The Ontario Scrapbook Hansard

Ontario Scrapbook Hansard, 14 Feb 1930, p. 2

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' . . - 'P"" 7,,,-_ e _ --"""'r" ' fi, 13 wth , . _ "ILL INVESTIGATION! r U. i i" (F BROKERAGE CASES' " t _ l -.--_ l . . I Other Charges Are Possible f if Evndence Warrants, " He Says l , "NO ONE WiLL ESCAPE"! Seizure of Books and Fi-'; nanoes Necessary, He I Explains i . w----------------.--. I From Premier Ferguson the Ontario,' Legion-tum had the emphatic assurance; yesterrrty that investigations in con-l nectim with the recent brokerage house; "cieo'c-up" will be as thorough as it, is poxlbIe to make them, and that! iii-'i'c will be a charge laid tor every; Mfr-um ' "I can assure you," said the Prime: 2Linistrr. "that no one will escape ahof cr, glili'y oi " criminal offense." _ . Mr. Ft-rgtnon's declaration Was by way ti reply to an editorial in The; Globe sii'Csziiig Liberal Leader Sin-3 Clair. missticu as to why charges of; (Glist'irat'y had been laid against thc' 12 broker: now on bail when charges! raster to more might have been pre-) Jerrod against them. 3 "Sound Reasons." Me ClaimS. ! _ "ThAre were very sound reasons tor: sum- procedure." Mr. Ferguson told the! House. "The moment there were dis-', fiC>ul'€$ that there was sufficient evi-1 {knee to support a charge of conspiracy! that charge "as laid. The Attorney-! ' {kneral took action to get the men,) and to get control ot the finances oft Irc. brokerage houses. Action had to: be prompt and contemporaneous if itl "as to be effective in all these mat-! for; In the interest of the public! they: securities had to be conserved"! Because a charge of conspiracy had! been laid. said the Prime Minister, wasi no reason why other charges would not; be laid. "Conspiracy was the first" charge," he added, "and as evidence develops to substantiate other charges. '1 hey will be laid against the individual brokers. There have been exhaustive trwestigauons to see that the law is fully vindicated and the public pro- rooted," l Refers to Heron Case. ', To illustrate his point, Mr. Ferguson! referred to the Heron case, stating that! the original charge was one of conspir-i acy. but when the accused had faced :3er there were some 13 charges against . im. I Liberal Leader Sinclair asked thex Prune Minister if he wished the Home! to understand that the laying of the! conspiracy charge had been necessary! to seize the brokers' assets, when under . the Security Frauds Prevention Act that l . very authority was available without any charge. l ' Mr. Ferguson said "NP!" The Iv?,::'; deuce first disclosed had denoted con- spiracy. and the Attorney-Genertrl's charge had been to break up the con- soiracy. Seizure of the assets was almost simultaneous. l

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