Show LOAN ASSOCIATION TION PETITION DENIED and liquidation of the thc National Building and Loan association instituted September 26 1933 b by y State Stat t Banking Bankin b Commis r I John A AMalia AJi n I 1 Malia Mafia will probably r ably con continue tin u 1 along the thc same r 1 lines it t has been been S d i following k V That was indicated indi indi- f f i Thur daj R f after D District 1 S tr i c t 4 1 Judge Jude Herb Herbert rt M. M MS z Schiller denied an q J investors' investors c co com k o m- m v petition tc set aside banking department a aLion ac action c- c t 7 tion Lion taken to date Petitioners Mr Malia contended the proceeding had been improperly inaugurated and that the proceeding was in reality a con- con procedure leading ultimately ulti ulti- to suspension of the busine busi busi- ne ness s. s The company had assets of and liabilities of equal amount when the banking department department department depart depart- ment took it over Judge Schiller ruled the bank commissioner had acted in strict accordance with the law adding that the petition was without merit The investors investors' comm committee action was led by Dr A A. E. E Tripp Dr Mazel Ma- Ma zel and Sarah J. J OConnor |