SECURITIES: Amsterdam Shuts Down

The Amsterdam Stock Exchange, bustling center of Dutch financial life, stopped all trading last week. Like so many of Europe's troubles, the reason for the stoppage dated back to the war. When the Germans overran The Netherlands in 1940, they helped themselves to a giant Dutch treat: all Jewish-owned stocks, bonds and other assets were expropriated and deposited with a Nazi-controlled company which took the name of Amsterdam's famed Lippmann, Rosenthal & Co. For a while, the Nazis' Lippmann, Rosenthal preserved the myth of Jewish ownership, credited the original security owners with accrued dividends. But the myth was short-lived....

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