Washington D.C., August 17, 1936 – The Fidelity Building and Loan Association, once a beacon of hope for its 18,000 members, has been plunged into chaos. Controller of the Currency J.F.T. O’Connor’s July 18 order to suspend the association’s activities has left its members reeling. But in a shocking move, the association’s chairman, Dr. Ralph W.S. Bonnett, has announced a reorganization plan aimed at saving the institution from financial ruin.
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Key Facts
- State: National
- Category: White Collar Crime
- Era: Historical
- Source: Library of Congress — Chronicling America ↗
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