145:, and was with him on election night when Nixon won the presidency in 1968. Smith raised a reported $ 1 million for Nixon's 1968 presidential campaign, including $ 250,000 from him personally. Smith donated $ 200,000 to his re-election campaign in 1972, but the money was returned because Smith was under investigation by the
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Smith's base was ownership of the United States
National Bank in San Diego, of which he had purchased controlling interest in 1933. The bank grew to become the 86th largest bank in the country with $ 1.2 billion in total assets. The bank failed in October 1973, at which time it was the largest bank
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of $ 8.9 million and tax fraud, involving his sale of the San Diego Padres. He served eight months in a county minimum-security Work
Furlough Center in 1984 and 1985; his sentence was reduced due to his poor health. He died, penniless, in 1996 of congestive heart failure at age 97.
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sued Smith for $ 23 million for back taxes. The IRS filed criminal charges in the case but they were later dropped. In 1975, Smith pleaded no contest to bank fraud charges and was placed on probation and fined $ 30,000. That same year, Smith was sued by the
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Smith was born in Walla Walla, Washington. His family fled to San Diego in 1907 when his father faced prison for perjury in a political case. Smith grew up poor and never finished high school. He became a bank teller, and impressed
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for $ 45 million for engaging in "unsafe and unsound" banking practices. In 1977, a judge ordered Smith jailed for contempt because he refused to answer questions regarding his personal finances. In 1979, Smith was convicted of
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in 1933 which grew from modest roots to the largest bank in San Diego and 10th largest in
California. The bank came with interests in other businesses, notably
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failure in history, due to an excessive level of bad loans to Smith-controlled companies, which exceeded the bank's legal lending limit. In August 1973, the
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When Japan started offering cheaper tuna after 1950, Smith worked to break the union using new technology and
Peruvian canneries.
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He owned the largest bank in the city, had major interests in the tuna industry and real estate, and owned the
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The
Comptroller and the Transformation of American Banking, 1960-1990 By Eugene N. White. Diane Pub Co. 1992
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With financial help from his brother in the oil business, Smith bought the
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California, Alabama
Banking Cases Reflect Tough Jury Attitudes
403:"C. Arnholt Smith, 97, Banker And Padres Chief Before a Fall"
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Golden Dreams: California in an Age of
Abundance, 1950-1963
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Golden Dreams: California in an Age of
Abundance, 1950-1963
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Ex-Financier C. Arnholt Smith
Released From Custody
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C. Arnholt Smith Is Sued; ‘Unsound’ Banking
Charged
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492:Principal owners of the San Diego Padres franchise
340:Financier Ordered Jailed For Refusing To Testify
156:Smith's non-bank interests were collected as the
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450:"Final Chapter Written in Saga of Westgate AP"
428:"Smith Solicits Governor's Aid in Freedom Bid"
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208:"C. Arnholt Smith, in his own words – part 1"
106:. Originally, he purchased the minor league
59:, who moved him rapidly up the ranks of the
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166:San Diego's third largest industry, tuna.
16:American banker and embezzler (1899–1996)
413:"San Diego Tycoon C. Arnholt Smith Dies"
386:Scam City: C. Arnholt Smith wasn't alone
81:United States National Bank of San Diego
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295:Arnholt Smith Case Dropped by I. R. S.
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355:Arnholt Smith Guilty Of Evading Taxes
141:Smith was a close friend of President
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614:20th-century American businesspeople
388:, San Diego Reader, January 20, 2005
241:Tampering With Justice in San Diego
594:People from Walla Walla, Washington
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372:Associated Press Archive
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116:expansion franchises
112:Pacific Coast League
28:Conrad Arnholt Smith
401:Noble, Holcombe B.
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69:Maria Helen Alvarez
63:(what later became
40:Del Mar, California
454:The New York Times
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327:The New York Times
312:The New York Times
297:The New York Times
260:September 28, 1973
38:– June 8, 1996 in
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574:1996 deaths
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359:May 4, 1979
75:Businessman
563:Categories
540:Ron Fowler
526:Tom Werner
132:McDonald's
30:(known as
519:Joan Kroc
512:Ray Kroc
136:Ray Kroc
134:founder
110:of the
98:of the
172:Prison
108:Padres
196:Notes
23:Smith
443:Time
243:Life
149:and
120:1969
104:1974
151:IRS
147:SEC
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