SWOPE WON'T YIELD INSULL COLLATERAL; Rejects Investors' Demand for Stock Pledged to General Electric on Loan. DENIES HE KNEW OF PERIL Tells Bankruptcy Hearing He Relied on Judgment of Traylor in the Deal. SWOPE WON'T YIELD INSULL COLLATERAL
G Swope refuses to surrender collateral of Insull Utility Investments Inc, pledged to General Elec Co for loan; denies he knew of peril; says he relied on Judgment of M A Traylor