Business: Jams

To the burgeoning history of U. S. financial scandal were last week added four chapters:

¶ As SEC relentlessly pushed its investigation of the Richard Whitney failure, the famed name of Thomas W. Lament for the first time entered the case. Testifying in Washington, Morgan-Partner George Whitney revealed that he had borrowed from Morgan-Partner Lamont the $1,082,000 which he loaned his brother Richard last November to enable him to return securities of the Stock Exchange Gratuity Fund. Said he: "I told him [Lamont] that my brother was in a jam. ... I told him...

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