Word: atlases
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Dates: during 1930-1939
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Sued. Utilitarian Harley Lyman Clarke, 55; by Utilities Power & Light Corp., mammoth Chicago holding company whose presidency he resigned Oct. 29 ostensibly under pressure from Floyd B. Odium's Atlas Corp. which has bought control; for alleged misappropriation of $3,000,000; in "hicago. Utilitarian Clarke, still a P. & L. director, previously sought to intervene in P. & L. reorganization proceedings, charging Atlas Corp. with juggling its stock...
Chapter 6. By the summer of 1935, however, Radio was ready to wash its hands of an unhappy stepchild. In the autumn Floyd Bostwick Odium's Atlas Corp., biggest U. S. investment trust, paid Radio $5,000,000 for half of its interest in RKO, with an option on the rest to be exercised before the end of 1937. Joining Atlas in the purchase was Lehman Bros., interested in Keith-Albee-Orpheum Corp...
Chapter 7- Last week, a year after Lawyer Spitz stepped in, Atlas Corp. & friends presented a reorganization plan for unhappy RKO. Chief features: 1) corporate simplification of RKO subsidiaries; 2) sale of new common stock to provide $1,600,000 fresh capital; 3) exchange of $11,600,000 in 6% debentures for new 5½% debentures plus stock; 4) acceptance by Rockefeller Center of 500,000 shares of new stock in settlement of claims for $9,150,000 for unpaid rent on offices, the Center Theatre and huge Music Hall's reduction of outstanding common stock by one-half...
...with a restraining order on eight individuals for alleged manipulation of Suburban Electric Securities Co. on the Boston Stock Exchange. Down cracked SEC on the big New York Stock Exchange house of W. E. Hutton & Co. and an Oakland (Calif.) partner of William Cavalier & Co. for alleged manipulation of Atlas Tack, a luckless stock whose gyration once attracted the attention of the New York Attorney General (TIME, Jan. 1, 1933). In that operation Atlas was strong-armed from a Depression low of $1 per share to a 1933 high of nearly $35, only to relapse the same year...
...discuss such station-house matters as Atlas Tack that President Roosevelt summoned Messrs. Landis & Eccles last week. As was later revealed at a White House press conference, President Roosevelt was deeply concerned over the amount of foreign capital now invested in the U. S., particularly the large sums of timorous money which have sought temporary refuge in Manhattan and might be repatriated at an embarrassing rate should confidence be restored abroad. Both SEC and the Federal Reserve Board, said the President, were studying how to control this "hot" money by legislation...