Business & Finance: Guaranteed Indictments

New Yorkers were suddenly reminded one day last week that they once (1911-17) had a U. S. Senator named James A. O'Gorman. The kindly, white-bearded old gentleman spent a quarter hour before a grand jury, trying to stall off an indictment of the executive committee of defunct New York Title & Mortgage Co. for allegedly issuing false and deceptive statements in connection with the sale of guaranteed mortgages. Now 74, a trustee of New York University, Mr. O'Gorman emerged from the grand jury chamber with tears in his eyes. A little later he...

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