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Totalitarian Trend Feared warns against socialist economy shift
President Emmett E. Connely warned the Investment Bankers' Association of America against a socialistic, totalitarian trend now appearing in the United States after Europe and Russia. He argued higher government control would push private enterprise into bondage, harming thrifty investors as banking faces a Europe-like shift. Connely addressed 600 delegates, opposing a so called new order and stressing the importance of American institutions amid SEC compulsory bidding rules.
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Hollywood Beach
Fla
Emmett E. Connely
Investment Bankers’ Association of America
Russia
Europe
United States
Hock
Connely
Securities and Exchange Commission