Word: block
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Dates: during 1950-1959
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Demolition of the Rogers block on Main St. is expected to begin within the next six months as a result of action taken Monday by the Council. Another redevelopment program at the "Riverview block" on Mt. Auburn St. is now "well-advanced in the planning stage" and is said to be "about two years" behind the Rogers project...
...gems as petty thievery. Not long ago he ruled supreme as czar of the underworld in French Indo-China. The sixth son of a rural outlaw who built a modest fortune on stolen water buffalo, Le Van Vien showed early promise of becoming a successful chip off the old block. In the early days of the Sino-Japanese War he left home to fight with Chiang Kai-shek's armies, but he soon found that the more peaceable job of chauffeur for the French government in Saigon gave him more time to indulge his hobby of smuggling contraband...
...last week. He was casting a covetous eye on ailing American Motors Corp. ($2,994,613 loss in first quarter of fiscal 1957). Wolfson announced that he and his family have increased their holdings in the company by 110,000 shares to 350,000, giving him the largest single block, though only 6%, of the 5,670,430 shares outstanding...
Silberstein has to have his stock, said Sarlie, because it is the "controlling" block. Early in the fight Sarlie was smart enough to see that the battle would be close, since President Robert Morse Jr. and his family own 34% of the stock. At first Sarlie bought 70,000 shares with his own and borrowed money. He sold 20,000 shares to Silberstein and agreed to sell the other 50,000 after the annual meeting-at a profit of $369,200. When his computations showed that Silberstein was still short some 60,000 shares of what he needs, Sarlie said...
...Silberstein does succeed in his goal-electing six directors to the eleven-man Fairbanks, Morse board-his victory might yet be Pyrrhic. Penn-Texas may control Fairbanks, Morse, but since Illinois law requires a two-thirds vote of shares for corporate merger, the Morse family holdings are enough to block any real union between the two companies. Moreover, if F-M stock drops after Silberstein wins-and Morse himself says it is much too high-the Morse-financed Landa committee may yet put Silberstein in hot water at Penn-Texas' own meeting in May by confronting him with some...