S.E.C. investigates Whitney Co. collapse. Washington,...

S.E.C. investigates Whitney Co. collapse. Washington, D.C., April 12. H.G. Wellington, partner in the firm of Wellington and Co. told the SEC today that his firm made a unsecured loan on a thirty day note to Richard Whitney and Co. in Sept. 1933, and that the money was not paid for four years. Wellington testified as SEC hearings on the Whitney crash started in Washington, the loan was made while Whitney was President of the New York Stock Exchange of which Wellington is a Governor, Samuel O. Clark, Jr. Trial examiner on the right is shown talking to Wellington at the SEC today, 4/12/38