Films and Finance
MR FOX’S TESTIMONY WASHINGTON, Nov. 26. Mr William Fox, of Fox Films Corporation, testified that the Hoover Administration attempted to arrange to prevent the receivership of his vast theatre enterprise, comprising 1000 cinema houses, only to bo rebuffed by Mr Albert Wiggin, the then chairman of the Chase Natoinal Bank. Mr Fox quoted Mr Wiggin as stating, “Tell tho President to mind his own business,” when Mr Claudius Huston, then chairman of the Republican National Committee, approached Mr Wiggin for a loan on behalf of Mr Fox to save the -corporation, the assets of which were then 300,000,000 dollars. Something of a burlesque nature entered the proceedings when Mr Fox, in telling of bankers whose aid was solicited, said: “Bear in mind that these men in 1929 were almighty. They were not working under the regime we are working under to-day. There was no New Deal then. Tho common people were just people then.’’
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https://paperspast.natlib.govt.nz/newspapers/MT19331129.2.77
Bibliographic details
Manawatu Times, Volume LIV, Issue 7326, 29 November 1933, Page 8
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157Films and Finance Manawatu Times, Volume LIV, Issue 7326, 29 November 1933, Page 8
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