Because the Chicago Board of Trade, if its officials had been conscientiously alert, might have prevented the Armour Grain Co. frauds (TIME, April 25 et ante), the Board has been the butt of severe criticism. Last week the situation was:
¶Illinois state senate had passed the Kessinger bill, which will require that all Board of Trade transactions be reported openly. There can be no privacy, no secrecy. The Board had a battalion of hushers lobbying the state house of representatives to prevent passage of the Kessinger bill through that body. If the bill becomes...
To continue reading:
or
Log-In
