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Show Accused Banker Hangs Himself In Jail Cell COLORADO SPRINGS. Colo., Dec. 12 (U.ft) Walter Clyde Davis, who chose death by hanging in his New York jail cell today, rather than the disgrace of standing trial on the charge of looting the defunct de-funct City Savings Building and Loan association here, faced the wrath of some 6,000 investors, as well as the penalties of the law. When he disappeared last June 13 he" left behind only $19,700 as the liquid assets of the organization organiza-tion which he headed, a corporation corpora-tion once valued at $2,000,000. The investors in the corporation, mostly most-ly residents of the Pike's Peak region, prosecuted an international search of seven months, hoping to bring him to justice. Davis told his wife, associates and state officials just before he disappeared, that he was going to Washington to seek aid for his tottering institution from the Reconstruction Re-construction Finance Corporation. He never appeared in Washington, and the belief grew that he had fled to Europe, using a passport which he had obtained for a previous prev-ious trip. Governor Adams enlisted enlist-ed state department assistance in the search of Europe. Meantime authorities questioned 1 : . ' r. pretty Eva Terry, 27, former secretary secre-tary of the defunct company. She admitted calmly, readily, that Davis Da-vis had given her $18,000, an automobile, auto-mobile, diamonds and other gifts. Davis was found dead by a turnkey, turn-key, his body hanging by a noose fashioned from a necktie, ft ; . ' m |