British Union. The holder of a $ 1,000 defaulted South American bond would have a hard time getting satisfaction from the defaulting nation. One man speaking for holders of a billion dollars' worth of defaulted bonds might get somewhere. Cognizant of this, last week between 250 and 300 English and Scottish investment trusts, the investments of which are far flung, formed an association to deal with defaulters at home and abroad. Continental and U. S. trusts with mutual problems are expected to cooperate.
Sugar on Trial. Testimony-taking...
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