Word: bankrupts
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...Louis last week, the Missouri Pacific Railroad moved a step closer to reorganization and Bob Young a step closer to owning a sizable chunk of MoPac's new common stock. Since MoPac went bankrupt in 1933, its common, 49% held by Young's Alleghany Corp., has usually been considered worthless. Four times the Interstate Commerce Commission tried to reorganize MoPac, but because each plan included bond or preferred stockholders and excluded common shares, Young blocked the moves in the courts. Finally, Young and MoPac's trustee compromised, agreed Young would have 10% (biggest single block...
...would take a good deal of time, but first the credit of the B. & M. must be restored and the present management hasn't done very much to pull the road out of its near-bankrupt condition," Cherington said...
...products. Since it was started in 1933, in a dingy, damp building now 87 years old, the foundry has limped along, losing money most of the time. Its equipment is ancient and its labor force, since World War II, has always been too big. In 1952 the owners went bankrupt, automatically closing shop...
...jailed its leaders). In the 1953 general election, the SPD won close to 8,000,000 votes (28.8% of the total); it has 600,000 dues-paying members and the powerful support of the Trade Union Federation (membership: 6,000,000). But since Schumacher died, the SPD has been bankrupt of ideas and of the men and the drive to apply them. It opposes out of habit, for the sake of opposition...
...Morland started out as an infant prodigy. He was already sketching at three, soon painted spiders that scared the servant girls. At ten he was exhibiting at the Royal Academy. Beginning at 14, Morland went through seven years of training. He was apprenticed to his father, a twice bankrupt painter and art dealer, locked in an upper room turning out copies of English and Dutch masterpieces which his father sometimes foisted off as originals. But while still a fuzzless youth, Morland started drinking. To keep himself supplied with gin, young Morland secretly painted sexy love scenes, lowered them...