In spotlight at Sec. Inquiry. Washington, D.C., Dec. 29. Testifying before the Securities and Exchange Commission Investment Trust Inquiry today, Leon G. Ruth, President of the Liberty Bond and Share Corporation of Buffalo, told his Corporation granted loans to their officers, employees, and former employees on collateral that decreased in value until it was worth only 15 cents on the dollar. He also related how the Liberty Bond and shares assets shrunk from $10,004,00 on April 2, 1929 to $716,00 on Sept. 30, 1936