Word: cash
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Dates: during 1930-1939
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...Marshall was somewhat mysterious about financial backing in his purchase of the Braves. The theory that there might be Hearst money involved seemed unsound since young George Hearst is currently in disfavor with his father, who has broadcast notices to Hearst papers in all U. S. cities: DO NOT CASH ANY CHECKS OR GIVE ANY MONEY TO MY SON GEORGE- (signed...
...Ballet. For years the Metropolitan ballet has been slipshod. Ballet mistress was Rosina Galli, second wife of retired Manager Giulio Gatti-Casazza. Not since 1927 has an independent ballet (Casella's La Giara) been given at the Metropolitan. Last week Manager Johnson made ready to cash in on the current popularity of ballet. He announced the engagement of the American Ballet, the lively organization founded by Edward M. M. Warburg and Lincoln Kirstein, with Russian George Balanchine as director (TIME, Dec. 17). From the present Metropolitan ballet, Balanchine will add to his group of 27 dancers, according to Manager...
...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 in the land...
...formed in 1923 as a private pool by Mr. Odium, his friend George Howard of Simpson, Thatcher & Bartlett and their wives with a capital of $40,000. It took a drubbing in 1926, but coasted profitably into 1929. Then Floyd Odium began to smell Depression, to hoard his cash. When the October market barrage had subsided, he started picking up damaged investment trusts like Goldman Sachs Trading Corp., Shenandoah Corp. and Blue Ridge...
...long. Styling itself "the only international candy company," it opened branches in England, France and Canada, a chain of swank stores from Manhattan to San Francisco. By 1924 its sales reached a peak of 2,200,000 lb. per year. Then troubles came to Page & Shaw. Sales slumped, cash dwindled. Control had fallen into the hands of a Boston lawyer named Otis Emerson Dunham. Promoter Dunham shocked the Boston Better Business Bureau by giving away one share of common stock with every $2 worth of candy. In 1930 Promoter Dunham and two stockbrokers were found guilty of conspiracy in floating...