Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-20
KoRTH
KoRTH
Letters Made Public
By Navy Secretary

Continued From Page Ali
Exchange Club would be consi-
dered an appropriate bank ex-
pense."
In his statement Mr.. Korth |
dismissed these and other mat
tiers as trivial and said:
ITO insinuate that I devoted
time or attention to my person.
al interests to the detriment |
of my responsibilities is a gross
libel"
1nsinuatiOn" Resented
He added that Il deeply re-
sent any insinuatlon that these |
few trivial incidents and COM
munications aise a question
concerning my character" or
furnished a basis for his resig-
nation.
Mr.. Korth said he had placed
all the facts before the Defense
and Justice Department. Sever
al conferences. a spokesman
said, had been h eld on the
matter both in the Justice De-
partment and the Pentagon.
In a move that came gener-
ally as a surprise. Mr.. Korth
submitted his resignation on
October IL and it was an
nounced by the White House
last Monday.
In accepting 1t, the President
praised Mr.. Korth for his work |
in reorganizing the Navy De-
partment but omitted any Of
the usual expressions of regret
over his departure. The resig-
nation will become effective |
November /. 49,. -
Sent to Robert Kennedy
In his statement, Mr.. Korth |
said the rumors Of his resigna-
ton, first published in The
Star on Friday. possibly came |
out of discussions of the mate
rial obtained by the Senate In
vestigations Subcommittee.
A summary of the material, |
it was learned, had been turned
over to Attorney General Rob- !
ert F. Kennedy. the Presidents
brother. by Senator Mcclellan,
Democrat Of Arkansas, the |
subcommittee chairman. Copies
Of the material obtained from |
the bank also we're sent to Mr.. |
Korth. one of his aides said.
Som Of the new business for
the bank handled through Mr..
Korth came from Phil Regain,
the singer, and amounted to
$4,000.
In a letter from Palm Springs,
Calf. with a letterhead read
ing spill Regain, Human Rela-
tions." Mr.. Regain wrote:
Upon my arrival home the
first thing on my agenda is the |
deposit I promised YOU"
Savings Account
The check was made payable
to the Continental National,
and Mr.. Regain asked that a
savings account be opened in
the name of 10 B. and Phil
Regain.
Mr.. Korth sent it on to the
bank and. on January %, 1868, !
wrote Mr.. Regain:
Il know that the folks at the
Continental will be extremely
pleased to have this fine de-
post, and am most apprecia-
tive Of your thoughtfulness in
doing it. We were indeed |
fortunate that we were able to |
have you and 10 aboard the |
Sequoia (the Secretary's Off
cial YACHT while you were in
Washington. :"
Mr. Regan's letterhead listed
him as a representative of the
United Steelworkers of Ameri-
ca, United Insurance Co. of
America, National DiStillers
Products Corp. and Anheuser-
Busch, Inc.
A number Of the letters dealt |
with the proposed new national
bank charters in Texas.
One letter, on November 7,
1852, was from Fred Holland,
president of the Merchants and
Planters National Bank of
Sherman. Tex, and said: I'VE
-. feel that we must have as
sistance from friends like you
If we are to effectively oppose
this application"
In a Dear Fred" reply two
days later, Mr.. Korth wrote:
Il shall do everything I can
consistently to assist you in
blocking what I consider an
improper application"
Charters at Issue
In an April 20, 1868, letter G.
E. Holmstrom, senior vice pres
ident of the Continental Ma
tional, wrote to Mr.. Korth:
Just a short note to let you
know John @. McAdams has
increased his account with us
substantially, and I am con-
WINGED that if the application
for the new charter at Winters
could be d e cline d, we would
probably get all of his business.
Thought you might be interest
ed in having this information.
In addition to Sherman and
Winters, an application for a
national charter also was made
from San Angelo, Tex, and
this was the only one, accord
ing to one of Mr.. Korth s
spokesman, in which the Secre-
Z tary took any action. This, it
was explained, was only to the
extent of arranging a confer
ence with Controller Saxton.
Thank-YOu Letters
However, in the correspond
ence there were letters of
fhanke frorn the others and