[?]ORGAN BANKS
EGOMMITTEE LOOKS NTO THE INNER WORKINGS )ER GIVES EVIDENCE (Rec. May 24.) Washington, May 23. ier working-s of the wealthy mking finn were unravel- ' by the Senate eommittee investigating the affairs of p, Morgan, the senior partrasthefirst witness, placed Meposits at 250,000,000 i the assets at almost j§ doilars. fest attendance in the his■nate investigations crowdjge eommittee room and (into the corridors. They lenators, their wives, and b. etators gasped as the wit- !? revealed for the first pridngs of the firm bearje, ;fre twenty partners, he foeet every week-day exW. They deeided not to f w^en the daily meetpun twenty vears ago. |testified that he did not ;!s claimed a loss of H' "Ollars for two days in Wk its income tax. He de■khanks and the practice K "'s partners to hold ■ >n institutions in which B'nterested. Bani under questioning, ■ not pay income tax in M, ^ihed part icipation ■tlal share of the firm's B also partieipated in ■sses.
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Rotorua Morning Post, Volume 2, Issue 540, 25 May 1933, Page 5
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161[?]ORGAN BANKS Rotorua Morning Post, Volume 2, Issue 540, 25 May 1933, Page 5
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