Business: California, Here I Run

There was no doubt about it: the U. S. was seeing within its own frontiers what has come to be a commonplace of Europe—vast sums of timid money skittering out of a country at the first rumor of devaluation or rebellion. By last week the flight of capital from sunny California and the EPIC plans of its Democratic nominee for Governor had become a major market factor.

Election betting on Socialist-turned-Democrat Upton Sinclair plunged to even money. Forthwith the stocks of six big California enterprises...

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