Word: aldrich
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...Committee on Banking & Currency is given his chance to tell not what he did but what he thinks should be done. As J. P. Morgan's turn came last May and Otto Kahn's turn came last June, so last week came the turn of Winthrop Williams Aldrich, chairman of Manhattan's great Chase National Bank...
Chase Losses. Mr. Winthrop Williams Aldrich, now Chase chairman, sent an itemized list of his bank's investments in Fox Film and General Theatres Equipment. These figures showed a total investment of $89,330,047, now carried at $19,757,866. Loss to Chase...
...investigating Senators last week continued writing the fifth chapter of their book of revelations-the chapter of Manhattan's Chase National Bank, its Mr. Wiggin and its Mr. Aldrich. Not so much excitement did the sequel make for the U. S. Press but far more excitement for the characters involved. The characters began to speak their minds in no uncertain terms...
Cuba. Most of the investigation's fifth chapter of revelations was about Mr. Wiggin rather than his bank, but the bank -and Mr. Aldrich-came into it strongly on the subject of loans to Cuba. In a secret session of the committee Mr. Aldrich, who was not a Chase official when the loans were made, strongly urged that the subject be pigeonholed in view of the seething Cuban situation. It might lead to more bloodshed. His request leaked out and a Washington newspaper reported that ''Wall Street influences" were trying to keep the Senators from their work...
...Aldrich managed to say that of the $80,000,000 loaned by Chase to Cuba nearly $20,000,000 had been repaid and interest was being paid on the rest. Every bit of $80,000,000 had been paid to contractors (for construction of the new Cuban Capitol and of a highway the length of the island) on work certificates approved by the Secretary of Public Works. Not a cent had been paid to ex-President Machado or other officials. Later Chase Vice President Shepard Morgan admitted that General Enoch Crowder, then U. S. Ambassador to Cuba, had given...