Evening star., 1962-01-21

1dIIllly, WHICH UlOVGQ here 1TOILl
you've got to be fair with
Congressman Johnson. I met
him when he had a distressed
, district. He asked, Can you
help me in my district? We
need loans .f ~
I'VE knew it was distressed.
Eikton WAS only one federal
tsavings and loan firna) :" t
This was the reason, he said,
for First Colony'S operation,
and the First Continental Of
flee in Snow Hill was ito be
the same" .
This is the gospel Of it," he
said. Snow Hill had a lawyer
there. He was to follow through
on titles (title searcheS) and
such things"
Elkton Was Distressed
| But. he explained later,
Snow Hill didn't work out
an office was never formally
opened. First Continental be-
came too involved with the
S,000-acre Linda City project,
and-added Mr.. Robinson
competent personnel couldn't
be hired.
Today, Edlin said, Represen-
tative Johnson is being "cru-
cified" because, he said, he Is
a defender of the independent"
savings and loan operator.
Made Speech in Congress
This was q reference to Mr..
Johnson'S campaign against the
Federally-inSured savings and
loan spokesmen
This was highlighted by 4
vigorous speech on June 80,
1850, in Congress against the
Federal Savings and Loan In
surance Corporation and other
Government insuring agencies.
And Of T. Lamar Caudle,
former head Of the Justice De-
partlnent's tax division, sem
fenced In 1860 to two years for
attempting to block an income
tax investigation, Edlin ex-
pressed sympathy and admira-
tion:
II felt sorry for the man. I
met him when I was a witness
in the hearing before the King
committee" (This was a refer
ence to hearings held by Repre-
sentative King Of California in
1851 In connection with a tax
settlement "shakedown" story
told by Mr.. Teitelbaum.)
II met Caudle later In Miami.
He was introduced by a man
who came to me for q loan. I
felt sorry for him (Caudle) and
admired him for his ability.
You'll find that Lamar still
has some fine friends on Capt.
tol Hill"
In the receivership hearing of
First Continental on January
3, Joseph Kaufman, deputy
State attorney general, named
Caudle as receiving more than
$500 last year for legal work.
In that same hearing Mr..
Kaufman charged that Adlin
and his wife. Pearl, received
more than 100000 from First
Continental'S accounts for legal
and other services, although
Edlin is not a lawyer.
"The figures are erroneous
as to amount and clasSifica-
tion," snapped Mr.. Robinson.
Edlin cut in soothingly:
Mrs. Edlin did q little work
IN the association - more to
help me-" But the amounts he
received and the work he did
will all be explained eventually,
he said.
AS for his income in general,
Edlin implied that he didn't
depend on such weekly amounts
as $3.50 to $3.50 which the State
Attorney General named him
as receiving.
Various Source Of Income
II get income from various
corporations. I'm in finance. I
finance projects In Florida,
Chicago. elsewhere.
TITS not unusual for me to
go in and make a quarter mil
lion dollars. I bring together
capital. I have fairly good ave-
nues for borrowing. I can go
into very substantial amounts. {"
do you mean six figures?"
he was asked.
I'm talking Of seven figures!
I don't say I can personally
write a check for $40 million,
but I can get 1t together"
AS for the future, Edlin was
not venturing any guSses. He
has already told John Mckee
yer, the receiver for First Con-
tinental. that he will flight the
receivership."
What his fate will be in Fed
eral Court, Edlin, Of course,
doesn't know. Part Of it de-
pends on what q Federal pro.
baton report shows.
II pleaded no contest he
said, ito avoid a long trial be-
cause Of my health. Estimates
Of its length ranged up to five
weeks) The government did
not oppose the plea"
Then he added with a final
I Il