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Admits fraud to Senate committee. Washington, D.C., May 13. Kenneth D. Sture, chairman of the board of the Chicago and Eastern Illinois Railroad, conceded before the Senate Railroad Financing today there was fraud in connection with a 1932 RFC loan to his road. The loan in question was made in March 1932, and totaled approximately $3,600,000. The alleged fraud was in the road's application when it stated it had exhausted unsuccessfully all sources for borrowing privately
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A black and white photo of two men sitting at a table, Library of Congress Harris and Ewing collection
Title from unverified caption data received with the Harris & Ewing Collection.
On envelope: found near D2372.
Gift; Harris & Ewing, Inc. 1955.
General information about the Harris & Ewing Collection is available at http://hdl.loc.gov/loc.pnp/pp.hec
Temp. note: Batch six.
The Harris & Ewing, Inc. Collection of photographic negatives includes glass and film negatives taken by Harris & Ewing, Inc., which provide excellent coverage of Washington people, events, and architecture, during the period 1905-1945. Harris & Ewing, Inc., gave its collection of negatives to the Library in 1955. The Library retained about 50,000 news photographs and 20,000 studio portraits of notable people. Approximately 28,000 negatives have been processed and are available online. (About 42,000 negatives still need to be indexed.)
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