Word: wiggin
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...subscription of the new issue were surprised by getting bigger allotments than they expected. Sales of unwanted bonds in the market forced the price of the new issue, dubbed "converts." down almost a point below the subscription price. Base-Stealing. The Senate investigating committee last week had Albert Henry Wiggin, son of Mary Baker Eddy's rewrite-man.† ex-chairman of the Chase National Bank, once more on the stand. This time his old friends and clients learned: 1) that one of his family holding companies had made over $4,000,000 by selling Chase stock short...
...Doctrine carries a tacit implication of disapproval. Any government that attempts to maintain itself in the shadow of American condemnation leads a precarious existence indeed, for our political influence is enormous, and the size and importance of our economic stake was revealed in the ingenuous confessions of Mr. Wiggin, Mr. Lamont, Mr. Morgan and company...
...Albert H. Wiggin...
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...
...five years (1928-32) while the Chase Securities Corp. through a subsidiary had made $159,000 in dealing in some $860,000,000 of Chase stock, three of Mr. Wiggin's family holding companies had made $10,425,000 dealing in the same stock. Mr. Wiggin's explanation of the discrepancy was that the Chase subsidiary had been operating in & out on a trading basis to distribute stock to the public; his own companies had been operating for the long pull...