Business: Caldwell Crash

The financial South was excited fortnight ago by rumors concerning the big investment house of Caldwell & Co. (pronounced Cald-well), at whose head is Rogers Clark Caldwell, potent & popular banker, promoter, huntsman. Fears were partly alleviated by the announcement that a committee of the Nashville Clearing House had taken over the firm's affairs (TIME,, Nov. 17). But last week it became apparent that the difficulties of Caldwell & Co. were too great for the Clearing House committee. As a result a financial storm swept over...

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