Evening star., 1933-12-16
FINDING Of FACTS
! ONU.S. SAWNGSIS
! PRESENTED COURT
Paners Prepared a Week Ago
Held Up Pending o. K. OF
cooper's Counsel
PRESIDENT MAKES NEW
OFFER TO REOPEN BANK
Proposes to Use Own Funds to
Make Up Additional Surplus in
Letter to Controller.

Taking steps to bring to final con-
clusion the District Supreme Court
case Of the United States Savings Bank,
the Treasury Department today sent to
Justice Jennings Bailey Q copy Of the
proposed findings of fact and formal
decree.
The Treasury had prepared these
papers more than q week ago. but, it
was understood, was unable TO obtain
from counsel for Col. Wade II. Cooper,
president Of the bank, an agreement
Is to the form. The papers were
therefore sent to Justice Bailey today
for whatever action the justice and Col.
Cooper's counsel may care to take.
In the meantime Col. Cooper made
new offer to the Treasury Department
for reopening the bank, and the Central
Business Mems Association special COM
mittee went into session to take further
action on the bank situation.
Justice Bailey on November 20 de-
MED Col. Cooper's plea for a man
damus to force the Treasury to reopen
under the Cooper plan.
Offers Own Funds.
Col Cooper offered to pay In q rea-
sonable amount for additional surplus"
to reopen the bank.
The offer was made in a letter to
Controller Of the Currency O'Connor
Col. Cooper explained, however, that
In his opinion the bank was perfectly
solvent and its capital unimpaired if
the controller would accept the valua
ton of the bank building by his own
appraisers, william Beale, Vernon G.
Owens and H. L, Rust. These ap-
praisers, Col. Cooper explained, had
ground at $4,000, although it had
been assessed for taxes for years at
$129, 900.
Carried at $4,000.
Col Cooper stated he would abide by
those appraisers appointed by the con-
troller, but the controller himself SO
far had refused to do SO. The bank
building had been carried on the rec
ords of the bank in reports to the
controller for years at $1,000 and is
so listed in the report by which the
bank is declared insolvent.
Meantime, a new committee from
the Central Business Mems Associa-
tion, headed by Arthur Clarendon
Smith, today continued its efforts to
take immediate action" to reopen the
bank. This committee complained
that there was undue delay in reach
ing a final decree of the court in the
Cooper court case.
In reply to the Central Business
Men, Col. Cooper h a statement to-
day said he had been urging coun-
sci for the controller as well Is his
own attorneys to agree upon q finding
of facts, but if they did not agree
within the next day or two, the matter
would be submitted to the court to
write its own finding of facts"
Charges Wrecking Attempt
Col Cooper further stated that "a
lot of innocent people are being used
by little clique in the so-called Gen.
trail Business Mems Association for the
purpose of carrying out plan believed
to be set on foot by the controllers
Office with the object of wrecking the
savings bank by the appointment of a
receiver to sell its assets to q new
bank to be organized by this little
clique.
1.-The delay of the controller" said
Cooper, lin refusing to negotiate for
the opening of the bank until the entry
of the final order was wholly unneces-
sary and arbitrary, but seemed to be
perfectly satisfactory to this little group
who have never wanted to open the
bank, but wished to wreck it for their
own selfish purpose"