Rival Attacks Callow On Comity Financing
Prince GeorgeÛªs Independent Democrats renewed their attack on County Treasurer Charles E. Callow last night, charging that he failed to take advantage * of higher Interest rates in investing the CountyÛªs funds.</br></br>Vincent Femia, the Inde pendent opposing Callow ir the May 15 Democratic pri mary, said the Treasurer in vested $500,000 at County banks in ,1961 when Govern ment securities would have paid higher interest rates.</br></br>Femia, an accountant and lawyer, said Callow made two investments of $250,000 each on Feb. 1ÛÓone in the Bank of Maryland and one in the Bank of Brandywine.</br></br>ÛÏYet on these very same dates Government securities with the same maturity date wore available for purchase by this County paying an interest rate of 2.22 per cenL,Û Femia said.</br></br>The insurgent candidate also said the TreasurerÛªs office should not be ÛÏa part-time job.Û Callow has a private accounting business on the side.