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...Cutten & Sinclair. Inquisitor Pecora's next witness was not so explicit as Mr. Raskob, but the Senators eyed him much more curiously. He was not only the manager of a syndicate which had cleared $12,000,000 without putting up I? but also the biggest stock and grain speculator that the Senators had yet beheld. Spare, white-haired, slightly deaf Arthur William Cutten sat with his hand cupped behind his ear throughout most of the long interrogation on the great Sinclair Consolidated Oil pool of 1928-29. Unsmiling he peered through his spectacles at Inquisitor Pecora whom he could...

Author: /time Magazine | Title: Business & Finance: Senate Revelations 5:4 | 11/20/1933 | See Source »

Inquisitor Pecora learned that Oilman Harry Ford Sinclair had asked Mr. Cutten to head a syndicate which was to buy 1,130,000 shares of Sinclair Consolidated from the company at $30 a share. At first, when Sinclair was selling on the New York Stock Exchange at $28 a share, Mr. Cutten was not interested but when it later rose to $32 he accepted. Harry Sinclair, Arthur Cutten, Blair & Co. and Chase Securities each got a 22]% participation in the $33,000,000 syndicate, and the balance was allotted among such friendly interests as the security affiliate of Chicago...

Author: /time Magazine | Title: Business & Finance: Senate Revelations 5:4 | 11/20/1933 | See Source »

...Cutten: No. We didn't have to manipulate the market at that time. It was a perpendicular market-always going...

Author: /time Magazine | Title: Business & Finance: Senate Revelations 5:4 | 11/20/1933 | See Source »

...Cutten: To make some money...

Author: /time Magazine | Title: Business & Finance: Senate Revelations 5:4 | 11/20/1933 | See Source »

...many a wealthy Chicago home by announcing: "The gangsters told me that they had a list of men they were going to take and that every one of them would pay." Instantly local and state police guards were thrown around the homes of 40 rich Chicagoans, among them: Arthur Cutten, John D. Hertz. President Warren Wright of Calumet Baking Powder Co., Otto W. Lehman (former owner of The Fair department store). The names of the other 36 marked men were withheld by police. Politicians. Beer drenched and politics complicated another major kidnapping of the week. For four days the relatives...

Author: /time Magazine | Title: CRIME: Substitute for Beer | 7/24/1933 | See Source »

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