STOCK FRAUDS IN UNITED STATES
revelations ai senate INVESTIGATION. Onlted Pi ess Association —By Electric Telegraph —Copyrlglit (Received November 30. 5.5 p.m.) ■WASHINGTON, November 29 Before the Stock Market Investigating Committee to-dav, William Aldrich, head of the Chase Bank, recommended legislation for fundamental reforms of American banking. He blamed the Federal Reserve Bank policies, during the Harding and Coolidge administrations, which were very j largely responsible for the "collapse of the banking structure." Mr Aldrich proposed the Glass.eagall Bill should be strengthened by amendments and additions, and the more complete separation of commercial and investment banking proposals. He made several revelations. The promoter of the Detroit (Canada! Tunnel Company received stock worth 4,592,000 dollars bonus, cne recipient [being Mr Cotnstock. Governor of Michigan
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Bibliographic details
Timaru Herald, Volume CXXXVII, Issue 19661, 1 December 1933, Page 9
Word Count
123STOCK FRAUDS IN UNITED STATES Timaru Herald, Volume CXXXVII, Issue 19661, 1 December 1933, Page 9
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