Word: auctioneering
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Dates: during 1930-1939
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...troubled Washington Post, whose difficulties have been made conspicuous by the adventures of its onetime publisher Edward Beale McLean and his estranged wife, Mrs. Evalyn Walsh McLean, last week was ordered up for auction by a court. Anyone offering $250,000 may bid, but bids of less than $500,000 must be in cash. It was supposed that Mrs. McLean would bid with cash raised on her jewelry, including the highly publicized, "unlucky" Hope Diamond. Debts of the Post...
...Otter Tail County Farmers' Holiday Association last week clumped into the county courthouse in Fergus Falls, Minn, to stop the foreclosure sale of a farm owned by one Abraham Matson. Leading the crowd marched a public-spirited Unitarian clergyman, Rev. John Flint, 50, outraged that the auction was to take place even though Farmer Matson was home sick. When County Coroner Curtis, substituting as auctioneer for recently deceased County Sheriff O. J. Tweten, put the customary question, "Is there any objection to conducting this sale?" 300 barnyard voices bellowed "Yes!" Coroner Curtis promptly granted a 30-day stay...
Last week in the Cosden refinery at Big Spring, George N. Moorse, receiver, faced a meager crowd of 200 to auction off Cosden Oil Co. By court order he was forbidden to take less than $500,000-for a company that had been valued at $40,000,000 in 1929. Joshua Cosden was in the crowd, his attorney and personal friends around him. He had little more to lose if the company passed into other hands though some of his friends would be wiped out. The auctioneer asked for bids. There was silence. Then Josh Cosden said, quietly...
...back pay. If Alceo Dossena is not the greatest forger, he certainly is one of the few imitators of antiquities whose work still has real value after the hoax has been exposed. Last week his surplus stock, now frankly under his own name, went on exhibition before a public auction in Manhattan's National Art Galleries...
...nothing but worthless securities. We did sell some bad ones, like every other company, but the percentage was small. We are very proud of our record." Banker Stuart suggested that complete financial details should be given in offering circulars, and that utility commissions should sell utility securities at public auction. Remarked worldly-wise Senator Couzens: "You better stay a long way from Wall Street for a long time after that...