Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-16
Fifth Invoked
By0fficia| Of
Savings Firm

SdvIllyS Tnll
BALTIMORE, Feb. 16 (Spe-
ciaD. - William L. Robinson,
81, Miami attorney and vice
president of the First Con-
tinental Savings g. Loan Asso-
citation of Chevy Chase, in
voked the Fifth Amendment %
times in a Federal court con-
tempt hearing today.
Mr.. Robinson was questioned
by Special Assistant United
States Attorney Arnold M.
Weiner before Judge r. Dorsey
Watkins in a hearing TO show
cause why the Illinois Mortgage
Corp. of Chicago should not be
held in contempt.
Mr.. Robinson, who also has
an apartment at 1886 Sixteenth
street NV, says he was elected
president of the Chicago firm
in late 1861.
Edlin an Officer
Illinois corporation records
for previous years show that j..
Kenneth Edlin, SO, of Chicago,
who is awaiting sentence fol-
lowing a "no-contest" plea to
mail fraud in Baltimore Fed
eral Court. also was a principal
Of the firm.
The United States attorney
in Baltimore has named Edlin
as the principal figure behind
First Continental and another
Maryland savings-loan associa-
ton, First Colony of Prince
Frederick.
A Federal grand jury under
Mr.. Weiner's direction is inves-
tigating the role of the associa-
tions in connection with two
multi-million dollar land deals
in Southern Maryland and Vir-
GINA.
Mr.. Robinson's attendance
at the contempt hearing grew
out of a session of the jury
on January 80 when Illinois
Mortgage record books were not
produced according to the
jury's order.
Press for Receiver
Meanwhile, on another front
the nine savings and loar
shareholders, who recently wor
a court battle to take theil
bankrupt association out O!
State-supervised receivership
today asked for prompt ap.
pointment of a Federal receiver
They also sought an account.
ing of the money spent and tn,
assets accumulated by the
State-appointed receiver, Pau
M. Coughlan, in the tangled
Mutual Security Savings &
Loan Association case.
The firm was put in receiver,
ship on November "a. 1t hat
$3.l million belonging to TOO
| to 5000 savers in its accounts
, Mr.. Coughlan, of Silver Spring
reported earlier this week tina
he has accumulated between
$4,000 and $4,000.
Fear Asset Loss
In their petition filed in Bal,
timore Federal Court the nint
pleaded that "the assets Of tn,
bankrupt estate will be dis
sipated unless this co,lr
!, promptly" makes the appoint
ment.
| They said that the dissipa
t ton could come through delay
including foreclosures on Ger
tain properties whose secon.
mortgages are held by the as
ISOLATION or it's affiliate firms.
The request was made t,
Joseph o. Kaiser, Federal ref
T eree-in- bankruptcy. Mr.. Kai
ser already has ordered tn
president of Mutual Security
> Robert Harold Symonds o
!. Chevy Chase, to turn pertinen
records over to him.
i Not Typical Savings-Loan
e The shareholders earlier thi
S week succeeded in having Mu
tual Security taken from MI
f Coughlan's jurisdiction an
r placed in Federal hands on tn
e basis that it was not a typics
e savings-loan firm exempt fror
e bankruptcy laws.
= By doing so. said their at
y torney, Charles A. Doctor, tn
~ shareholders may eventual
e receive a greater return on the
a dollar than if the case stage
e in State hands.