Word: bankrupts
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Career: After two years as a grocery clerk, Mitchell opened his own butter and egg store, went bankrupt four years later. In 1929 he went to work as a clerk in the Western Electric Co. plant at Kearny, N.J., lost the job in a 1932 Depression layoff. The Depression brought him his first public job, as director of the Emergency Relief Administration in New Jersey's Union County. In 1936 he returned to Western Electric as a clerk, but soon moved on to personnel training. Two years later Lieut. Colonel Brehon Somervell, then New York administrator of the Works...
...Authorized $45 million in aid for bankrupt Iran (see FOREIGN NEWS...
...gently rolling plain in suburban Chicago one day last week, a pudgy, grey-haired man wearing a lurid $20 sport shirt stepped from a big black Cadillac, rent the air with a grandiose sweep of his cane and exclaimed: "This was nothing more than a bankrupt cow pasture 17 years ago." For ebullient Promoter George S. May, 63, the 134-acre pasture has grown spectacularly solvent and lushly green. It is now known as Tam O'Shanter, the nouveau Ritz among country clubs, whose 6,915-yd. golf course has a telephone on every...
Transplanted Millionaires. He knew just what to do. He went to the legislature, and after long months of lobbying, talked it into prohibiting both inheritance and income taxes in Nevada. Then, well armed with the names and idiosyncrasies of wealthy prospects, he set out to sell bankrupt ranches as tax havens, and was soon transplanting millionaires to Nevada's soil-e.g., Bing Crosby, Max Fleischmann, Bronx Politico Ed Flynn, Automobile Magnate Errett Lobban Cord, Stock Broker Dean Witter...
...expensive racing cars. In one of them, Ford became the first man to travel 90 m.p.h., and won such fame as a racer that he wrote, optimistically, to his wife's brother: "There is a barrel of money in this business." There wasn't: both companies went bankrupt...