Former head of New York Stock Exchange before Senate Committee. Washington Richard Whitney; former President of the New York Stock Exchange, was the first witness as the Senate Committee investigating railroad financing reopened hearings today. After testifying of his buying activity in Alleghany Corporation stock, a Van Swerigan holding company, Whitney proposed adoption of a rule preventing exchange Governors from passing on listing of new stock in which they or their business firms have an underwriting interest. He defended past practices of exchange officials, including himself, of pa
Former head of New York Stock Exchange before Senate Committee. Washington Richard Whitney; former President of the New York Stock Exchange, was the first witness as the Senate Committee investigating railroad financing reopened hearings today. After testifying of his buying activity in Alleghany Corporation stock, a Van Swerigan holding company, Whitney proposed adoption of a rule preventing exchange Governors from passing on listing of new stock in which they or their business firms have an underwriting interest. He defended past practices of exchange officials, including himself, of passing on acceptability for listing of issues in which they were persoanlly interested Abstract/medium: 1 negative : glass ; 4 x 5 in. or smaller
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