Word: auctioned
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Dates: during 1930-1939
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...power in Indiana, George A. Ball, glass-jar tycoon of Muncie, was practically unknown when Oris Paxton Van Sweringen and Mantis James Van Sweringen called upon him in 1935. "0. P." and "M. J." were $50,000,000 in the hole and J. P. Morgan & Co. was about to auction their $3,000,000,000 railroad empire. At the auction George A. Ball bid in the empire for a mere $3,121,000. He was not a railroad man; he bought it for the Vans to run. But within a year the amazing brothers both died. He transferred control...
...franchise for a Manhattan subway was first offered at public auction in 1892. Although potentially it was probably the most lucrative franchise ever offered, it drew a lone bid of $1,000, which was promptly rejected. The city thereupon decided to build the subway itself and August Belmont, then a financial outsider, came forward to act as contractor. When the line was finished in 1904, his Interborough Rapid Transit Co. secured a lease to operate...
...Seiberling founded Goodyear Tire & Rubber Co. in 1898, was ousted in 1921 by Dillon, Read & Co. He immediately started Seiberling Rubber Co., in six years boosted it from 330th to seventh place in the industry. Last week, in Adrian H. Muller & Son's musty old auction rooms at No. 18 Vesey Street, Manhattan, he gave an exhibition of his financial talents...
...share. Yet at year's end Ohio Goodyear still owed $752,000 and was worried over the tax on the profit made by selling at $50 a share the U. S. Rubber stock which had cost $18. Last week both headaches were solved at a public auction of the debentures...
...denies that college football is a moneymaker and cites, as example, an institution "that was the country's most sensational football college." Last year, he says, when it was sold at auction and bought by bondholders, it was discovered that it was running $72,000 a year behind its budget...