The Archive · 1939

Scottish Firms Involved

Meanwhile four Scottish rms in Glasgow were informed by Mr. James Calfrey, regional administrator of the Securities and Exchange Commission in New York, that they were indebted to MeKesson & Robbins to the extent of more than $50,000, Mr. Caffrey said the company's books, which he is investigating, listed the four companies as being long-time debtors of McKesson & Robbiig~

Further evidence regarding Musica's methods of manipulating the company's books was revealed, however, when the four Scottish com-Panies replied that they owed Me-Kesson & Robbins nothing, and that the entry in the bankrupt company's books was entirely fictitious.

The four Glasgow companies involved were Bell & Sons, Cockburn Ca, the Glasgow Spirits and Wine Ca, and the Uddington Confectionery Manufacturing Co—United Press.

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

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