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Admits fraud to Senate committee. Washington, D.C., May 13. Kenneth D. Sture, chairman of the board of the Chicago and Eastern Illinois Railroad, conceded before the Senate Railroad Financing today there was fraud in connection with a 1932 RFC loan to his road. The loan in question was made in March 1932, and totaled approximately $3,600,000. The alleged fraud was in the road's application when it stated it had exhausted unsuccessfully all sources for borrowing privately
Summary
A black and white photo of two men sitting at a table.
Public domain portrait photograph, free to use, no copyright restrictions image - Picryl description
Tags
Date
1900 - 1940
Contributors
Harris & Ewing, photographer
Location
Washington, District of Columbia, United States, 38.90719, -77.03687
Source
Library of Congress
Copyright info
No known restrictions on publication.
