To Washington, D. C.; last week journeyed Ernest W. Stirn, student in the University of Chicago's graduate school. He wanted to tell the Senate Banking & Currency Committee, still prowling into the affairs of Wall Street, about the Radio-Keith-Orpheum reorganization last year. To guide Shareholder Stirn in the telling, along went William John Morgan, onetime Attorney General of Wisconsin.
The RKO reorganization which followed much short-selling of the stock, provided that each shareholder invest $5 a share in RKO shares or have his interest in the company reduced by 75% (TIME, Dec. 21). Mr....
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