Word: auctioner
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...groups of Ohio banks, headed by Cleveland Trust Co. and Union Trust Co., intend to auction off their collateral June 26, and Continental's remaining assets will probably pass to outside bidders. President Bishop, who is one of Continental's biggest stockholders, mourned last week: "Nothing will be left for shareholders of Continental if all the securities which the corporation has pledged for loans are sold at present prices." Some stockholders paid $40 a share...
...chimed in. Then Lawyer Geoffrey Konta, for William Randolph Hearst. Up, up the bidding soared to $600,000, mounted again when Lawyer Hartson went inside to consult Mrs. McLean. Sadly she told him to withdraw. "I think $600,000 is all it's worth," she said. Presently the auction narrowed to a struggle between Hearst's Lawyer Konta and George E. Hamilton Jr., lawyer for an unnamed principal. Hearst's lively Editrix Eleanor ("Cissy") Patterson of the Washington Herald, with which the Post would be merged if Hearst bought it, stood at Lawyer Konta's elbow...
...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...