San Francisco, Dec. 19.
Mr. Richard Bradley, businessman of Porterville, Calif., revealed today that his suit against McKesson and Robbins, Inc., started the investigation which led to the uncovering of F. Donald Coster, the president of the world's third largest drug firm, as Philip Musica, notorious swindler.
Mr. Bradley said he filed suit on the night of October 20 for U: S.$125,- 000, charging that stockholders were defrauded by the drug firm.
Immediately after filing his suit, the Securities and Exchange Commission showed a keen interest in the case and telephoned him, Mr. Bradley said. He revealed that S.EC. officials shed him many questions and later indicated that a detailed investigation would be conducted.
Mr. Bradley's suit is based on allegations that he was defrauded of his rights by the refusal of McKesson and Robbins to pay dividends guaranteed by the company's bylaws.
The case is pending in the Federal Court. It was transferred to the Federal Court on November 3.—United Press.
Chinese banks in Shanghai began Clearing up the year's accounts yesterday and will begin their three-day annual settlement holiday on the New Year's Day. Chinese bankers and their assistants will work hard in the next few days. The counting of interest on deposits was concluded yesterday and interests of other departments will be accounted for up io December 25.
Information obtained from banking circles indicates that, although Chinese banks have suffered losses as a result of the hostilities, the losses have been made good by large profits they have realized during the past year taking the advantage of the increased population of the city. No closure: of any Chinese bank is expected, it is stated.
The foundation of the legal tender notes is reported to be firm,, but the United Press of China, an organ of the mew Nanking regime, reports that in May of 1939 the "Provisionat Government" in Peiping will stop the circulation of Chinese government notes in the North.
A Chinese evening report stated yesterday that the Ministry of Finance will soon call a meeting of bankers io discuss plans for developing the south-west, The meeting will be held in Kunming and many Chinese bankers in. Hongkong and Shanghai are said to be going.
Text read from the printed page and cleaned; old type leaves the occasional error.