Business & Finance: Ball & Chain

Armed with blanket authority and a $25,000 appropriation, Montana's Burton Kendall Wheeler set out a year ago last May to show the Senate Interstate Commerce Committee, of which he is chairman, precisely how the art of railroad finance had been practiced in the U. S. in late years. Hand-picked for the Senate by Railroad Coordinator Joseph B. Eastman was a list of likely subjects. Much of the preliminary field work in the investigation was done by the experienced staff of the Interstate Commerce Commission. Named as inquisitor was Max Lowenthal, lawyer-author of The...

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