Word: bankrupts
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...beer barons are bankrupt...
...company to join the Gas system is New York Steam Corp., whose function is to furnish steam for heating and power purposes. The root of New York Steam Corp. was New York Steam Co.. founded in 1880. During the War, New York Steam Co. had fuel troubles, went bankrupt in 1921. Since its reorganization the corporation has been extremely successful. In 1922 its net earnings were only $615,000; for the year ending June 30, 1929 they came to over $2,700,000, up 21% from...
...Cook had appeared in Texas as head of a petroleum producers association. His economic theory: "A consolidation of bankrupt companies with dry wells would produce a solvent company with flowing wells." He bought up some 300 dry oil wells, claimed a capitalization of $380,000,000, sold stock by mail. Excerpts from the Cook sales letters: "We say it with cash dividend checks, not with flowers." "Oldfashioned hell is too good for the fake oil promoter, the most contemptible human rodent that ever breathed God's pure air." "We have the greatest oil pool in Texas." Ignorant "investors" lost...
...railroads in China are characterized by wholesale inefficiency in all departments and wholesale lack of experienced personnel. Every railroad in China, with the exception of the Shanghai-Nan-king and the Peking-Mukden, is bankrupt...
After ten consecutive hours of deliberation and debate, the Althing at 5 a.m. dealt harshly with the Bank of Iceland. Ordered was a searching investigation which Icelandic economists are certain will prove that the Bank is bankrupt. In this case, by decree of the angry Althing, it will be liquidated and its business probably transferred to the prosperous Farm Bank of Reykjavik...