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Abstract

High Financing in Panama

Fox, L. C. | June 5, 1929 issue

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The unique spectacle of one of the world's largest and most conservative banking institutions lending publicity, aid, and encouragement to a cheap gambling concession is now a matter of record in Panama. The event, widely advertised, was celebrated with all the pomp and ceremony characteristic of an important function of state. Colonel Harry Burgess, Governor of the Panama Canal, and Mrs. Burgess, Captain Clark H. Woodward, and officials of the National City Bank of New York honored the occasion with their presence. The event was a special match race held at Kennelworth Park where greyhound dogs nightly chase a mechanical rabbit while thousands of spectators clamor around the betting booths in an attempt to win some easy money.

See Also:

BANKS & banking; GAMBLING; SPECIAL events; GAMBLING systems; PANAMA; NEW York (State); UNITED States

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H.L. Mencken, "An Eminent American," July 11, 1923.

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