George W. ("Penny-a-Pound Profit") Loft, candy maker, horse-racer, onetime member of the House of Representatives, last week became a banker by a fluke.
Three months ago he bought the building at Seventh Avenue and 33rd Street, Manhattan, in which the Brotherhood of Locomotive Engineers Co-operative Trust Co. occupied ground floor space. They vacated, leaving to Mr. Loft fine banking fixtures worth $150,000. When salvaging junkmen offered him only $25,000 for all the equipment, he decided that for such an amount he might well play as a neighborhood banker himself. His bank, created last...
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