Van Sweringen Agn On cTAD Continued From Page One
Testimony in a hearing shows Orville Van Sweringen and his brother admitting to borrowing 2 million dollars from Guardian Savings and Trust of Cleveland to fund a 2 million dollar subscription to Nickel Plate Securities. They say the money was repaid as part of a plan to take over New York Central stock.
MENTIONED IN THIS ARTICLE
Pecora
New York Central
Guardian Savings and Trist
Cleveland
van Bweringen
Hue
Nickel Plate Securities Corporation
Guardian Savings Ann, Trust
van Sweringen
Mekel Plate Securities Company
New ‘York Central
I. O
J. P. Morgan and Company
Senate
Thomas
Lavant
Morgan
United States
International
Young Lamant
Lee
Lamonte
Morgan Huubie
John We Davi
Hove House of
More Kan
Lemal
Davis
Laan
Dana
Van Sweringen brothers details stock scheme plans
The testimony outlines the Van Sweringen brothers and associates taking 1 million in preferred stock proceeds with 500000 each, plus a 2 million Guardian Tract loan repaid from those proceeds. Pecora presses for full repayment and memory on 1916 I C decisions and a February 1924 trust, with Van Sweringen repeatedly saying he cannot recall specifics.
MENTIONED IN THIS ARTICLE
van Everingen
Securities Company
Ven Sweringens
Ghesepeake
Ohio
Pere Marquesie
Erie
Hocking Walier
Denis
Che
Privace
Sweringen
Pecora
van Swern
van Sweringen Brothers
C. L. Bradley
J. R. Nutt
Interstate Commerce Commission
Answeringes
Van Sweringen questioned before senate panel
Oris P Van Sweringen faced contempt threats as he testified again to the Senate Banking and Currency Committee. Perry Pecora pressed for exact loan figures and personal risk data behind the Nickel Plate and other railroads, charging evasiveness while arguing Morgan interests dominated the holding company system.
MENTIONED IN THIS ARTICLE
Chesapeake Corporation
Lauer
Nickel Plate
Vanieas
Wn J Elder
O. P. van Sweringen
Noved Rauvoag
J. P. Morgan
Pecora
van Sweriteth
Peenra
Senplor Arkler
Democrat
Kentucky
Edwin
Hill
Washington, D.C
Hing
Oris PF
van Sweringen
Senate Banking and Currency Committee
Mantis
Ferri
Petora
Oris P
J. P. Morgan and Company
Pecota
van Swergen
Morgen
Ferora
Morgan
Pecorg
Parias
von Sweringen
Alleghany Corporation
Interstate Commerce Commission
I. C
Perera
Oris FP
Jed UN
Directinft
Guizds
Police Seize 3.2 in El Paso Cafes
El Paso police seized 3.2 per cent labeled beer bottles in six cafés. Chief L T Robey stated no lab tests yet and he would file charges if alcohol exceeds half a percent. Steel output rises, Iron Age notes national ingot capacity at 44 percent.
MENTIONED IN THIS ARTICLE
EL Paso
L. T. Robey
New York
Gandhi Suffering Sudden Setback In Poona
News from Poona indicates Mahatma Gandhi’s condition worsened after a monthlong protest fast against untouchment. An examining physician reported a weight loss of two and a half pounds in two days and tightened visitor restrictions as the doctor seeks to prevent further complications.
MENTIONED IN THIS ARTICLE
Poona
India
Mahatm& Gandhi
Also Mentioned on This Page
AGN
Ctad
Reiss
Anthony Farking
H-R Cafeteria
Imagcaet
Cardus
Bold St
Commission
Morgan and Company
Veness Company
Lense
Coungel
Vaness Company
van Swearingen
van Swerngen
Hir
Chen
Jral
Gulf
Gull Gasvallin
Ted Adath
Alf Veafic
Adependabte
Bire
Annie Haack Pas
Laren Trieste
Meuniere
Great Motor Oils
Lane
Ealfpcide
No Finer
Mir Willie Dae
Tol
Gandhi
San Antonio
Dial
Potter Drug & Chemical Corp
Glidden
GlidAry
Avalon
Saa
Wott Steno Feak Dna Senate
Port Dearborn
Ayteres
Roosevelt
Wanda
Ray
West Commerce
Gliddens
West Commerce St
Fannin
Weiss
Barcein