Word: bankrupts
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Sherneth stockholders had not met since 1936, when, under a ten-year voting trust, a committee of bondholders took over the bankrupt hotel. In 1943, Kirkeby, who has an eye for bankrupt properties, started buying into Sherneth. When the voting trust expired this January, he owned $1,000,000 worth of the corporation'" bonds, 26% of its stock. But the trustees refused to give him a voice in running the hotel. So, his dander up, Kirkeby began collecting proxies...
...Moscow's most insistent demands was $300 million worth of reparations from Italy-one-third to Russia, the rest to Yugoslavia and Greece. The U.S. and Britain contend that this would permanently ruin Italy, already bankrupt...
...billion will not go very far in a hungry, bankrupt world. The Vinson ceiling meant that the Administration had modified its theory-possibly to get it past a doubtful Congress...
Back in the U.S. in 1932 he showed other American qualities: almost overnight he pulled a bankrupt parish in a Boston suburb out of the red. Much more the administrator than the philosopher, he moved up as Archbishop of New York, richest see in the U.S. (and the world), managed its complex charities and institutions with a sure hand...
Furthermore, court-appointed receivers held on to war-brought cash "in far larger amounts than were needed or could be justified. . . ." They should have used it, said the report tartly, to reduce funded debt and thus reduce interest charges. Actually, fixed interest charges of bankrupt roads increased 4.1% between 1940 and 1944, while charges for other roads, free to use wartime earnings to decrease fixed charges, declined 12.5%. In effect, said the report, the road in trouble is "gouged...