Word: bankrupts
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Dates: during 1930-1939
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...bankrupt antique store and early training in chemistry led him to the perfume business. Knowing U. S. socialites' awe of royalty, he was careful to see that every one of his packages was liberally sprinkled with crowns, with PRINCE MATCHABELLI in large type. He died six weeks ago in Manhattan, had seven Russian princes, Conde Nast and the Hearst Press's Cholly Knickerbocker among his honorary pall bearers. But he left no will and his next of kin is his brother, Ito Matchabelli, who still lives in Leningrad and who by U. S. law will share his estate...
...enough forge-ahead stuff for three Horatio Alger stories. His Scottish-Dutch ancestry gave him a big body, unbounded assurance, tireless ambition. By the time he was 21 he had a house, a wife, a ponycart and $7,000 in the bank. His first independent venture, with a bankrupt store, was typical. Overnight he painted long rows of red footsteps leading to his shop, was arrested for defacing public property. But the judge let him off and the scheme worked. Just as he was getting a good toehold a long bout of sickness dropped him back to the beginning...
...wagons, dragged them to a meadow, fitted them up as gypsy caravans, painted the sides with gaudy murals. From miles around the farmers went to gape at artists and ice wagons, were charged 10? admission for sightseeing. After two seasons, however, the colony was unable to make expenses, went bankrupt...
...nearly 60 years ago went a serious, purposeful young Jew. He had been working around newspaper print shops since he was eleven. Now, at 20, he wanted to start a newspaper of his own. With his personal fortune of $37.50 plus $250 he borrowed, he bought control of the bankrupt Chattanooga Times...
Currently serving on an independent protective committee in connection with bankrupt Missouri Pacific (mileage: 12.183), Mr. Beard blames the bankers as the carriers' real managers. But bankers or no, financial ineptness is almost a railroad tradition. With a few notable exceptions like Burlington, Union Pacific, Atchison, Topeka & Santa Fe, Chesapeake & Ohio and Norfolk & Western, U. S. railroads have habitually increased their fixed charges when they should have reduced them; they have sold bonds when more prudent corporations were selling stock; they have paid dividends when they should have been paying off debts; they have sunk millions in improvements that...