Word: chase
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Dates: during 1930-1939
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...investigating Senators last week continued writing the fifth chapter of their book of revelations-the chapter of Manhattan's Chase National Bank, its Mr. Wiggin and its Mr. Aldrich. Not so much excitement did the sequel make for the U. S. Press but far more excitement for the characters involved. The characters began to speak their minds in no uncertain terms...
Cuba. Swart Inquisitor Pecora brought a number of Chase's vice presidents to the stand and, more interesting, produced their candid correspondence with one another, procured from the Chase's letter files. One letter told that Jose ("Wood Louse") Obregon, son-in-law of President Machado hired by Chase's Havana branch (at $19,000 a year), had turned out to be absolutely useless for any purpose except entertaining clients; that Machado had used up $9,000,000 of a $12,000,000 pension trust fund. Other letters declared that $18,000,000 had been spent unnecessarily...
...Committee's criticisms of the Chase's operations in Cuba: that the Chase had gotten $40,000,000 owed to it by Cuba refunded into Cuban bonds which were then sold to the U. S. public; that the Chase had in effect unloaded on the public, since Cuba then had a deficit of $7,000,000 for the previous year (not mentioned in the prospectus for the bonds); that the Chase and its associates had taken some $3,000,000 for financing and refinancing $80,000,000 in Cuban loans...
...Board of Directors of the Chase National Bank of the City of New York...
Four days later he had Mr. Wiggin back on the witness stand and developed facts that were bigger news to other Chase officers sitting in the Committee room than they were to the investigating Senators...