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Wall Street Profits From 1929 Boom Revealed in Senate Probe
Senate investigators detail profits of 12.2 million in a boom time oil stock syndicate led by Arthur Cutten and associates including Albert Wiggin and Harry Sinclair. Witnesses discuss wash sales and loans from Chase Bank tied to the 1929 market crash. Alfred E. Smith denies participation, says funds were used to buy stock in their own trust company and loans were fully repaid.
MENTIONED IN THIS ARTICLE
Washington (Ap
Arthur Cutten
Senate
Washington
LLP
Albert 3. Wiggin
Harry F. Sinclair
Arthur W. Cutten
Cutten
Pills Consolidated Oil Corporaon
John J. Raskob
Alfred E. Smith
County Trust Company of New York
Couzens
Mich
Sinclair
Ferdinand Pecora
New York Stock Exchange
Pecora
New York
INS
Smith
Senate Banking
Raskob
Chase National Bank