Chicago, Sept. 23.
The Corporation Securities Company of Chicago and the Insull Utilities Investments Incorporated, two Insull investment trusts in which the public have invested $300,000,000 were adjudged bankrupt to-day by Federal Judge Lindley., An application for the appointment of receivers for these two companies was made last April.
In memoranda attached to the bankruptcy decree, Judge Lindley expressed the opinion that there was no chance of a reorganisation and no possibility that the assets were of a "sufficient character and amount" to bring the stockholders any return.
Mr. Samuel Insyll, it will be recalled, resigned from the directorships of his huge utility concerns in June owing to ill-health, One of his huge holding companies, the Middle West Utilities Company, was then in the hands of receivers. Sept. 24.
Following the bankruptcy of the Corporation Securities Company of Chicago and the Insull Utilities Investments Incorporated, the United Siates District Attorney announced to-day that investigation into the affairs of the Insull Utility companies had been started "to determine whether any Federal statutes had been violated."
Another investigation was also started by local county officials, and the State attorney has ordered an examination of extradition treaties with France and Canada. the Insull utility companies, is now living in Paris. His brother Martin Insull recently went to Ontario to live. Roth men had already resigned from their connection with the companies concerned.—Reuter, Germany would be the beginning of the return to former follies."
Thereafter, having expounded that in the German demand there was a question of re-armament, he added:. "Would not the military genius of Germany, like in last century, seek to create an army, or even a double army, in order to deal a decisive blow at the heart of her adversary: That is where lies the dramatic side of the disarmament problem.
"The Allies of the last war have promised to reduce their armaments, but it must be recalled that the interpreting document of the preamble to Clause I of the Versailles Treaty, which had been handed by M. Clemenceau, in the name of the Allies, specifies that the disarmament of Germany constitutes the first step towards this limitation and to this reduction of armaments.
"The British memorandum of September 15 strongly shows that this preamble to Clause V of the Treaty does not remove the obligatory character of it, and that the only indication of the way of the realisation of the disarment is found in Article 8 of the League Covenant, 7 "France has, moreover, shown that she loyally respects this article by contributing to the saving of the Disarmament Conference, by reducing the term of her military service and the dimensions of her national defence budget.
"But, though we ardently desire this disarmament, we want it in security."
M. Herriot expressed himself in favour of the doctrine of the organisation of peace based on security, which had been recommended in 1917 by the French socialist.
He concluded by saying that France did not hate any people.—Havas.
Geneva, Sept. 25.
Efforts. to find a basis of agreement so as to facilitate Germany's return to the Disarmament Conference are thought here to have been hardly helped by M. Herriot's speech.
League circles, which are working to smooth out a path for Germany's return are surprised at M. Herriot's uncompromising language.
It is felt, however, that the speech may have been intended primarily for home consumption and that Mr. Herriot, having placate ed French nationalism, will now be free to show a more conciliatory. spirit when he arrives at Geneva to-morrow.
The speech' has had unfortunate repercussions in' Germany and is being—_ seized upon by the Nationalists to emphasise their ow point of view.
The- Nationalist newspaper "Montag" says that the speech has the "extraordinary merit" of fully elucidating the French standpoint Workers. on disarmament and adds that there will be no need for the German Foreign Minister, Baron von Neurath, to remain at Geneva much
Text read from the printed page and cleaned; old type leaves the occasional error.