Resuming his investigation of U. S. railroad finance in Washington last week after an extended holiday adjournment, Montana's Senator Burton Kendall Wheeler proceeded to another chapter in the popular annals of the late Brothers Van Sweringen (TIME, Dec. 28). Again the belligerent Senator did little except add spicy paragraphs to a chronicle already well-outlined. The chapter under revision last week concerned a hapless $30,000,000 bond issue put out by the Vans in 1930 with the aid of the best names in Wall Street.
Negotiations for this loan started with old Guaranty Co. in the...