CINEMA ENTERPRISES

Poverty Bay Herald, Volume LX, Issue 18255, 25 November 1933, Page 15

CINEMA ENTERPRISES

MR. FOX’S EVIDENCE SENATE INVESTIGATION (Elec. Tel. Copyright—United Press Assn.) (Received November 26, 3 p.m.) WASHINGTON, Nov. 24. -Mr. William Fox to-day testified to tho Senate Investigating Committee that the Hoover Administration attempted to arrange to prevent a. receivership for his vast theatrical enterprise, comprising 1000 cinema houses, only to be rebuffed by Mr. Wiggin, then chairman of the Chase Bank. Mr. Fox quoted Mr. Wiggin as stating, “Tell the President to mind his own business,” when Mr. Claudius Huston, chairman of the Republican National Committee, approached Mr. Wiggin for a loan on bcliall' of Mr. Fox to save the corporation, whose assets then totalled £60,000,000. Sometning in the nature of burlesque entered into the proceedings when Mr. Fox, in telling of bankers whose aid lie solicited, stated: “Bear in mind tiiat these men in 1929 were almighty. They were not working under the regime wo arc working under now. There was no new deal then, and common people were just people then.''