Show Y I The Indicted Bankers Y T HE Julian Petroleum stock fiasco now 1 t f demonstrates how bank officials ial ray may j. j pt plunge their own institutions and a whole s sec section sec sec- c- c lion tion of the tile nation into a grave financial dang danger dan dan- g ger gr r by th their ir questionable personal a acts as s fi financiers The arrest of two bank pr presidents in Los Angeles rocked the entire financial structure of- of the Southwest says an Associated Press d diSpatch patch The two tw-o high chieftains of finance are are ale charged with three counts of embezzlement embezzlement embezzle embezzle- embezzlement ment and one count of accepting a bankers banker's bonus Seven even directors of one large bank w. w were vre re indicted for alleged p participation in pools po amounting to a hundred million dollars th that tare are credited with undermining the Julian concern The banks batiks have taken action to assure the public t that at their officials officials- acted as individuals in their alleged unlawful pl plotting Yet the di disastrous effects on stable conditions in southern California are much the same as if th the bank funds were heavily involved Public c confidence is sh shaken ken I s- s Bankers Bankers owe a sacred public duty to use their power as financiers financier rightly If th the indicted bank officials of Los os Angeles Angeles' did didas dida a as they are charged their criminal guilt Jilt is dd doubly ly great great because because of the fact that the they held places s of public trust and influence If th thy they y violated the most sacred canons of their positions p they should pay a penalty commensurate comment I t with the wrongs |