IMMENSE BUSINESS
EVI'DJENCE AT THE INQUIRY Wasliington, May 25. The enormous business dealings of the Morgan firms were vividly portrayed by evidence that it sold more than 6,000,000,000 dollars (approximately £1,300,000,000) in securities to the public since the war days of which more than 2,000,000,000 dollars had been retired. Mr. George Whitney, one of the Morgan partners, testified that he had made more than 140,000 dollars profit on the sale of 14,000 shares of Alleghany stock he was especially allowed to purchase through the firm. The former President, Mr. Coolidge was contained in the list of favoured purchasers.
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Rotorua Morning Post, Volume 2, Issue 542, 27 May 1933, Page 5
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98IMMENSE BUSINESS Rotorua Morning Post, Volume 2, Issue 542, 27 May 1933, Page 5
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