02 May 1922
Page 1
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This newspaper page contains 5 articles. Subscribers can read the full text of each article.
Newspaper
Indiana Evening Gazette
Location
Indiana, Pennsylvania, United States of America
Date
May 02, 1922
Page
1
An article argues life insurance strengthens banking credit and business, showing a banker’s view that both firms and individuals benefit from mutual protection. It uses a fable of a hunter and a discussion of collateral, risk, and the rising use of life policies in credit, urging prudent planning and trust arrangements.
Prosecutor Tuls Mere reveals 50 million loss in bucket shop schemes. Assistants at work as complaints from victims multiply, detailing fraudulent investments and misused funds across multiple accounts and dealings.
Major docket activity centers on alleged stock fraud schemes with total involving about 1.41 billion dollars. Authorities report one headline figure on a Chicago firm tied to the case, with arrests of a leading executive and investigations extending to two other entities. The case timeline is unclear but court action appears imminent.
Investigators pursue three suspects tied to a $6.5 million loss to investors in Oklahoma and realty firms. The alert urges investors to beware of slick disclosures and the appeal of fast profits, noting widespread gullibility among victims.
United States Bureau of Mines tallies 187 deaths in March across coal mines. Pennsylvania and Wyoming show sharp rises, while overall fatalities fall 25 percent from February. The report notes increased output with a corresponding drop in fatality rate per ton, details regional changes and explosive usage.
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