Business: Personnel: Nov. 12, 1934

Last week the following were news: ¶ Last spring Joseph Randolph Nutt, onetime board chairman of Cleveland's closed Union Trust Co., was indicted on a charge of dressing up his bank's statement with a $10,000,000 deal with Oris Paxton Van Sweringen (TIME, April 23). Last week after a trial before Cleveland's Judge Paul Jones, a jury of eight men and four women pronounced Mr. Nutt not guilty. Said he: "My conscience is clear." ¶ When John Jeremiah Pelley went to Washington to head the new Association of American Railroads (TIME, Oct 1), it...

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