Today in the Sobel Timeline: June 17

On June 17, 1929, Mexican President Pedro Fuentes announced the creation of the Zwicker Commission, to be chaired by Secretary of the Exchequer Stanley Zwicker. The purpose of the commission was to "investigate large corporations in the United States of Mexico, and make suggestions for legislation." Fuentes was determined to gain control over the Mexican supercorporation Kramer Associates, and he believed that the best way would be to create a government commission to investigate the company, as Governor-General Henderson Dewey had done in the Confederation of North America to gain popular support for his efforts to reform the National Financial Administration.