Evening star., 1933-09-02
SEEKS INJUNCTION
F.. INBANK MERGER
Col. Cooper Would Prevent
U. S. Savings Bank From
Joining Hamilton Group.

Charging oficials of the Treasury
Department, President e. c. Graham
Of the new Hamilton National Bank
and Wilbur H. Zepp, conservator OF
the United States Savings Bank, with
fraudulent conspiracy" against the de-
positors and stockholders of the United
States Savings Bank, Col. Wade H
Cooper, former president Of the United
States Savings Bank, today filed in the
Supreme Court of the District Of Co
lumbia q bill asking an injunction to
prevent the savings bank joining the
Hamilton merger and to prevent the
Treasury from restraining him in his
efforts to reorganize the savings bank
Is . separate institution.
Weodin Among DefendantA
Defendants in the case are Secretary
Of the Treasury William H. Woodin,
Controller of the Currency ]. F. T.
O'Connor, Deputy Controller Of the
Currency F. G. Await, Assistant Secre-
tary OF the Treasury Walter ]. Cum
mings, w. r. Milford and w. Irving
Shuman of the reorganization division
of the office Of controller OF the cur
rency, together with Zepp and Graham
Justice Jesse c. Adkins issued . rule
in the case for the defendants to show
cause Tuesday morning before Justice
Jennings Bailey as to why the tenn
porary Injunction should not be granted
This brings both court actions concern
ing the Hamiltonn Bank before Justice
Bailey at the same time.
Col. Cooper filed this action in court
today following his protest yesterday
against court approval Of the contract
by which prime assets Of the United
States Savings Bank in the amount OF
$930.495 would be sold to the Hamilton
National Bank as q necessary part OF
the merger.
The court was asked for q rule re-
quiring the defendants to show cause
at an early date as to why q temporary
injunction should not be issued.
This further complicates the progress
Of the Hamilton National Bank toward
an opening date, as this new action Is
now pending in the court where the
proposed contracts between the eight
member banks and the Hamilton Bank
are to be considered next Tuesday
Justice Bailey is to hold hearing on
the contracts in chambers on Tuesday
morning.
Treasury Action Attacked.
Col Cooper, represented by w. Bis
sell Thomas and John w. Staggers
claims he Is the owner Of $50 shares
comprising Sc per cent of the capital
stock OF the United States Savings Bank
and is a substantial depositor in the
bank He contends the bank had been
successful for many years and that
through the action Of the Treasury In
declining to license the bank after the
banking holiday and the efforts to force
the bank into the Hamilton merger
the United States Savings Bank has
virtually been wrecked"
Although the bill is directed specifi-
cally against the efforts Of the Treasury
and the Hamilton Bank oficials to
bring the United States Savings Bank
into the merger. Col. Cooper makes
general charges concerning the Hamil-
ton Bank itself
Col Cooper asked the court to restrain
the defendants on several points in
Guiding an injunction against assigning
or attempting to assign any OF the assets
Of the United States Savings Bank to
any corporation. person, persons or asso-
citation representing the proposed Ham,
ilton National Bank