Show TRIG THi STEEL SCANDAL CANDAL ZED call cat the U attention of The he A Herald to tiel the report of f the Cruel Cruci Crucible ble Dle Steel Steal Company of America pub published published ta be the PItt Times 11 of Oct 22 nit It seems seams from this report that the officials of i C the tho company had bad acl allowed the public GI to believe that the com om company I Ipa pasTs pany pa earnings for the year just end eDd ended ended ed Pd would be about When a a meeting was held beld the annual report bowed net Bet earnings earning of 1110 1 and aad anda aada a of due to the pay paT payment payment ment of a dividend on preferred stock ateek which was wu paid but bat not earned The milk In Sa the cocoanut was the fact tact that some people presumably pr insiders de had bad unloaded an enormous amount of m this preferred stock on the Pittsburg public at nigh high prices by circulating the report that the company earn earnings rD lugs ings were twice what they really were Another r peculiar feature of the annual report was wu the charging off elf of one item of ot over OTer due to a clerical error In ID the tM report of ot the previous year rear Altogether the manipulation of Cru Crucible Crucible cible Steel has baa been so 0 peculiar so much like Uke the Schwab scandal dal in ID the shipbuilding trust that In Investors investor vestor w have ha been paralysed by the thes exposure s re and 4 are calling for tor the pun punishment punishment of the die offenders If payment of dividends out of ot a deficit deception of ot investors ton by false statements of or earnings and aid the juggling Ju Una of accounts are not criminal in tn Pennsylvania they th thou ought ou bt to be and aDd in ID any DI event the tho t officials who will do such things de deliberately deliberately deserve a long lone residence In Inthe Inthe inthe the along al with the other c I crooks and land thieves who do dolc Its lc se injury to society |