Business & Finance: Downtown

Last week in business districts throughout the land the following were news:

¶A liveried chauffeur in a limousine drove to Sing Sing prison and delivered a small oriental rug which was spread on the floor of a cell occupied by Saul Singer, executive vice president of the late Bank of United States (biggest U. S. bank ever to fail), serving three to six years for fenegling with the bank's funds. The same day trial began to recover assessments of $25 a share from 170 stockholders of the failed bank, and Mr. Singer faced...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!