Salt Lake Telegram | 1934-07-17 | Page 6 | Committee Probes Real Estate Bonds |

Type	issue
Date	1934-07-17
Paper	Salt Lake Telegram
Language	eng
City	Salt Lake City
County	Salt Lake
Rights	No Copyright - United States (NoC-US)
Publisher	Digitized by J. Willard Marriott Library, University of Utah
ARK	ark:/87278/s6f48x6t
Reference URL	https://newspapers.lib.utah.edu/ark:/87278/s6f48x6t

Article Title	Committee Probes Real Estate Bonds
Type	article
Date	1934-07-17
Paper	Salt Lake Telegram
Language	eng
City	Salt Lake City
County	Salt Lake
Page	6
OCR Text	COMMITTEE PROBES REAL ESTATE BONDS House Group Croup Charges Racket Squeezes Investors WASHINGTON July 17 T k A A Ahouse Ahouse house committee investigating the thereal thereal thereal real cst estate tc bond tangle sifted today today to to- day what members termed a racket It prepared a questionnaire to obtain ob ob- thin tain more light on the activities of or orsome some bondholders protective committees committees com corn Complaints have hav been received members said that some such committees committees com have been squeezing Investors investors tors by charging high fees writing up exorbitant repair costs on the property back of or tho bonds and other other oth oth- er cr wasteful practices The question 30 document will be besent besent besent sent to receivers of or closed banks bank trustees and officers of committees commit tees organized to accept deposit of called so-called gold old bonds which ran un into difficulties durin during the slump Chairman Sabath D D. Ill III said the committee wants to determine particularly particularly particularly par par- whether there has been any collusion between bank receivers and organizers of or these committees
Reference URL	https://newspapers.lib.utah.edu/ark:/87278/s6f48x6t/16261575