Word: auctioner
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...week, Special Master in Chancery Howard Strickland Abbott donned his black topcoat, his grey fedora, picked up his brief case and set out for the yards of Minneapolis & St. Louis R. R. It was Mr. Abbott's duty to put that dilapidated 1,600-mi. railroad on the auction block. By court order he was to offer the road at "the main entrance of the division superintendent's office at the Cedar Lake Shops." Arriving at the precise spot on the second floor of a grimy yellow brick building, white-crowned old Master Abbott pulled out a bound...
...description he said: "How much am I offered for properties described and constituting parcel so-&-so?" The clerks did not even look up. After a pause Mr. Abbott would say inaudibly, "no bid." Finally he picked up his documents, returned to wait 60 or 90 days for the next auction, when he will do the same thing all over again. In good form Mr. Abbott can read his 52 pages without skipping a word in one hour and a half. If he is tired, it may take two hours...
...Last week at an auction postponed 56 consecutive times because of legal entanglements, Manhattan's Commercial National Bank & Trust Co. finally bought in securities pledged under old defaulted Insull loans...
...Fifteen years ago the vast bulk of the Metropolitan Museum, the cluster of dealers along Fifth Avenue and 57th Street, and pre-auction exhibits at the Anderson and American Art Galleries (since combined), were about all the art that a visitor to Manhattan could see. Since then, thanks to public-spirited tycoons, the art map of New York has spread and sprouted richly. Today an art-conscious visitor should not leave Manhattan without a pilgrimage that will cover more than ten miles, take him into some 100 institutions. Among the most important stops...
...Sweringen rail and real-estate empire (TIME, April 19). They knew, too, how for a mere $3,121,000 old Mr. Ball and his friend George A. Tomlinson, the Great Lakes ship operator, had bought that control from a Morgan banking group at the most spectacular auction in Wall Street history; how Mr. Ball had expected the Vans to make a comeback and how the two Cleveland brothers had died almost within a year of each other, leaving...