Word: bankrupts
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...weary veteran of U. S. railroading is the bankrupt, 108-year-old Erie. In her gilded years she fell in with bad company-flamboyant Jim Fisk, piratical Jay Gould, pious Daniel Drew. Together they manipulated her back and forth from bonanza to bankruptcy, got her known as the "Scarlet Lady of Wall Street." Exhausted, the Erie had collapsed three times by 1895. Then she reformed. Under Van Sweringen control, she became a respectably operated road. But her capital structure never really recovered from Jay Gould's attentions, and she never again paid a dividend on the common...
...Pilgrim's Progress. The city had to find ways & means of setting aside contracts with IRT and BMT (good until 1967, 1969), raising money enough to buy out private interests. After nearly 20 years of litigation, haggling, interdepartmental strife, the city last year bought a weakened BMT, a bankrupt IRT. Last June-36 years after the opening of Manhattan's IRT subway-she merged them with her own Independent...
...cotton market, was wiped out. He could scarcely have chosen a more unfortunate time to go broke. For four years (1911-1914) the stockmarket couldn't make up its mind whether to go up or down. For Jesse Livermore that meant starvation. In 1915 he declared himself bankrupt for the first time...
...Lionel Corp. (toy trains) declared a 25? extra dividend, inspired Scripps-Howard Cartoonist Will Johnstone to suggest a way for bankrupt roads to get back in the money...
...Onetime bankrupt, thief, forger, wife deserter, John A. Sutter became a highly successful rancher in the Sacramento valley. Then in 1848 gold was discovered on his property. Result: 17,221 squatters moved in, ruined him overnight...