wells. At the same time, they refused to reconsider any relaxation of a curb on the number of gambling houses that will be permitted to operate in Wells. The commission received a request from John Di Grazia for a gambling license at a place known as "Cactus Pete's" in Contact.

This little settlement is approximately ten miles south of the Nevada Idaho boundary. All forms of gambling have been outlawed in neighboring state. When original commission the decision was announced, members of the gambling control agency said they wanted to prevent the creation of a "strip" gambling area in the remote northeastern part of the state, where policing would be difficult. Restrictions were placed on the number of Wells licenses following an alleged bribery incident involving a former Fallon gambler, John Galloway, and a former tax commission agent, Dudley Kline. Kline later was freed by the W.

C. Rylander of Lubbock, took up bowling at the age of 68. Now at 83 he has a 150 average in league play. Funeral services were to be held in Wells this afternoon for Mrs. Ella Bradish, widow of James H.

Bradish, well known Clover Valley rancher. Mrs. Bradish died Wednesday at Wells. Born at Nephi, Utah, Jan. 21, 1890, she had lived in Clover Valley since 1915 and she and Mr.

Bradish were married in 1920. She was a member of the Church of Jesus Christ of Latter Day Saints and of the Wells Relief Society. Surviving are a daughter, Mrs. Vernon Dalton of Clover Valley; two sisters, Mrs. J.

A. Hanson of Wells, and Mrs. Marian Memmott of Nephi; five brothers, Harold, William and Alex Pyper of Wells; A. V. Pyper of Salt Lake City, and J.

M. Pyper of Portola, and a grandson and numerous nieces and nephews. rites were to be held in Wells grammar school under the direction of the Wells LDS ward. Flier Escapes Crash Landing SEARCHLIGHT, -A Santa Monica, flier reached this community Friday after a 13-mile hike from the small plane which he crashlanded yesterday beside the Colorado river. Suffering only minor bruises, Richard D.

Griffith, 28, a student pilot, said brought the anca down near the Searchlight ferry just before dusk and as he ran out of gas. Griffith was taken to Boulder City hospital for a physical examination and treatment of the bruises. Shortly before he trudged into this town, search planes from March Air Force base reported sighting Griffith's plane. WANTED 500 LOADS FILL at $2.00 for Six Yards or More PHONE 3-3896 OLD ORCHARD TRAILER SUPPLIES TRAILER BRAKE CONTROL ROOF COATING and CAULKING BUTANE TANKS and RACKS REAR VIEW MIRRORS SEWER HOSE and FITTINGS TRAILER FURNITURE "EVERYTHING FOR YOUR MOBILE HOME" at 2295 S. VIRGINIA ST.

PHONE 2-1130 HD5G Loader to be delivered in the He now has a fleet of three Allis his construction projects, and he is Chalmers HD5G Loaders really get general contract work. They are easy tain, and get the job done on time. Val Galleron, in reviewing the deliveries of the Allis reminded of many other satisfied users of one or more, George E. Miller Carl Hoover Lagrange Construction Co. John Savage Earl N.

Winkle John Jackson City of Hawthorne D. E. Seaberry Henrikson Bros. Don Burgner Ross and Hess Sqaw Valley Development Washoe County Ready-Mix Concrete Co. C.

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Malvich Nevada territory from Mr. Galleron Chalmers HD5G Loaders engaged in very frank to state "My Allis the job done on any and all kinds of to operate, economical to main- Chalmers HD5G Loaders from one to one hundred, is such as: Wolfram Co. Pipeline Const. Inc. Ray Harris Arch Brady Lindsay Mining Monty Biswell G.

E. Lewis Nevada Lumber Co. P. W. Burge Pacific Coast Pumice Co.

J. W. Allen E. Belli Harold Grayson W. G.

Austin Stewart Hitchcock Bob Helms H. B. Chessher Ken Willson Tri-City Rock and Sand Ernest Durbin City of Portola Truckee-Carson Irrigation Co. ALLIS CHALMERS DEALER MOORE EQUIPMENT CO. INCORPORATED SEE VAL GALLERON YOUR MACHINERY PEDDLER AT 1700 WEST FOURTH STREET RENO PHONE 2-7025 OTHER MOORE STORES LOCATED AT FRESNO, CALIF.

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