OCR Text |
Show Control Of Loan Firm In Balance Proxy forms sent out by I be -stale banking department to stockholders stockhold-ers of the Western Loan and Building Build-ing company have been protested by the proxy committee represent-1 represent-1 ing the stockholders of Utah and Wyoming. Under the form sent ut notifying stockholders of the meeting December 15, Utah investors invest-ors are asked to designate John A. Malfa, state bank commissioner as proxy. Investors in other states are asked to designate building nd loan commissioners of their respective re-spective states. The proxy committee, representing represent-ing the stockholders declared that "we do not want the old management manage-ment back or the company under :ts influence. Such a control as would arise from the proxy powers on f erred on state officials would inevitably result in permanent political control." |