Word: corpe
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Dates: during 1930-1939
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...Continued its catch-as-catch-can bout with potent Transamerica Corp. Going into its fifth week, SEC's investigation of A. P. Giannini's big bank holding company, on charges of false stock registration (TIME, Dec. 12), was still in the legal fencing stage...
...Farnsworth's latest luck were two more bankers with imagination, this time New Yorkers. One was Kuhn Loeb Partner Hugh Knowlton, whose company has been chaperoning Farnsworth financially for four years. The other was Harry Cooke Gushing of E. H. Rollins & Sons, Inc. Last week Farnsworth Television & Radio Corp. filed with SEC a registration statement covering 600,000 shares of $1 -par-value common stock. Mr. Cushing's firm will head a syndicate to raise over $3,000,000 from sale of the stock. Farnsworth Corp. will absorb The Capehart Inc. (famed record-changing phonograph) and the manufacturing...
...leading Mormon, will move his laboratory out to Capehart's streamlined plant in Fort Wayne, Ind. The old General Household plant at nearby Marion will be used for manufacturing. With a complete line of radios, phonographs and radio-phonographs, besides Capehart's record-changer patents, Farnsworth Corp. will have something to keep it busy while'television is turning the corner...
Although the new company will be nowhere nearly as big as RCA (or Philco Radio & Television Co. and Zenith Radio Corp. which are also equipped to make television sets), it has the strongest patent position in television outside of RCA. Philo Farnsworth owns 55 patents, has 78 pending, is positive that no television sender or receiver can be made without using some of his patents. But neither can Philo Farnsworth build a set without the patents of RCA's Zworykin, and so Farnsworth and RCA will cross-license each other...
...winter of 1937-38 a frightened man named Richard Whitney tried to peg the stock of Distilled Liquors Corp. at 9. He failed and went to jail. Last week, having totted up its third consecutive deficit, $74,149 in 1938, Distilled Liquors (applejack, bourbon, rye) announced it was going to expand into the importing business (16 varieties of wine, three whiskies). Its stock...