The Archive · 1938

His Pocket

Fate Of Man Who Once Ruled Billion Dollar Concern Paris, July 16, States' gold reserves increased by $98,000,000, while Sweden's went up by $11,000,000 and Holland's by $7,006,000. Switzerland's and Belgium's gold reserves declined, however, by $11,000,000 and $30,000,000 respectively.

With regard to the world's merchant marine, statistics reveal the total tonnage in the second quarter of this year to have been 848,000 tons, increasing by 128,000 tons since last year's same period. These figures do not include Soviet Russia's merchant vessels, Of the total increase in tonnage, it is remarked particularly, motor vessels accounted, for about 60 per cent.

Dealing with sales prices in general, the statistics show that the Mr. Samuel Insull who climbed from a lowly London office boy's job to command a billion dollar utility empire which collapsed in 1932 because he defrauded thousands of investors, died in a local subway holding a nickel subway ticket and with 21 cents in his pocket today.

He died of heart failure.

His wife said he spent a strenuous night last night when he visited several parts of Paris watching street dancers and fireworks, part of the celebrations following the Bastille Day, ceremonies, "I complained of fatigue she said, "but he said he was feeling fine."—United Press. downward trend, which started in the middle of last year, is apparently ending. No further solution of the world's industrial production is recorded, Prices of manufactured goods have been slightly lowered in countries the middle of since 1937—Hovas,

Text read from the printed page and cleaned; old type leaves the occasional error.

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