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April 30, 1931

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Headlines from April 30, 1931

KRESEL CONTRADICTS DIRECTORS ON LOANS; Tells Trustee They Approved Deals Between Bank of U.S. and Affiliates. EXAMINED AT HIS HOME Broderick Indicates Depositors Will Get a Payment in Fall-- Hedley and Metz Heard. Kresel Tells of Bank of U.S. Deals, Disputing Directors May Sue for $50,000,000. Bank Payment by Fall. Recalls Report at Meeting. Sure Debt Was Stated. Ignorant of Realty Deals. Tells of Conferences. Hedley Denies Knowing of Loans. BRODERICK ASKS SPEED. Announces Claim Forms Will Be Sent Depositors Next Week. COURT BACKS BRODERICK. Dismisses $50,000 Suit Over Stock Losses in Bank of U.S.

By Unknown Author

I J Kresel denies that directors did not know of loans to affiliates of bank; Broderick says depositors will get 1st payment by Fall; ct rules stockholders cannot sue Broderick as individual for losses; suit of Walker & Florio dismissed

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AHRENBERG ON WAY TO SAVE COURTAULD, LOST IN GREENLAND; He Flies From Malmoe, Sweden, to Bergen, Norway, for Hop Across North Atlantic. THREE IN SEAPLANE CREW Journey on to Iceland Blocked by Mist Delaying Start-- Will Go on Today. SHIP RESCUERS ALSO OFF Accidents to Airplanes and Snow Sledges Interfered With Efforts to Reach Scientist. Rises with Heavier Load. Speeds Off Through Mist. Reports to Shore by Radio. AHRENBERG SPEEDS TO SAVE COURTAULD Radio Stations Will Aid.

By Svend Carstensen. Copyright, 1931, In the United States By the New York Times Company. Elsewhere By the Times, London, and the Politiken, Copenhagen. All Rights Reserved. Special Cable To the New York Times.by Svend Carstensen

Brit Arctic Air Route rescue expedition

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