MAMMOTH COMPANY
FIVE-BILLION-DOLLAR TRUST MOOTED IN U.S. BIGGEST IN THE WORLD (Australian and N.Z. Press Association) Reed. 10.5 a.m. NEW YORK, Monday. The “Post” states that it is learned that Mr. J. J. Raskob, of General Motors, is discussing with leading bankers the formation of an investment trust, which would be the largest in the world, with investments totalling five billion dollars, and would be the largest stockholder in all the important corporations in the United States. The purpose would be to ensure the independence of workers in their old age, and the corporation would be a combination of an investment trust and an insurance company.
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https://paperspast.natlib.govt.nz/newspapers/SUNAK19290507.2.75
Bibliographic details
Sun (Auckland), Volume III, Issue 656, 7 May 1929, Page 9
Word Count
106MAMMOTH COMPANY Sun (Auckland), Volume III, Issue 656, 7 May 1929, Page 9
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