Business & Finance: Overseas Achievements

By last week the Foreign Bondholders Protective Council, a wholly private agency sponsored by President Roosevelt to sidestep the international embarrassments of Title II of the Securities Act, had two solid achievements to its credit.

Shortly after an irascible holder of a German bond tried to attach the S. S. Europa one day last January, the Council dispatched Lawyer Laird Bell to the Berlin conference between the German Government and John Foster Dulles, acting as representative of the U. S. banking houses which had issued German bonds. Upshot of that conference was a...

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