Word: bankrupts
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...periphery. When he returned he bragged to newsmen that he was "worth $10,000,000" (TIME, March 16, 1931). He owned everything in Zion, which included candy bar, cookie and lace factories, bank, department store, publishing house, cement plant, bakery. Last week Mr. Voliva was an involuntary bankrupt and his Zion industries were in receivership. Liabilities were listed at $800,000, assets at $2,000,000, mostly frozen. For two years 5,000 Zion employes had received no regular pay checks, although they had drawn food & clothing from the stores. Last week Mr. Voliva's attorney reversed the boastful...
Last week in Tampa, Fla. Barron Gift Collier,* famed organizer of car card advertising, virtually declared himself bankrupt. He did not use the exact word. What he said was that he could not pay all his debts immediately and wanted a moratorium. He thus became first U. S. tycoon to take advantage of the new bankruptcy law which President Hoover signed the day before he left office...
...likes shows them a copy of TIME, containing a picture of Bugs Ahearn and a story of his background under Crime. This document, a travesty on TIME, convinces the Casses they had best be rid of Bugs Ahearn. Simultaneously Bugs Ahearn learns that his new brokerage business is dishonestlv bankrupt, that his fiancee is unfaithful. He imports his entire Chicago staff, sells back the brokerage business with the aid of machine guns, gets engaged to his secretary, turns his private polo field into a playground for his gunmen. Briskly directed by Roy Del Ruth, all this makes a highly satisfactory...
Died. Richard Marsh, 81, race horse trainer to two English monarchs (Edward VII and George V), winner of over $3,000,000 in purses before retiring; in London. When public interest in racing waned during the War and Marsh went bankrupt, King George pulled him out with a subscription...
...within the memory of many investors now living has a committee been formed to protect the holders of the bonds of any one State. Noteworthy too is the cause of the action, not to collect as much as possible from one who is bankrupt but to collect from a debtor who in the view of the bondholders is deliberately welshing on the terms of his promise...