Word: atlases
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Dates: during 1930-1939
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Such was President Floyd Bostwick Odium's restatement of policy in the last annual report of his Atlas Corp., biggest investment trust in the U. S. Mr. Odium's theories of how to run his $110,000,000 company are as new to the U. S. as his own success. The average trust merely invests its funds in a long list of good stocks & bonds that any shrewd investor would buy if he had the money. In Britain, where this type of financial institution is so old that prime trust debentures sell on a par with government securities...
...Paramount Publix Corp. securities. Under the film company's plan of reorganization, already approved by security-holders and the courts, Paramount's old stockholders will be offered a smaller amount of new shares in exchange for their present holdings and also the right to buy more. The Atlas offer, which Paramount swiftly accepted, was to buy all, or any part that stockholders do not take up, of a $6,410,000 issue of second preferred stock and 800.000 shares of common. As an underwriting fee of 1%, Atlas will receive $65,000, far less than most bankers would...
Though the Paramount deal was Mr. Odium's first try at underwriting, it was by no means his first venture into the film business. Atlas already holds sizable blocks of old Paramount stocks & bonds acquired literally at receivership prices. Last year Atlas helped distribute in England some of Chase National Bank's big but involuntary investment in Fox Film...
...books entitled "Devils, Drugs, and Doctors," by Haggard. "Life of Samuel Johnson," "Goode's School Atlas...
Three years ago Consolidated fell into the toils of the mightiest investment trust in the U. S., Floyd Bostwick Odium's Atlas Corp. Consolidated's corporate troubles had begun with a post-War expansion during which it acquired a string of lithograph companies and a $3,000,000 debt. Atlas Corp., through a subsidiary, acquired some five-year notes covering the fattest slice of this debt ($1,600,000), together with 40,000 shares of Consolidated stock. Into the maw of Atlas Corp. many companies go but few return. Consolidated was the exception. Smooth, hustling President Jacob...