Business: Baum's Bonds

When their new Governor Lloyd Crow Stark promised them a "businesslike administration" last November, Missourians felt that a good place to begin businesslike reforms was in the marketing of State bonds. In 1934 Missouri voters authorized a $10,000,000 issue of building bonds for the rehabilitation of prisons and charitable institutions. Few months later the first $2,000,000 worth were sold to the highest bidder among six syndicates, including most of the top-flight bond houses in the U. S. The next $2,000,000 lot, however, was not opened to public bidding but sold privately in March...

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