Business & Finance: Silkworth Convicted

In the winter of 1921-22 and the following spring, the strong rise in stocks very effectually put out of business a horde of "bucketshops" and crooked brokerage concerns. Among others was the firm of Raynor, Nichols & Truesdale, members of the Consolidated Stock Exchange. The courts, like the mills of the gods, have subsequently ground slowly. Only last week saw the final conviction against individuals involved by the Raynor, Nichols & Truesdale explosion.

William S. Silkworth, former president of the Consolidated Exchange, had become entangled in the firm's affairs, and was sentenced to a...

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