Word: auctioning
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Dates: during 1920-1929
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Bankruptcy. A business man possesses $50,000. He owes $200,000. He goes, or is thrown, into bankruptcy. A U. S. court takes over his $50,000 assets, turns them into cash at auction, equitably distributes the proceedings among the bankrupt's creditors in extinguishment of all claims, at the rate of 25? (less court costs) on the dollar. He is discharged free of debt, but with his credit badly blotted...
Last August the Shipping Board put on the auction block its two best Atlantic properties-the U. S. Lines and the American Merchant Line. The bids submitted were announced last month. High bidder was Paul Wadsworth Chapman of Manhattan, a daring and potent bond, real estate, public utility and air transport man. He offered: $13,782,000 for the six U. S. Liners (Leviathan, George Washington, President Harding, President Roosevelt, America, Republic); $2,300,000 for the five "Americans" (Banker, Farmer, Merchant, Shipper, Trader); $218,000 for pier leaseholds and sundries-total...
...over the Gulf of Mexico blazed the sun. A small white boat, one-masted, drifted into the tidy harbor of Tarpon Springs, Fla. On a beam reaching from the mast to the flagstaff astern, hung sponges strung on cords six feet in length. It was a Monday. Tuesday was auction...
...sales value of rare books is far more than an alibi. This was never more startlingly demonstrated than last week at the Manhattan auction of the books collected by famed songwriter Jerome David Kern (Kalua, Raggedy Ann, Who, Old Man River} of Bronxville, N.Y. At that sale Dickens' Pickwick Papers (perfect copy, first edition) sold for $28,000. Fielding's Tom Jones (first edition, uncut, original binding) brought $29,000. Hardy's A Pair of Blue Eyes (original manuscript of twelve chapters) topped the sale at $34,000. A total of 748 items brought...
Coming so soon after Christmas, this auction of books has another interesting feature. In spite of the bewildering atmosphere of the holiday rush, all good taste in the selection of valuable manuscripts has not been lost. The American people, so often labeled as materialistic, show they also possess an appreciation of aesthetic values...