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Quizzed by Monopoly Committee. Washington, D.C., Dec. 21. Herbert G. Shimp, President of the American Conservation Co., detailed to the National Monopoly Committee today the deal he made with Hugh T. Martin, President of the Illinois Bankers Life Assurance Co., whereby $430,000 paid to his--Shimp--company to reinsure the Illinois Bankers Life Association was 'kicked back' to Martin and two of his associates. Martin told the committee that he and his associates used the money to buy stock in the Life Assurance Co., which succeeded the association

Quizzed by Monopoly Committee. Washington, D.C., Dec. 21. Herbert G. S...

A black and white photo of a man sitting at a desk. Public domain portrait photograph, free to use, no copyright restrictions image - Picryl description

Before Monopoly Committee. Washington, D.C., Dec. 20. William H. Woods, former President of the Illinois Bankers Life Assurance Co., and Head of the Illinois Bankers Life Association, today outlined to a Monopoly Subcommittee the circumstances surrounding organization of the company in 1929 when it reinsured and took over the Illinois Bankers Life Association. Woods testified he had received $100,000 in cash and $60,000 on notes when the reinsurance deal went through

Before Monopoly Committee. Washington, D.C., Dec. 20. William H. Woods...

A black and white photo of a man sitting in a chair. Public domain portrait photograph, free to use, no copyright restrictions image - Picryl description

Before Monopoly Committee. Washington, D.C., Dec. 20. William H. Woods, former President of the Illinois Bankers Life Assurance Co., and Head of the Illinois Bankers Life Association, today outlined to a Monopoly Subcommittee the circumstances surrounding organization of the company in 1929 when it reinsured and took over the Illinois Bankers Life Association. Woods testified he had received $100,000 in cash and $60,000 on notes when the reinsurance deal went through

Before Monopoly Committee. Washington, D.C., Dec. 20. William H. Woods...

A black and white photo of a man sitting in a chair, Library of Congress Harris and Ewing collection Title from unverified caption data received with the Harris & Ewing Collection. Gift; Harris & Ewing, Inc. 1... More

Quizzed by Monopoly Committee. Washington, D.C., Dec. 21. Herbert G. Shimp, President of the American Conservation Co., detailed to the National Monopoly Committee today the deal he made with Hugh T. Martin, President of the Illinois Bankers Life Assurance Co., whereby $430,000 paid to his--Shimp--company to reinsure the Illinois Bankers Life Association was 'kicked back' to Martin and two of his associates. Martin told the committee that he and his associates used the money to buy stock in the Life Assurance Co., which succeeded the association

Quizzed by Monopoly Committee. Washington, D.C., Dec. 21. Herbert G. S...

A black and white photo of a man sitting at a desk, Library of Congress Harris and Ewing collection Title from unverified caption data received with the Harris & Ewing Collection. Gift; Harris & Ewing, Inc. 19... More