OCR Text |
Show Valuable Safeguard AMERICANS seeking sdvantageou Investment Invest-ment for fundi which should not li idle, but ahould b doing their proper ccooomk task, hava safeguard which waa wholly lacking tn the era whoa thli country waa flooded by for-eign for-eign aacurity offerings a few yaars ago. If thia protaction had been at their call then, they 1 would havo been spared the staggering losses 1 ' which have called bondholders protective esso-ciationa esso-ciationa into being or. at least, they would have bean able to invest with their eye open and the curtains pulled back for a sweeping view of the scene. Censorship abroad work to conceal tha true picture of conditions, financial and otherwise, that exist In thee nations in particular which are under dictatorships. Not being abU to gauge the future economic statu of such countries, Americans are at a disadvantage in subscribing subscrib-ing to bond Issues floated by those governments. Ia filing with the aecuriUea and exchange commission registration of a $89,004,000 bond Issue, to pay interest on foreign debts, the German Ger-man government refused to reveal some Information Infor-mation which the SEC thought pertinent. The SBC therefore told American holders of German Ger-man securities that the reich government had a "secret debt" of about $2,000,000,000, the fact which the reieh had withheld. If the 6BC continues tn thia manner to fin In all tha details behind foreign issues, it should be a valuable aid to U. & investor, especially at a time when such issues promise to become numerous. ( |