The State - News from April 13, 1988

Businessmen Holmes Tuttle and Earle M. Jorgensen are among the 20 or so wealthy friends of President and Mrs. Reagan who chipped in at least $156,000 apiece to buy them a Los Angeles estate, according to documents released Tuesday in Washington. The documents include a 1986 opinion from the Office of Government Ethics that concludes that even if the group of businessmen decided to give the $2.5-million Bel-Air estate to the Reagans, the President probably would not be violating any federal ethics regulations by accepting it. Tuttle, whose son Robert is director of the White House personnel office, is a Southern California auto dealer and industrialist. Jorgensen is chairman of a steel and aluminum distribution company.