Rep. Birmingham backed an order filed by Rep. Paul Dever of Cambridge to direct the attorney-general to investigate the Department of Public Utilities over the sale of securities of Page & Shaw, the Boston Herald reported May 28, 1930, p. 24.
Birmingham said that unlisted securities of that character are sold only under permits from the Department of Public Utilities. He said that some of the permits had been issued to high-powered salesmen with criminal records.
Birmingham alleged that two other concerns were operating as the Page & Shaw firm did.
Dever charged that the stock selling was one of the greatest frauds ever perpetuated on the people of Massachusetts. He said that the Department of Public Utilities had been warned about the suspicious nature of the stock on Sept. 17 but waited until Dec. 14 to issue a stop order against the firm. At that point, $1.7 million worth have stock had been sold.
Dever said that the attorney-general was needed to carry out the investigation of the department. “Would it have been desirable to have had the police department investigate the Garrett case?” Dever asked.
Dever’s order was not adopted by the House following an adverse reporting of the Rules Committee.