Word: bostwick
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...class book of 1912 at the University of Colorado, under a picture of Floyd Bostwick Odium, is the caption: "Manages to get his hands on everything that makes money." Starting as an obscure chaser of ambulance chasers in Utah, lean, sandy-haired Floyd Odium got his hands on $14,000,000 in cash and quick assets just before the market broke in 1929. He sat on his money until 1930, then quietly began placing his bets. Result: Floyd Odium is Depression's No. 1 phenomenon and his Atlas Corp., with assets of $110,000,000, the biggest investment trust...
...John D. Hertz, who, putting all thought of retirement from his head, had in the meantime become a partner in the Manhattan banking house of Lehman Brothers. Another was Floyd Bostwick Odium, who smelled a bargain for his Atlas Corp. And finally there was Harold A. Fortington, financial secretary of Britain's Royal Liverpool group of insurance companies. An exceedingly rich and somewhat mysterious Briton, Mr. Fortington has been in the U. S. since 1920. He has a home in England, an apartment in Manhattan and a 1,400-acre estate in Pawling, N. Y., where...
Such was President Floyd Bostwick Odium's restatement of policy in the last annual report of his Atlas Corp., biggest investment trust in the U. S. Mr. Odium's theories of how to run his $110,000,000 company are as new to the U. S. as his own success. The average trust merely invests its funds in a long list of good stocks & bonds that any shrewd investor would buy if he had the money. In Britain, where this type of financial institution is so old that prime trust debentures sell on a par with government securities...
Three years ago Consolidated fell into the toils of the mightiest investment trust in the U. S., Floyd Bostwick Odium's Atlas Corp. Consolidated's corporate troubles had begun with a post-War expansion during which it acquired a string of lithograph companies and a $3,000,000 debt. Atlas Corp., through a subsidiary, acquired some five-year notes covering the fattest slice of this debt ($1,600,000), together with 40,000 shares of Consolidated stock. Into the maw of Atlas Corp. many companies go but few return. Consolidated was the exception. Smooth, hustling President Jacob...
Long before Floyd Bostwick Odlum started to collect broken-down investment trusts for Atlas Corp., he traveled all over the world using his absolute power-of-attorney to buy hundreds of millions of dollars of utility properties for Electric Bond & Share. Before that he was a $75-per-month law clerk in Salt Lake City. And shortly before that the slight, sandy-haired son of a Methodist minister was married to Hortense ("Tenney") Mc-Quarrie, daughter of a Mormon elder...