• (p650) - Mr. TELFER. In 1929 the Modern Woodmen were actuarially insolvent — don't ask me what that is, just accept it; it is a long story so they proceeded to rerate their policies, and in doing that they made a contract with a firm known as Frank Pearson & Co. of Chicago.
  • Well, Pearson was a transfer man-a man who transfers an old policy into a new one.
  • Your Mr. Sullivan could tell you a lot about that. 

1936 – GOV (House) – Investigation of Real Estate Bondholders’ Reorganizations – Part 19 – Adolph J. Sabath (D-IL)  ---  [BonkNote]