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News Brief

April 10, 1927
See Original Daily Bulletin From This Date

The first mention of Aaron Sapiro’s connection with a “Jewish banking ring,” in Senator Reed’s cross-examination of the plaintiff, came late Thursday afternoon when Reed questioned Sapiro concerning a deal he engineered between an Idaho Cooperative Marketing Association and Weyl and Zuckerman, a San Francisco firm.

Senator Reed tried to show that Sapiro had loaned $2,500 to the Idaho Association, the sum apparently coming from himself, but actually having been borrowed from Weyl and Zuckerman. The form of Reed’s questions intended to prove that Sapiro led the Idaho organization to believe the money came from himself, whereas Sapiro was in the employ of the San Francisco firm in a plan to exploit the Idaho farmers.

The questions about this came shortly before the close of the day’s session and Sapiro was unable to answer because of the insistence of William Henry Gallagher that the questions were immaterial. During the arguments as to their admissibility, Judge Raymond again warned Senator Reed to stop “wandering” in his cross examination.

A Reuter despatch from Warsaw says that the Bank of Commerce, the most important bank in Poland, has passed into the control of a concern composed of the European interests of W. T. Harriman and the Banco Commerciale Italiana, Mr. Harriman has been appointed Vice Governor of the bank.

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