European Stars And Stripes (Newspaper) - April 14, 1988, Darmstadt, Hesse Page 4 the stars and stripes thursday. April 14,19b8 future California Home of reagans paid for by group of businessmen Washington a two industrialists who have been members of president Reagan s Kitchen Cabinet and other wealthy businessmen paid Ai least 1156.000 each o buy the California Home the reagans will occupy when they leave the while House. A Washington Law firm disclosed the information tuesday by releasing an Exchange of letters with the office of government ethics in july 1986. Businessmen Holmes tulle and Earle Jorgensen Are among the 20 or so people who helped buy the Home the newly released documents show when paired with articles of incorporation on file with the stale in Sacra memo. Calif. Tulloc whose son Robert is director of us White House personnel office is a California automotive dealer and industrialist. Jorgensen is chairman of a steel and aluminium distribution company and both men have been members of Reagan j Kitchen cab inet of unofficial advisers. An informal opinion by the ethics office noted thai the president is subject to neither the criminal conflict of interest Laws nor Standard of conduct for the executive Branch of government set out in a 1965 presidential order. If the group of businessmen decided la give the Bel air estate to the reagans. The president would not violate the standards of conduct regulations for the Cucic Totive office of the president is Long As personal Friendship was the motivating Factor in the trans action said the ethics office. However it said the president must Lake care nol to give preferential treatment to any of the approximately 20 investors. The new documents were released after reporters made inquiries at the ethics office. One of the Law firm s partners Robert Washington has represented the real estate holding company Wall management services inc. Set up exclusively for the Reagan House Purchase. The lawyers for Wall management were seeking an opinion on the ethical and Legal implications of buying and renovating a Home for the reagans that would be sold or leased to the president. Based upon the facts As you have presented them to us it appears that your proposal will not run afoul of the applicable standards of i induct and conflict of Micro Sci statutes the opinion sad. The request to the ethics office did say the president has appointed some of the investor Thrif spouses or relatives to various commissions or Federal posts. Standards of conduct for the Cie Culic office of the president prohibit the use of Public office for private gain or the giving of preferential treatment to anyone. Once this proposal gels under Way the president and the individuals involved will have to be careful not to Lake any actions that would reflect adversely on standards of conduct matters said the opinion by then ethics office director David Martin. The reagans began paying rent on the Home in the Cuc Lusic Bel air Section of los Angeles under a Pirec year lease which took effect March i. The reagans have an option to buy and the White House says the first couple is paying fair Market rent. In an interview Wall management s chief financial officer Ira Revich said Apponi Macly 20" friends of the reagans had bought Slock in the company. He refused to identify them. The documents written in 1986 mention a group of about 18 a ured Brady applauds mar land s new gun Law Baltimore a while House Narx Secretary James Hrady who was injured by a snot from a saturday night special in the assassination attempt on president Reagan applauded Maryland s new gun control Law tuesday at a Nev i conference. Brady called the Law one Small step for Mankind one Giani step for Maryland on monday the Maryland legislature passed a Law that would make it the first state to ban the Sale of cheap handguns known As saturday night specials. Cov. William Don Ald Schwac for has promised to sign the legislation. Brady s wife Sarah had Cam a Igried vigorous Yir passage of the Bill and called it a e
