Hasty shopping tour,Charles O'Neal,Senate Railroad Financing,Washington DC,1937

Title: Tells of hasty 'shopping tour.' Washington, D.C., May 12. Charles T. O'Neal, President of the Chicago and Ester Illinois Railroad, tells the Senate Railroad Financing Committee of his hasty 'shopping tour' in October 1931 for a loan to meet immediate obligations of the O. & E.I. The road finally procured a $700.000 loan from the Midland Bank in Cleveland after bringing out that the executive Committee of the Chesapeake and Ohio Railroad had authorized purchase of the $700,00 from the bank by the C&O, acting Chairman Truman charged the bank was nominated by the Van Swerigans. Further testimony brought from Herbert Fitzpatrick, President of the C&O that the bank acted only as 'agent' in the loan while actually it was a C&O loan, 5/12/1937
Creator(s): Harris & Ewing, photographer
Date Created/Published: 1937 May 12.
Notes:
Title from unverified data received with the Harris & Ewing Collection on the negative or negative sleeve.
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 four.
Subjects:
United States--District of Columbia--Washington (D.C.)
Bookmark /hec2009009408/
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