11 OCTOBER 1913, Page 13

THE LIBERAL INVESTMENT IN RAILWAY SHARES.

[To THE EDITOR OF THE " SFECTATOR."1

Stn,—I do not accept as a fact the latest amazing financial scandal which Mr. Maxse claims to have unearthed. We have yet to bear from the Bogota gentleman. But the transaction, did it take place, is far more immoral than the Marconi operation. The Master of Elibank, the buyer, was in a position to know that a settlement of the railway trouble was at hand ; but the innocent seller of the shares could have no such knowledge, and thus was defrauded by the