Word: bankrupts
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...incredible story to tell. Dr. Who Slung Hooey had recently been in the employ of the National Government in China, predicting the out-come, if any, of the Sino-Russo war. The glint of American gold, however, lured the great oriental prophet away from his position with the near-bankrupt Nationalist Government, and after a series of thrilling adventures and hairbreadth escapes the doctor and his two American companions were able to elude half of the Chinese army and all of the Chinese Navy to set sail for Manila in their tiny craft...
Until last week, when Evangelist McPherson sought a California charter for a $1,500,000 hotel corporation, nothing she has attempted is so pretentious as the Apostolic Church of Zion. Bankrupt in 1907 on the death of First Prophet John Alexander Dowie (who stoutly insisted that the devil was a Methodist), Zion City has regained its solvency under rising real estate values and the shrewd rule of Overseer Voliva. Tall, stern-faced, he runs the city of 6,300 on a communal plan, renting the land under 1,100-year leases and controlling the few industries. A feature...
Getting dollars to replace pfennigs is almost as devious and difficult. The Graf Zeppelin was built by pfennigs. In 1925 the Luftschiffbau Zeppelin was virtually bankrupt. Two ships which it had built, the Nordstern and Bodensee (since wrecked) were confiscated by France and Italy for War damages. The Los Angeles the U. S. forced it to build. Dr. Eckener, great publicist,* organized the Zeppelin- Eckener Spends (gifts, alms) and despatched collectors with small boxes to German street corners, theatres, beer halls, to collect pfennigs from money-pinched patriots. The pfennigs totalled enough to build the Graf Zeppelin...
Fortnight ago Banker T. V. Soong told his brother-in-law President Chiang Kai-shek that China's huge military establishment must be curtailed. Otherwise, he said, not even the House of Soong could keep China's treasury from going bankrupt. When President Chiang-onetime field marshal and conqueror of all China-hesitated to yield, Banker Soong handed in his resignation as Finance Minister, was soon and repeatedly begged by the President to withdraw it, refused (TIME, Aug. 19). Last week the brothers-in-law held a further series of earnest conferences at Shanghai. In the end Banker...
...high pressure salesman, who cashed a personal check for $330 at a hotel to meet the pay roll of the Overland Co. so he would not lose his sales agency, and who almost at once became simultaneously president, treasurer, general manager, sales manager, and advertising manager of the nearly bankrupt company...