The Hemisphere: End of the Rope

Toronto stock pushers who have been operating by mail and telephone to take U.S. suckers for an estimated $50 million a year in phony gold and oil stocks neared the end of their rope last week. The Canadian Senate ratified a change in its extradition treaty with the U.S., making such fraud an extraditable offense. No longer protected by the border, blue-sky stock peddlers can now be arrested in either country and tried where the buyer was actually bilked.

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