Show WALKER GREW EXITS GIANNIN GIANNINI ENTERS I SAN FRANCISCO Feb 17 P The iP-The IThe The A. A P. P Giannini forces are in control of the management of the Bank of America Ameria National Trust and Savings association as a result resul of re resignations and elections at the annual meeting here The shift shit in control followed the Giannini proxy contest victory at the annual anual meeting of Transamerica corporation cor cor- at Wilmington Del Del Resignations included those of Arnold Arnold Arnold Ar Ar- nold J. J Mount Mount president of Bank of America N. N T. T and S. S A. A Lynn P. P Talc Talky chairman of the board and George A. A A Webster executive vice ice president president A. A A P. P Giannini was elected president and nd also chairman of the board The Te stockholders reelected 60 of the former former for for- mer iner directors and chose an executive live tive committee of oC 12 12 headed by Dr IA A. A H. H Giannini brother of A. A P. P It Itis Itis I is presumed the new setup will wi manage manage man man- age a affairs airs at least until the return of Giannini from the east cast cast John is i's M. M 1 Grant vice president of the bank who was named president of Transamerica corporation at the Wilmington meeting left last ni night ht for tor forthe forthe the east cast east He announced a policy of economy His own salary of a Ii year will wi be the maximum for any official he said James A. A A Bacigalupi who leaves the presidency of Transamerica made madeno no statement re regarding ardin the Giannini victory The results speak for themselves them themselves selves he said Electric power output for tor the week lek ended kilowatt tt hours February 13 wa was hour a I decrease of 62 per cent from the COrle corre- corre COrl- COrl dl week e last year In the e preceding d week e output tp showed hl Jer n a del decrease At 0 of 54 per from last year The central Industrial salon re l decrease of 97 7 PT r cent Chicago o dl district S 8 5 S r Nt cent and Atlantic seaboard 42 2 per cent a- a 4 |