Word: bankrupts
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...Cornelius Jr. is scarcely famed in Paris-having chosen California as his place to toil and go bankrupt publishing tabloid news organs. Therefore announcements that General Cornelius Vanderbilt had made available $2,257,000 to pay the California tabloid creditors (TIME, Dec. 31), were of relatively slight interest to such typical Paris tycoons as M. Henri Letellier, publisher of the world's third largest newspaper, Le Journal. It was M. Letellier who employed, as his confidential and executive secretary until recently, the cherubic Erskine Gwynne. But tout Paris took keen interest, last week, at reports that Nephew Gwynne...
Last week, however, this failure was at least freed from any suspicion of fraud. Forrest Adair Sr., Forrest Adair Jr., Frank Adair and E. A. Erwin, officials of the bankrupt firm, were acquitted of using the mails to defraud in connection with the building of three southern hotels which never were completed. Stockholders in these projects lost nearly $3,000,000. After a month's trial, a jury decided that the Adair failure was legitimate...
...Hoff who had been characterized as the bootleg tsar, Borgian in intrigue, monstrously and illicitly wealthy. But he declared himself bankrupt. And his lawyer suggested lavish Hoff philanthropy. Students of the situation wondered whether the term "philanthropy" included the hundreds of Christmas turkeys that policemen had received from "Boo Boo" in recent years...
...notably a Byrd trait, though William Byrd II (1674-1744), who outshines his father as founder of the line, had the sagacity to marry two heiresses. Harry Flood Byrd started being businesslike at the age of 14, when he gave up school to take over his father's bankrupt Winchester Star. The Star has paid from then till now. So have another, larger Byrd-paper, the Harrisonburg News-Record, and the 1,500-acre Byrd apple orchards...
Died. Larry Semon, 39, funny cinemactor; of double pneumonia; in Victorville, Calif. Last March he went bankrupt with liabilities of nearly...