Word: bankrupt
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Dates: during 1940-1949
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...prove what he had suspected from Latin and Spanish inscriptions on it: that it had belonged to Spain's great Queen Isabella. For years an international art dealer, Benjamin Benguiat, had owned the throne, refused to sell it even for $25,000. But when Benguiat went bankrupt, Dealer Dan Feldman purchased the throne in a lot, priced it at $3,000. Eventually believing it was a jinx, he sold it to Dealer Osiel in another...
Madness or Order? In the minds of many men by last week the sombre conviction had grown that their world was spinning into insanity. "A mad world, debt-burdened and bankrupt, with repudiation, disaster and chaos threatening," Publisher Roy Howard called it after a trip through the Far East. Everywhere there were symptoms of madness...
...testify at the trial for seduction of his hand-picked successor as Governor). In 1932, when he finished his second gubernatorial term, which had been enlivened by an episode in the Governor's office involving a blonde and a pistol shot, he and Mississippi were both practically bankrupt. Shelved in Washington by kindly fellow Democrats with a $6,000-a-year job clipping newspapers, The Man two years later bounced into the U. S. Senate...
...years he worked at union organizing, quit to go into the teaming business for himself, sold out, weaved in & out of union work with occasional side ventures such as running a nightclub, working in three Chicago laundries. Three years ago a lawyer named Benjamin E. Cohen, attorney for a bankrupt Chicago laundry workers' union, asked Donovan why he didn't organize the city's 18,000 laundry workers. Bill went back to his first love with such vigor that within a few months his local (No. 46) had a signed contract with the 137 members...
...case was Floyd Odium's Ogden Corp., successor to Harley Clarke's bankrupt Utilities Power & Light system, which Odium has been splitting into its component operating properties since 1935. Biggest U. P. & L. property, Indianapolis Power & Light, was sold to the public three months ago (TIME, April 15). Ogden Corp. holds the U. P. & L. leftovers. Odium wanted to do something for Ogden's common stock, of which his Atlas Corp. owns 76%. He figured he could save around $110,000 a year by substituting a 2½% bank loan for Ogden's 5% preferred. Atlas...