MILLION FOR NOTHING
AMERICAN FINANCIAL DEAL INTERVENTION IN DEADLOCK
WASHINGTON, Dec. 20
Mr. David Milton, a son-in-law of Mr. John I). Rockefeller, in continuing his evidence before the Securities Commission, told how he had intervened in a deadlock in the affairs of the Atlantic and Pacific International Corporation and had managed without expenditure to obtain 1,145,000 dollars from the deal for Mr. Arthur Morris, the founder of the Morris plan industrial banking chain, who had not been able to profit from the operations of the corporation. Under sharp questioning Mr. Milton said: "I am not proud of the negotiations and wish they had been done differently."
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Bibliographic details
New Zealand Herald, Volume LXXIII, Issue 22608, 22 December 1936, Page 9
Word Count
106MILLION FOR NOTHING New Zealand Herald, Volume LXXIII, Issue 22608, 22 December 1936, Page 9
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