And Solar Aircraft — there’s another institution that we made. And that damn Herb Kunzel. He was president of Solar at the end, and he would eventually be appointed to liquidate West-gate California when it was declared insolvent. But National Steel lugged that Solar Aircraft Company along by supplying them with things they couldn’t pay for. And I think the animosity between Kunzel and me came because we were pushing him to try to collect the debts.
By C. Arnholt Smith, March 19, 1992 | Read full article
Joe conned the Navy into doing the dredging, and they had to have some place to dump the spoil, so they started filling in that area where the airport is and created a solid land mass. The Marine base and the Navy base is all fill too.
It was very marshy. Before that was filled in, there were times when you couldn’t go to Pt. Loma from San Diego. The water was too high for cars to go through there.
By C. Arnholt Smith, May 7, 1992 | Read full article
I had a home there on the beach at the foot of 27th Street. On race dates and after race dates on Sundays, they’d all kind of gather, sometimes at our house, sometimes at others’. Jimmy Durante, Pat O’Brien, Bob Crosby, Desi Arnaz, Lucille Ball, Willy Shoemaker, a couple of songwriters, and many others. They’d start someplace, then all come on over and have drinks and beer and snacks — a traveling party all summer long.
By C. Arnholt Smith, July, 23 1992 | Read full article
Hahn subsequently approached Smith with the idea of building a shopping center in San Diego — this time as a full partner rather than just a lender. The result was the Fashion Valley Shopping Center, a joint venture between Ernest W. Hahn Inc. and Smith’s Westgate-California Realty Company. The center cost $50 million to build and opened in October 1969 on 78 acres of land in Mission Valley, on the former site of Smith’s Valley Lane Farms.
By Thomas K. Arnold, Jan. 7, 1993 | Read full article
San Diego entrepreneur Arnholt Smith, one of Nixon’s earliest supporters, remembered a melancholy evening in the early ’60s when Nixon was holding a meeting and asked him to get Pat out of the way. “Pat was not feeling well physically, and even worse...mentally,” Smith said. “Dick sent word, ‘Could I please take her and hide her from the public, so to speak, let her rest her mind and what have you.’”
By Matt Potter, Sept. 21, 2000 | Read full article
Half a century ago, C. Arnholt Smith was “Mr. San Diego.” Smith and his close colleagues, along with relatives, owned and controlled a slew of assets that would be traded back and forth at inflated prices. The bank would do the financing. The Securities and Exchange Commission pointed out that these deals were put together to hoodwink auditors into believing the transactions were at arm’s length — when in fact they were dubious deals among friends and relatives.
By Don Bauder, Nov. 9, 2011 | Read full article
[C. Arnholt] Smith was very close to Richard Nixon. When Nixon won the presidency, he replaced Miller with one of Smith's cronies. Miller later ran for D.A. and defeated another Smith crony. Federal prosecutors sent John and Angelo Alessio to prison, but were not able to put Smith away, despite his obvious financial crimes. As D.A., Miller took the case and was able to get Smith on tax evasion. He finally got eight months.
By Don Bauder, Mar 4, 2013 | Read full article