Show L. L A. A Oil Scandal ScandalS R Rocks Finances 2 Prominent Bank Banh ank i. i t. t ed Accused of 01 I Embezzlement I G E June Jun 27 AP AP- AP I A The Tuli Julian n petroleum m stocks scandal today rocked ro ked the entire tin financial structure of the Southwest st when it it w was s announced ed d that thai Charles harles F. F Stone tone pred president nt of the Pacific Southwest Trust and Savings bank and John E. E B Barber r president of ot the First Securities company were among th those se indicted by the grand and Jury last week The two bank presidents president's whose names names appear appear at th the very forefront of Los Angeles' Angeles financial who's Vho are are charged with three counts of embezzlement and one count of a. a accepting a bankers banker's bonus Bond was set in hi th the indictment at which L L. L LC C. C Compte Davis attorney stood ready to make when the men appe appeared t for r arraignment probably later t today day The I stock tock fiasco next found a a reverberating echo in the motion Continued o on page 8 L. L A. A Oil Scandal Rocks Finances Continued from page 1 1 picture colony olony when the tile name o of Louis Luis B. B Mayer president of ot the Metro Gold Metro Mayer wyn-Ma wyn er Producing corporation one of ot the lead leading Ins film fm companies appeared on another In In- In He Is charged with wih us us- us ury Others Other Indicted all al for usury were Adolph capitalist an and I theatrical man Joe T millionaire real rca i estate dealer Albert Lane Lne president of the tho te 1 Progressive Finance corporation H. H A. A Bell Bel vice president of the I Pacific Southwestern Trust an and i Savings bank F. F E. E Harris broker and capitalist Henry S. S Mackay Jr attorney Alvin Frank automobile finance I dealer William Rhodes Hervey former forme superior judge and capitalist P. P L. L McMullin and Abe Krell Krel money lenders and brokers W W. I. I Hollingsworth president 0 of f W. W I. I Hollingsworth Co rca real I 11 estate and Insurance Robert E. E Moody vice president t of ot Alvin H. H Frank Co o of which 1 Alvin F Frank k Is president |