Morgan firm sales tactics questioned in 1930s bond case
Testimony described Morgan and company distributing securities through large networks of retail houses with no salesmen, while noting prices far below public offering. Letters from political figures, including Raskob, were cited as part of the record, linking securities to political circles and personal relationships.
MENTIONED IN THIS ARTICLE
Whitney
J. P. Morgan and Company
Goldsborough
Yenrs
Fletcher
Strawn
J.P. Morgan
Couzens
Silas Birama
Chamber of
Qnmmrriee
United States
Teciva
Arcurites
Waitney
Morgan
Florida East Coam Roadeny
Mobile & Ohio Railroad
Massouri Pacific
Counsel and Morgan Ties Highlight Alleghany Stock Deal
Revelations from a Senate inquiry show Morgan partners selling 1.25 million Alleghany shares at 20 while market value neared 70. Witnesses, including Whitney and Pecora, defend no profit motive, noting preapproved allocations to Woodin and others and questioning the integrity of favored lists amid treasury scrutiny. Senior figures like Borah call for ethics above suspicion.
MENTIONED IN THIS ARTICLE
Alleghany
Secretary of the Navy
Adams
Pecora
Boston
Henry
Morgan
Alleghany Slack
Hecora
Navy
Whitney
Newton D
Treasury
Woodin
Senate Banking Committee
Soming
Capitol
Borah
Idaho
the Treasury
Caesar
Morgan and Company
Alleghany Corporation Common
Pesora
McAdoo
Owen
D Young
R. B. Mellon
Walter &. Gifford
Charles Francis Adams
Alfred P. Sloan
Clarence H. Macl*ay
John W. Davis
Morgan Counsel
Fletcher
J. P. Morgan and Company
Guaranty Company of
New York
W. BE
William Ewing
Ieat
Pletcher
Mr. Wood
Catarrh and Sinus Infection Cause Pain and Blockage
Catarrh mucus often leads to sinus infection with pain as drainage is blocked. Free drainage can prevent this. Penetra Nose and Throat Drops claim to shrink swollen tissues and clear mucous to ease breathing. Two sizes priced 25c and 50c.
Fatigue-proof tires claim longest life and safety
Kelly-Springfield Tire Company touts Fatigue-proof tires designed with thicker treads and enhanced non-skid mileage. They promise unprecedented durability tested on rugged grounds under constant scrutiny, with reinforced rubber compounds and controlled materials yielding long life and safety.
MENTIONED IN THIS ARTICLE
Kelly-Springfield Tire Company
Broaleay
New York
Also Mentioned on This Page
Norgh Records
John J. Raskob
Morgan Firm
Democratic Nations Committee
Rogers
Eph R. Nutt
Republican National Committee
Byrnes
Wil Rogers
Progressives
Jess
Ras~ Koh
Paskov
Palm Beach
Fla
George
Etter
Raskab
Peeore
C. M. Bilei
Republican National Campaign Committee
Morrow
Sillis
Dwight Morrow
Sirid
South Carolina
Charles A. Lindbereh
Owght W. Morrow
Perore
Michal G
Iil
Great Britain
Gaissborough
Maryland
Ker
Swearingens
Matthew Brush
W. E. Lowry
Kelly
Springfield
America
Tihe
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