Word: chase
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Dates: during 1930-1939
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Howard Scott the Technocrat was going to make a speech, sped the news. Present would be President Glenn Frank of the University of Wisconsin, General William Irving Westervelt of Sears, Roebuck, old Clarence Darrow, Economist Stuart Chase. Two collateral bodies, the All America Technological Society and the National Technological Congress, were joining with the Continental Convention on Technocracy. It looked as though another flight into the upper air of serious attention might be in store for the limp technocratic skyrocket which last winter burst in a dazzling festoon of headlines and sputtered out in the back pages of hinterland newspapers...
...After the fall of William Fox, his big film company was tossed gingerly about Wall Street for a long time. Several attempts were made to toss it to the public, but in the end Fox Film Corp. came to rest on the broad lap of Chase National Bank (TIME, May 2, 1932 et ante). Chase through its oldtime officer Edward Richmond Tinker tried to run the company from Wall Street, but after four months it called in Paramount's able Sidney Kent, made him president. Chairman Tinker stayed on to work out a financial reorganization. Last week Chase...
...split its stock-one share of new for six shares of old. The holder of one new share will have the dubious privilege of buying five more new shares at $18.90 a share. Underwritten by Fox creditors the offering of new stock will probably be spurned by most holders. Chase will thus have to take up practically all the new stock, giving it control and in effect converting Fox debts into Fox stock...
...financier. Cyrus Eaton disappeared from the headlines as completely as if he had died. Last week bushy-browed old President Bishop was making a last stand against his creditors' determination to sell what remained of Continental's shriveled assets. Week before he sought in vain to enjoin Chase National from auctioning off the stocks pledged for a $27,000,000 loan...
...Chase itself bought in practically all the collateral for $22,700,000. Included were 95,000 shares of Republic Steel, 50,000 shares of Cliffs Corp. (iron ore), 98,400 shares of Firestone Tire, 77,000 shares of Goodyear, 62,000 shares of U. S. Rubber. 55,000 shares of Goodrich, 350,900 shares of Lehigh Coal & Navigation and working control of United Light & Power. What Chase intends to do with these new possessions Chase would not tell last week...