Past Post: Camlin Hotel And Cabanas
September 30th, 2008 by Cliffe | Sorted Past Post | 3 Comments »
What a day. The largest point drop in U.S. market, ever. Now that’s history
Woah, emoticon. At the risk of merely looking back to the “good old days,” here is an old postcard showing The Camlin Hotel and Cabanas. The hotel had its own financial troubles. Just after opening in 1926, questionable withdrawals were noticed and State Supervisor of Savings and Loans W.L. Nicely said:
“This resulted in the meeting of the officers and directors with the supervisor October 2, when it was decided, with my advice and concurrence, that instead of closing the institution, the interests of the shareholder would be better served by securing an agreement with Linden and Campbell to make restitution as far as possible by turning over to the association all of their personal and other holdings, including the Camlin Apartment Hotel, under a trust agreement, and that, under the direction of the supervisor an endeavor would be made to restore the impairment of the capital of the association, the same officers and directors to continue in office, and the completion of the Camlin Apartment Hotel, which is under construction, to be carried out.”

