A great trolley stock from Connecticut's Middletown Street Railway Company, featuring a detailed trolley car vignette ... [ View ]
Trick or treat! In 1933, in one of Wall Street's nastiest Halloween surprises, Albert H. Wiggin, former president of the Chase National Bank, testifies that his personal investment companies had borrowed money from Chase to short-sell $8 million worth of Chase's own stock as it crumbled in the Crash of 1929. The revelation of this disgraceful conduct inspires Congress to add a provision to the Securities Exchange Act of 1934 banning corporate officers from short-selling their own shares.
POB 223     |     Cold Spring NY 10516
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