davidaulloa/AmericanStories huggingface dataset:
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1933-10-06
AN UNDERCURRENT
OF UNREST THAT
RISES DAY BY DAY
Honey Grove, Tex.

Honey Grove, Tex.
Dear Editor:
At last I've borrowed some paper,
managed for stamp and will try
to make "a brief report. AS to
my own status, it is easily told.
have continued to work ten
and twelve hours a day for the
magnificent wage of Is cents,
while commodity prices have
doubled. I am just barely exist
ing. can't inform myself as L
should. Grinding, binding toll is
our only edification.
The farmers Of this section are
badly incumbered with debt, and
most of them have lost their farms
Some have taken the bankrupt
law. Some are still hanging on
under an Indebtedness many times
the present value of their land,
while others have been completely
closed out. The country is in de-
plorable condition.
I Undercurrent of Unrest
However, there is IN under cur
rent of unrest that is becoming
more pronounced from day to day
and especially among the more in
telligent is there a movement to
understand conditions. Desplir is
giving place to action and Russia
is the rising Star of Bethlehem
that is focusing all eyes to q glor-
ious new day. Just at the pres
ent moment our eyes are cloudec
by a foolish nebulous condition
passing fog of folly md we are
hoping for the impossible by pillow.
ing up our cotton.
This will pass, the Soviet sys
tenn will stand and the next few
: months we hope that anothe,
great people will find their SAINT,
and Germany will be added as
sister nation to her neighbor
Soviet Russia.
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1933-10-06
JOBLESS FORCED
TO PICK COTTON
K. F. c. Cuts Relief to
Force Jobless to Pick Cot
ton at Starvation Wages
3y Special Corresnondel

by Special Correspondent
Austin, Texas.-Travis county's
new welfare board, administering
federal emergency relief funds,
has announced that it is going to
aid the farmers. But this aid will
consist in cutting off of workers
from the R. F. c. rolls so they
will pick cotton vt starvation pay
for the large landowners.
The board is composed of DIR.
w. E. Gettys, liberal" professor
at the University of Texas; L. J..
Schneider, banker; Emmett Shell
ton and Q. C. Taylor, lawyers, and
w. C. Carson, who lost his job
at athletic coach of the Austin
High school because of his rela-
tons with girl students, accord
ing to reports. Skeletons brother
Is secretlry of the local fascists.
ATTEMPTS TO FRAME SIX
A number of workers have al
ready been dropped from the re-
lief rolls because they refused to
pick cotton. The R. F. C. at
tempted to frame six who refused,
on ~ charge of forging work
tickets.
The workers and small farmers
of Travis county are showing a
disposition to stand together. The
farmers 'are asking for leadership
and organization. One share
cropper walks IL miles each week
to intend the meetings of the
Austin Unemployed Council.
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1933-10-06
FARM GROUP in
YOUNG COMMUNIST
LEAGUE HITS WAR
LOup City. Nebr.

LOup City, Nebr.
Dear Editor:
international Youth Day was cele-
brated here for the first time.
The Young Communist League
had a well-arranged program of
music, tap dancing, and revolu-
tionary songs.
ANGEL Owens gave short talk
on the Young Communist League
and on the meaning of Interna-
tional Youth Day.
The main speaker was Carl Kron
who spoke on the war danger.
Kron was elected recently to rep
resent the farmers here at the u
s. Congress Against War which
met in New York on Sept. 90.
MANY YOUTH JOIN
The meeting closed with the
singing of the international. Man.
young farmers wanted more infor
nation on the Young Communis
League Several Joined 1T tn
meeting.
The following resolution wa
passed at the meeting:
"Be it resolved that we
200 people present at the In
ternational Youth Day meet
ing, Sept. 8, pledge our sup
port to the Young Communist
League in their struggle
against war.
1--WE further pledge our
selves that we will not shoot
your father, your brother,
your uncle, your cousin, yonr
friend, your sweetheart, or
your comrade if we are forced
into an imperialist war against
our will.
eve will fight our real ene-
: my, the capitalist class"
! r. M.
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1933-10-06
THEY HAVE NO
REAL RANK AND
FILE ORGANIZATION
Rochester. Wash.

rochester, Wash.
Dear Editor:
Visiting my brOthere in An
dover, Ohio, during the month
of August, / found the follow
ing conditions:
Workers and farmers are
hard hit there under the de-
preston, the same as they are
IN the middle and western
states. Sheriff sales are COM
mon on mortgaged farms all.
over the state. The small home
owners In the cities are also
very hard HIT"
What is worse about the con-
ditions, here is that khev have
no rank and file workers and
farmers organizations. These
farmers and workers are wait
me- for Roosevelt n the NRA
70 puU tFEem ont IF this situa-
ton found onlv iou0 farrno-
who rood fro ppODTrCrpc
NFWS @o 7 wood III. fn ~No-~
y =" he -,o;~1-he--~ --,S hol-
thorn 70 ~~~arize = rcol rol,Ir
and file f.rnse~e ,a-9a-'--4'e-.
-yake
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1933-10-06
SOVIET AERONAUTS
ASCEND NEARLY II MILES

MOSCOW O. s. S. R., Oct IN
Red Army balloon, Stratostate. bro5 Inc ne
worlds record and assembled 11.8 mill. u. @e
the air. The previous record was snrn.l llC
by 5000 feet. Although the temnppr assed
outside was SO degrees below ze Ir"'e u
aeronauts sweItered in their hermetio,.U@ e
sealed gondola in which the temperofa,nyy
was sc above. '"'0re
The ascent was made by Georvi Dr.,
ofief, Ernest Birnbaum, and Ko9qt. lux
Gudenoff. ""'n
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1933-10-06
Youth Seeking Work Is
Killed Under Freichl

WILLISTON, N. D.-Clifford
Fouhy, p youth of 81, died in the
hospital here of injuries received
while trying to board moving
freight train. AS he tried to get
on the FREIGHT he slipped and fell
under the wheels.
Fouhv was on his wav to Glas-
gov. Mont. to look for work.
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1933-10-06

Philadelphia Regional Committee
for Action, Phillip and James
Smith, dairy farmers here were
cut off from their market by the
Engels Diaries.
H,rmers called a meeting Of all
EngeTs shippers ard passed a reso-
luton demanding that persecution
against the Smith brothers be
stopped. and that their market be
restored to them.
/ This action of the farmers
j forced FngeIs N'iriRe 70 accept
milk a~s5~ from the Smith broth
ars.
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1933-10-06

NEBR. HOLIDAY PRES.
CALLS FOR SUPPORT
OF CHICAGO CONF.

LAS the agricultural crisis deep
ems we farmers must make every
effort to send "a large delegation
to the Farmers Second National
Conference, My humble appeal to
the Holiday folks is to stick by
your neighbors and keep the or
g,nization going as it's quite EVIL
dent that in the near future our
mettle will be tried"
]. ]. Schefcik,
State President, Holiday
Assn. of Neb. (Madisor
County Plan).
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1933-10-06
MILTTARIZATION HIS
GREATEST ACT. SAYS
AUSTRIAN PREMIER

Vienna. Oct. 5-Chancellor Eng
ebert Dollfuss. addressing near
nv run~l mass meeting recently.
listed amono his most IMPORTANT
achievements the recert move for
increasing Auetria's arrnv from
90 on0 70 20 600.
He ur~ed Austrians hatvon7'
+hn no of ~ -a,,1 PC RI eeizn The
oncorturitv 70 nalIv TO Austria's
oo'o~- 81 ~ r,il;tar~- f~~i'''7~
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1933-10-06

working in the fields. No sugar
has been bought for long time.
In many villages there is not
even salt to be found. Most of
the cottages have pine chips for
their only illumination. The
petroleum lamp is a luxury of
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1933-10-06
800 STEEL WORKERS
STRIKE IN BUFFALO PLANT

BUFFALO, N. Y, Oct. 3.-Three hun
dred workers in the Pratt and Latchworth
Steel Co., have struck under the leadership
of the Steel and Metal Workers Industrial
Union. Their demands are recognition of
the union, general increase in wages from
20 to 80 per cent, and abolition of the
tt1ninute" system and gang work.
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1933-10-06
FAMINE RACES IN
POLISH VILLAGE

Warsaw, Poland, Oct. 5-The
newspaper "Pranny Courier"
publishes a description of the
famine in the Sarny district of
Poland.
starvation prevails on the
peasant farms. In many vii
lagos whole families are starry
ing, and in numerous cases
peasants have fallen dead while
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1933-10-06
ENGLAND GAINS
IN ARGENTINE MARKET

BUENOS AIRES, Argentina-A tar
iff agreement between Great Britain and
Argentina was signed here last week re-
ducing the tariff on English exports to
this country. This is a blow to the United
States, England's greatest competitor for
South American trade.
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1933-10-06
PICKET FORD
PLANT IN ROW BOATS

EDGEWATER, N. 1.-Two thousand
strikers have closed down Ford's automo-
bile plant here. They came out in response
TO appeals of Ford Strikers in Chester, Pa
Expecting attempts to bring scabs into
the plant by way of the river, strikers are
patrolling the water front in row boats.
Unemployed have offered to join the picket
lines in solidarity with the workers. Three
strikers were arrested Oct. 2.
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1933-10-06
BLUE VULTURE
BRINGS NO JOBS
TO CHICAGO WORKER

Chicago, Ill.
Dear Editor:
ROOsevelt's "NeW Deal" is not
improving conditions. We find
many workers of different
trades. who cannot get a days
work at anything, although the
blue vulture is pasted up in
many places. So the struggle
of the city workers and the
farmer must go on, for the
right to live.
Who has more right to life,
liberty and the pursuit of hap
piness than the farmers and
city workers?
" ~
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1933-10-06
STORMS IN
SOUTHERN FRANCE

PARIS, France. = CIoudbursts and
thunderstorms, wichh brought rivers and
streams to overlooking in Southern France
took toll of IA lives, caused extensive loss
of live stock, and damaged considerable
property.
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1933-10-06
LONGSHOREMEN TIE
UP COAL SHIPMENTS

PITTSBURGH, Pa.-Eighteen hun
dred longshoremen along the Allegheny,
Ohio, and Manongarala rivers have an
nounced a sympathy strike with the coal
miners strike This will affect all ship
nnents of coal along the three rivers.
The decision to strike was reached by
the rank and file members of Local No. 942
of tn international LongshOremen's
Union.
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1933-10-06
MICH. AUTO STRIKE
NOW INVOLVES $4,000

DETROIT, Striking tool and
dye makers in the automobile plants o.
Detroit, Flint, and Pontiac. have swelled
their numbers to $4,000. At meeting Oct
1 three thousand strikers made plans to
spread the strike to other cities.
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1933-10-06
NEW MEXICO
MINERS WIN DEMANDS

GALLUP, N. Striking coal min
ers at the Southwestern Mine here re-
turned to work last week with all demands
granted. One of the demands was recog-
milton of the National Miners Union.
The strike continues in the four other
mines around Gallup.
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1933-10-06
ANOTHER ANTI-RED
DRIVE PLANNED IN CHINA

SHANGHAI, China.-General Chang
Kai-shek, head of the Marking gOvernnsSIs.
in China, is making preparations fOr ~
eighth anti-C Communist drive Each one Die. y
his previous drives against the workTs; 81.
and Peasants Red Army resulted N .. ~
astrous losses of men and ammunlg Is.s
Whole divisions of Chang Kal,Snsass s :
troops have been known to desert 70 W
Red Army.
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1933-10-06
STRIKE OF 100000
COAL MINERS CONTINUES

PITTSBURGH, Pa.-Despite frantic
but unsuccessful efforts of the "leader-
ship of the United Mine Workers "a. F.
of L. to drive them back to work, 100000
miners in the soft coal fields of western
Pennsylvania continue out on strike for
recognition of their union.
A group of strikers booing scab were
fired upon by the scab One miner was
killed.
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1933-10-06
PUBLIC PAYROLL
HELD UP BY BANKS

HONOLULU, Hawaii, Oct 0.-1 ,.srs
wages of 5000 government employees ssE T
not paid yesterday, the Honolulu O asusrr-
refused to advance money to the gO rroFy
ment for this purpose. What VII .r rt
ably happen will be that the goye over Isgs-
will put through the tax and budge' 70
lation demanded by the banks. u,bich
This is one of the means Dy .,;cv
bankers dictate the government pOH''
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1933-10-06
AMBRIDGE
STEEL WORKERS OUT

AMBRIDGE, Pa, Oct. 3.-Between
1000 and 5000 steel workers at the Cen
trial Tube plant downed tools and went on
strike yesterday for an eight-hour day
without decrease in wages, and recognition
Of the Steel and Metal Workers Industrial
Union.
A strike is imminent in the National
Electric Products Co.
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1933-10-06
$4,000 CHINESE
PERISH IN FLOODS

NANKING, China.-FloOds OF he
swollen Yellow River in July and August
caused the deaths of $4,000 people. For
merly the peasants protected themselves
by putting aside flood fund which was
used to build and repair dikes This fund
has been used up by the many war lords
for the maintenance of armies.
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1933-10-06
JAPANESE EXCURSION
BOAT OVERTURNS; SO DEAD

KUMAMOTO, Japan, Oct. "A Japa
nese excursion steamer with 100 pasSeng
ers aboard, capsized few days ago. Thirty
three dead bodies have thus far been re
covered. Twenty-seven are still missing
Seventy were rescued.
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1933-10-06
METAL WORKERS
WIN THEIR STRIKE
able Metal

NEW YORK.-The Durable Metal
Products Co. has given in to all the de-
mands of its 200 workers after six weeks
of strike. The strike was led by the Metal
Workers Industrial Union. Demands won
include 80 per cent wage increases, an g.
hour day and five-day week. and time-and-
sa-haH to be paid for overtime work.
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1933-10-06
10000 TRUCKMEN
OUT IN NEW YORK CITY

NEW YORK, Oct. ga strike of TO-
600 trucl1men and helpers began yesterday
in the flour, bakery, grocery and furniture
trades. The demands are for decrease in
hours.
Five strikers were arrested when they
tried to prevent scabs from delivering
goods
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1933-10-06
IL YEARS JAIL FOR
DISTRIBUTING LITERATURE

ROME, Italy.-The Fascist Specla
court sentenced four young workers from
Bologne, the youngest only IL years OF age
to five, eight, and II year jail sentences
According to the statement of the pOns
tno other witnesses appeared the fOui
youths had distributed anti-Fascist llterS
ture.
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1933-10-06
ARRESTED FOR
GOING OUT OF BUSINESS

MARBACH, Germany.-A milk deala,
here, whose business was ruined bv n.
higher prices for milk and the increasins
poverty of the masses has been arrests
by the Fascists for giving up his business
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1933-10-06
TO SELL GAS
MASKS TO CIVILIANS

COPENHAGEN, Observation-Disclosures
ments are being made to supply the civilian
population of Denmark with gas masks 20
prepare it for chemical warfare. The masks
will be sold in drug stores.
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1933-10-06
NEW CROP OF SOVIET
ENGINEERS AND TECHNICIANS

MOSCOW, U. S. S. R.-A new crop Of
young Soviet engineers and technicianS will
enter industry this year. There were re-
Gently graduated 6,432 engineers and 81
232 technicians. They will be given jobs
Immediately.
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1933-10-06
BIG SHOE
STRIKES IN N. Y.

NEW YORK.-The 140O shoe workers
in the Jacob and Son plant have walked
out on strike joining thousands of other
shoe workers in New York. The biggest
shoe shop in the city, l. Millers, is now
closed down 100 per cent.
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1933-10-06
SWEDEN RENOUNCES
LONDON TARIFF TRUCE

STUCKHULM, Sweden.-SWeden has
followed the example of Holland and h.
renowned the tariff truce signed at tLs
World Economic Conference in London hi.
year.
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1933-10-06
MILK FARMERS CUT
OFF MARKET FOR
MILITANT ACTIONS

NEW HOPE, Pa.-For militant
activity in the United Farmers
Protective Association and the
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1933-10-06
PLAGUE
IN MANCHURIA

MUKDEN, Manchuria.- nI.,
is spreadign slowly in Manchuria p'G ~
number of deaths is increasing, desnits i !.
tempts at hating the plague. '''' d.
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1933-10-06
20 ARRESTED FOR
ANTI-FASCTST ACTIVITY

DRESDEN, Germany, Oct. 3-Spvor..
workers were arrested yesterday, charuas
with carrying on illegal Communist s soS
anti-fascist activity. a"
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1933-10-06

only the richest peasants Fl7nts
are used in place of matches
At one time the poor peasants
could earn something as wood
choppers, but this work has.
stopped entirely"
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1933-10-06
Your LAST and Only Hope

BY LOUIS A. kURTZ
(Sg to of TRAMP, Tramp Tramp the Boys Marchr
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1933-10-06

The Produces News 81 a year.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1933-01-11
LATE PROFIT-TAKING
SENDS FUTURES DOWN

Minneapolis, Jan. 1l.-(R)-Late
profit-taking in all grains caused
Minneapolis May wheat to close sc
lower and July 12c lower.
Traders gave most of their atten-
ton to wheat and failed to show i'm
pOrtant interest in coarse grains.
Commission houses had joblots of rye
to sell and there was little hedging
pressure on barley futures. Oats were
hard to trade In. Cash houses took
flax offerings very readily and selling
was general in character with some
hedging pressure shown.
Minneapolis May oats closed un-
changed, May rye &c down. May
and July barley &c down and May
flax &c up. July flax closed unchang-
ed.
Cash wheat premiums were firm to
strong again and there was a good
demand for the meager offerings of
desirable quality. Winter wheat was
in steady demand and offerings
were light. Durum was scarce and
In good demand.
Cash corn was scarce and in fair
to good demand. Oats demand was
more competitive and tone was
stronger on the average. Rye of mill
ing quality was in good demand and
firm. Barley was in better demand
as fresh buyers showed interest. Flax
was in good demand II choice and
in slow to dull demand II very ordi-
nary to poor.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1933-01-11
Livestock
so. ST. PAUL LIVESTOCK

South ST. Faul, Jan. u.-(R)-(A.P
-U.SD.AD - Cattle, 100; trade
opening SLOW; tendency weak OIL ma
tured steers and fat cows; yearling
steers early ATS: choice long year.
llngs held around SIS; bulk fed Of
ferings salable 3.50-4.50; beef cows
200-50; butcher heifers 2.75-4O0;
yearlings up to 4.50: bulk all cutters
1855; medium grade bulls 275
Gown; feeders and stockers in light
supply about steady: calves, 5000;
vealers around Is lower on palmer
grades; sorting considered; good and
choice grade offerings mostly 800
400: few to 4.50.
Hogs, l,100: market active 1915
higher: better 10000 lib. 200 to most
~ 800: top 800; 2OO-230 Id. 2.75-9O;
a few to 800; 230-290 lb. 250-75; 130-
l60 lb. uneven. 2.75-3.00; pigs mostly
2.75; bulk packing sows 10000:
smooth lightweights to 2.25: average
cost 2.63; weight 900.
Sheep. 5000; run includes around
u doubles fed westerns and moder-
ate number Of natives OH sale; SELL
ers asking stronger; bulk good and
choice native lambs Tuesday $50; a
few lots fed lambs up to SIS.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1933-01-11
Tribut,e's Grain, Livestock and
Market Report for Wed, Jan. IL
Neutrality-suspicious.
DROP Off SHARPLY
WHEN TRADERS SELL
Profit Taking BY Spectator.
Blamed For Decline Fol-
lowing Early Rise

Chicago, Jan. 11.-(P)-Late profit
taking sent wheat prices downward
nearly 2 cents a bushel Wednesday
after an early advance on persistent
commission-house buying.
Progress of the agricultural allot-
ment measure at washington was
sharply watched and afforded con-
siderable incentive to buyers. The
days top prices were reached after
announcement that a move to kill the
enacting clause of the allotment bill
was defeated.
Corn and other grains were affect
ed by the action Of wheat.
Heavy profit-taking sales, however
in the last few minutes tumbled
wheat back almost cents from the
days high point. Wheat closed un-
settled, Ia to So under Tuesdays
finish, May 40 7-8 to SO, July 20 3-s
to 1-2. Corn 1-8 off to 3-8 up, May
~ "a to 10, July % IA to 80. Oats
1-8 to Ia down, and provisions vary
ing from 2 cents decline to 10 cents
advance.
All future deliveries of wheat rose
soon to q new top for the current
movement. Buying that accompanied
the upswing was general and active
but of relatively cautious sort that
contrasted with Tuesdays sudden
big rush. Helping Wednesdays ad-
vance was statement by a trade
authority suggesting that 125 600. O00
bushels Of wheat would be fed to
livestock this season, 10000 ,OOC
bushels more than appeared likely
two months ago.
Reactions, however, carried the
wheat market back at times to about
the same level as Tuesdays finish
The setbacks were generally ascribed
to selling by professional spectators
who were in a position to realize
profits. During one bulge in prices
May wheat touched 81 cents a bushel
the highest point since Nov. IS. and
Z 3-4 cents above the low of Dec. %
Corn and oats mainly followed wheat
Provisions reflected hog market
upturns.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1933-01-11
COLLATERAL CHANGE
FOUND IN KREUGER
AND TOLL inquiry
Partner in Boston BROKERAGE
Firm Is First Witness in
Probe Renewal

Washington, Jan. 11.-tP,-Substi-
tuition of inferor collateral to sack a
SIG. 500 900 issue of Kreuger and Toll
bonds sold in the United States UNI
der an agreement approved by the
New York Stock Exchange was
charged Wednesday at the resump-
ton Of the senate investigation.
Questioned by members of the SEN
ate banking committee, Donald Du-
rant, partner Of Lee Higginson and
Company, bankers for the bonds. told
OF the substitution Of Hungarian for
French bonds back Of the issue.
Chairman Norbeck. in opening the
long delayed inquiry, said the conn.,
mittee had evidence that the agree
ment under which the substitutions
were made was approved by the New
York Stock Exchange.
Testifying in an even voice, Durant
said the $1,000 Kreuger and Toll
bonds we're now selling for $40.
He contended that the Hungarian
bonds were good, but that exchange
difficulties prevented payments from
being made.
The committee developed testi-
mony that the stock exchange was
not informed of the collateral SUBJ
stitutions until after the sensational
suicide Of Ivar Kreuger, Swedish In
duStrialist, in March. 1892.
Durant said he had not questioned
the integrity of Kreuger until after
his suicide.
The inquiry into flotation Of Kreu-
ger and Toll securities was intended
to bring to light new phases Of the
mysterious operations Of the late
Swedish match king who headed the
giant financial empire and killed
himself.