Business: IBA

On their best behavior were the 500 gentlemen at White Sulphur Springs, W. Va. last week for the 23rd annual convention of the Investment Bankers Association of America. A more sophisticated group than the commercial bankers who rumbled into Washington last fortnight only to have their leaders surrender to the White House, the investment bankers kept their fulminations strictly to themselves. Scrupulously deleted from the IBA's official press releases were all exciting passages.

Deeply grateful for small crumbs, the bankers praised the amendments to the Securities Act,...

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