dealing in New York stocks, and did the San Franelaeo office "So far as the show that actually, in the cases set out in this Information, the Finance Corporation did not buy and pay for the shares. which the clients men-Woned in this Information thought were being bought and paid for by the money. which they had given to the corporation. In. 1990, Mr. Raven commenced doing business by cable with Messrs. Pierce & Ca. At that time, Mr. Brown was the manager of the Oriental Bank in Tientsin, and,' after a trip to the United States, he returned to Shanghai and started to Jdevelop the business of the Finance [Corporation in. dealing with N.Y. stocks. The Finance Corporation's grow in numbers until. they to the hundreds, and, s0 far as majority were concerned, they were clients who dealt on margins. the only persons. with whom the te evidence will show that F. J. Raven was the moving spirit in it: he was the president and a director from His very inception, atid from the timo} was organized tint) the corporation closed its doors on. May 23 last year, hho was the dominating factor in that corporation. 'The evidence will show that. ho. likewise dominate other companies—one known Raven Trust Ca,, organized beta AOF.C; another" the Ametican-Orleniai' Bank, a Kentucky corpers lon engaged in banking in Shanghai since, approximately, 1015; and kewise he dominated aid controlled the Asia Realty Ca. since the year 1922. The evidence will show "that, the second accused, at all material times. was the vice-president of the cor= poration, and he was the manager—{the man who had immediate charge of practically all the. subordinate employees of the corporation: he. in turn however, served under the guld~ ance and direction of the frst used, Many People Involved silents had contractual relationships, were the Finance Corporation, far as the business Interested here in is concerned—the so-called dealings in New York stocks
Text read from the printed page and cleaned; old type leaves the occasional error.