Business & Finance: Baum Bonds

Last July when Missouri's new Governor Lloyd Crow Stark was enjoying a vacation in Alaska his State Board of Fund Commissioners sold $3,000,000 worth of State building bonds to Baum, Bernheimer Co., a Kansas City bond house, at an "emergency" private sale. St. Louis bond dealers, who had not been given a chance to bid, charged that the State lost $50,000 on the premium of $100,000 paid by Baum, Bernheimer. St. Louis' Post-Dispatch made the most of it, pointed out that the same sort of thing had happened twice in the previous administration...

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