Salt Lake Herald-Republican | 1919-01-05 | Page 37 | Tax Dodgers Blamed for Big Bond Sales

TAX DODGERS BlAMED fOR BIG BOND SAlES New e York Jan 4 Charging big bib cross order sales of ot Liberty Libert bonds by income tax dodgers transactions in ono da day exceeding As Assistant Assistant Assist Assist- ant mt District Attorney Brogan Drogan in a a. re report report report re- re port to the count county district attorney to toda today today to- to da day urged tho the need of ot an inquiry b by bythe bythe the stock exchange to ascertain tho the names of ot wealthy men suspected of ot thus causing causing- tho the decline in the o of the time war securities sharply below parIt parIt par It is generally conceded said Mr Ir Brogans Brogan's report b by those who ho arc fa familiar Ca- Ca a- a with market conditions that the thelow thelow low 10 prices obtaining for Liberty bonds at time the end encl of or tho the income tax year was seized upon b by a great gleat man many to sell their bonds with a view of or establishing establish establish- log InC losses loes to offset profits which would havo have to bo be shown In making making- their income tax reports Small investors he said have been bean persuaded to exchange their Liberty Libert bonds for worthless stocks In ono one western state he said worth of or Liberty bonds of tho the first and second Issues ha had ben b wheedled from gullible investors In and nd it would be a fair o estimate to place tho the amount thus obtained by swindlers at to Promoters of ot worthless stocks and bonds will be subpoenaed to the district district dis dis- dis attorneys attorney's s office next week as ns a result of or numerous complaints of ot 10 loss 3 according to Mr 11 Brogan