MONEY & BANKING: Rescue Operation


In California's courts and press last week three hardheaded, self-made midwesterners were locked in noisy battle for control of the largest building and loan company in the U. S.—the $50,000,000 Pacific States Savings & Loan Co. The three battlers: 1) California's Building & Loan Commissioner Ralph Willard Evans, who fortnight ago took over Pacific States "to conserve and protect the investments of thousands of people"; 2) retired Millionaire Norman Waite Church, who was appointed custodian of the company; 3) ham-fisted Robert Stewart Odell, Pacific States' chief owner.

Robert Odell has...

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