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Show IT OB AMBITION j Of ILL STREET I ; Investigator Asserts Strong Financial Chiefs Seek Industry Control DETROIT For some time persistant persist-ant rumors have been current that joeitain eustern financial Interests are attempting to obtain control of tho j motor Industry. At first little credence I was placed In these reports, but ro-Icent ro-Icent developments In Detroit and other Industrial centers have convinced I many of those who have the Interests of the automotive Industrv at heart I that thero Is much more behind the movement than really appears on the surface. INVESTIGATION MADE. For some weeks a man whose standing stand-ing In the business life of Michigan muked his views worth while bi I been conducting an invostiogtloh of the fi- nanclol situation In relation to the auto Industry. The results of this inquiry Just made public have cnused a sensation sen-sation After spending considerable time In New York, Chicago, Hoston, levebiml and Indianapolis, he declares that he is firmly convinced that w.iii street Is making a determined effort to serine se-rine , ontrol of th automotive Industry; Indus-try; 11 kRGES nvsi iK He Is satisfied that there Is ample confirmation of a widespread consplr-,n consplr-,n y on the purl of eistem capitalists, particularly that group which Is large-Iv large-Iv interested in banks and railroads, to force receiverships, as fur as possible In the automotive tndusti-y and that 1 hey have been actively engaged In this destructive campaign for the past six ' months. Kecent receiverships In auto accessories acces-sories concerns including that of the Standard Parts company of Cleveland, :".. "no, 1 corporation reTleet this view, he Hays. These receiverships, he bell) V0S, will be followed hy others, at least three other large concerns being In financial strnlts and 011 the verge Of receivership at the present time. |