Show VL JL is L. L V A. A Bankers Quit Under Fired re- re Indicted in Oil Probe Fin Financiers Resign From Bank LOS ANGELES June June 28 28 AP A A. A Swanson assistant secretary ot et Petroleum corporations corporation tio 1 in charge of the New York offices of the oil concern was named by the district attorneys attorney's office today as appearing in a new batch of six indictments returned by the grand Continued on page 3 L. L A A. Bankers Quit Under Fire Continued from page 1 1 jury in inthe the stock gation LOS ANGELES GELES June 28 AP AP- AP The bubble of ot Julian Petroleum corporations corporation's finances which burst several weeks ago under the Inflation Inflation inflation tion of more than four million shares of ot stock and has been climaxed during luring the last two da days s by by the indictment of f tor forty forty- y- y five persons most moat of ot them high In Los Angeles finances promised an even even wider scope to today y a as al the grand jury announced its intention n. n of turning over to the city prosecutor the names ot or other persons for tor usury investigation Foreman George of ot the grand Jury said the j Jury r would ad adjourn adjourn adjourn ad- ad journ to July 5 when tw two more loan pools would be taken up With seven officers of the Pa Pacific Southwest Trust Savings bank named in yesterdays yesterday's twentysix twenty twenty- six indictments on charges ran ranging Ing from embezzlement nt and violation of ot banking laws vs to usury u the board of directors announced that the resignations resignations res res- res-I res of ot all ot f th the accused of officials ot- ot had been placed in its hands effective tt at its pleasure T e dl of ot the tle ie bank one of th the largest financial institutions in southern California made a plea that the public suspend Judgment on the men pending findings of the tile courts The banks bank's oW officers officers' ers ers' named included in In clu ed Charles F. F Stern president nt accused of or embezzlement and violation vio vio- lation of the law governing bankers' bankers bonuses John E E- Barber president of ot the First Fint Se company and vice president of or the First National National Na Na- bank blIk allied d Institution on n similar charges and William Rhodes Harvey executive vice president pres pres- I ident ent H. H A. A B Deli Bell executive vice Ice resident president IP P. P L. L McMullen lullen cashier W. W V I. I director and Motley H n. Flint executive vice president president pres pres- ident on n usury charges The board of directors Henry M M. Robinson its chairman and Wille Wood state superintendent of ot bankIng banking bank bank- Ing all issued statements declaring declaring ing the acts charged to th the banks bank's officers were accomplished by them thetis It ii at it all aU as Individuals als and that th the bank was not implicate In any I Illegal acts The Southwest played a leading par part pact in the ing ng plans In connection with the merger of the Julian properties In Inthe the tise California Eastern Oil on company I The Indictments which with the nineteen returned last Saturday swept the financial I world of Los Angeles also reached Into the motion motion motion mo mo- mo- mo tion picture colony with the naming of ot Louis LouIs' B. B Mayer vice president of at the Mayer Metro G fetro Mayer Mayer film producers producer and Adolph tarnish I-tarnish di director director dl- dl rector of W West st Coast Theatres Inc with the misdemeanor of ot usury Joe multimillionaire real estate operator r. r also was named in the usury charges The usury charges are the re res result re- re s suIt sult ll of the p pyramided loan pools said to have totaled and andon andon andon on which City J Prosecutor 13 H. O J J. Lickley has estimated estimate in excess Interest was char charged ed The grand Jury investigation of the Julian fiasco has b been en under |