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[Money History - 1903] Jewish Bankers Buy American Rails

Thread ID: 16556 | Posts: 1 | Started: 2005-02-03

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Otho_Isch [OP]

2005-02-03 03:54 | User Profile

New York Times, Nov. 3, 1903

A dispatch to the Tageblatt* from Basel, Switzerland, says that a trust company for the handling of American railroad securities has been organized, the following firms participating: Speyer, Ehinger, Paravicini, and Sarasin and the following Berne banks: Macuard, Neuenburger, Berthoud and Pury.

The capital is $1,000,000 and $1,500,000 in bonds will be issued.

Kuhn, Loeb & Co. of this city have been requested to act in an advisory capacity to the trust company formed in Switzerland to deal in American securities.

Beyind the fact that the company has for its principal object the purchase and sale of American railway stocks and bonds, Kuhn, Loeb & Co. have no information concerning it.

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*Luxembourg newspaper