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Up to last week William Crapo Durant had lost three fortunes, been twice ousted as president of General Motors, seen his Durant car fail, his art treasures auctioned. Yet he remained spry and bright-eyed, an oldtimer who had played a losing but gallant game. Then came a sour tagline to his riches-to-rags story: he was cited by Secretary of Agriculture Henry A. Wallace for a measly commodity fraud Secretary Wallace charged 77-year-old Willie Durant, his wife and various associates including the brokerage houses of Alexander Eisemann & Co. and H. W. Armstrong...

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