Salt Lake Telegram | 1935-09-18 | Page 13 | Quits Home Owners Loan Position

QUITS IOME OME OWNERS LOAN POSITION ate te Manager Reigns Re Re- igns gns to Resume Prill T ll T vate B Business siness esS t Francis state manager 1 be ie e Home Owners' Owners Loan corpora- corpora ln In Utah since formal L of the office 1933 an- an meed his tz son on j f fe The e work of ending lo loans ns is almost corn corn- comte te and my I business in- in ests eats in Ogden oiro iro re my full fuI i Mr 1 r n fl t 1 ion 0 fl rl la l explained F. F La- La Lato to IUT W of Washing Washing- D. D C c. sp special 0 L C n t a 11 v c in inar ar arge go e of f the Mr Ir Fowles iii office said Wednesday he ho did whether a n successor will appointed to take over Mr les' les duties fr r. r Fowles Wednesday tele- tele phed notice of ot his resignation to fl red S. S R. R Wilson assistant gen gen- ral manager of ot H HO O 0 L C at Wash Wash- on Be use Mr Fowles' Fowles action will ll j doubt dou t be a surprise to all of or his lends ends and business associates in tab tali I wish to advise ise that he has operated with me during my stay this office and has given me in- in assistance in disposing of ofie ie applications for loans our corporation Mr LaPour Via id d. d The state of Utah because of the Operation ri received from Mr Bowles and all other Ino in IB o H Jl 0 O I L C office can take great leasure ure in the knowledge that it Isle is ne le of the first states to complete II work rk on applications and ad- ad fince them lo to the legal department fer closing Mr Fowles will remain in fri his of- of fr ce c until O October 1 f The me great work which has been by the H 0 O L C of Utah has been beeri a source of consid- consid i frable able Ie satisfaction to me he said Wednesday than applications n been filed and ancL about leans as will vil be closed Individuals banks trust comp companies nies and bulldog build build- lri og and loan associations have been fr benefited by the activity of Mi hl corporation corporation- and the various materials men and hers have been recipients of many millions Billions of dollars t The I rhe Home Home Loan bank board is Is' charged c with NOD Ibn n the Ule Home Owners' Owners L Loan Jan corpo- corpo tion b en generous and kind od ts cooperation is beyond MB t in fn any respect A few cases ave tave been rejected but only because scope of th the law could not be interpreted to include certain classifications classi class 1 li of property I is probable that a successor ny y lie be appointed and I r am giving the lie H 0 O L C board the usual notice Def Before rel I leave so that whatever steps may be deemed necessary can canDO be betaken DO taken while I am still in office who is a former president Ien dent Jent of ot the Utah state senate has lias hasi t. t i building real estate and Ie business busbies in Ogden