Word: corps
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Dates: during 1920-1929
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...Stockholder Dickinson, practically insolvent, transferred his share of stock for a debt cancellation to one Walter L. Titus, through Titus's brother. New-Stockholder Titus, little interested in the money-losing company, "wholly abandoned the enterprise," refused to contribute much-needed additional funds. Soon a new company, Burnee Corp., was formed-consisting of Stockholder Neely and Willard S. Burrows...
...when gross annual earnings had reached the sum of $10,000,000. Mr. Titus brought suit against Burnee Corp. His claim: That transfer of stock to the new company in 1915 was made without his consent and in violation of his rights. His demand: That he be given an accounting of and a share in the profits. The decision: New York Supreme Court Justice Peter A. Hatting held that Plaintiff Titus could not share in the millions he had refused to help build up. Justice Hatting pointed out that Plaintiff Titus knew of the transfer of stock rights...
...Radio Corp. of America, for exchange of patents and technical information...
Nitrogen Engineering Corp., Manhattan, for technical assistance in construction of nitrogen fertilizer factory...
International Railways of Central America is not a United Fruit subsidiary. It was originally financed from London as, in 1904, U. S. capital did not venture much beyond U. S. borders. Gradual transition from British to U. S. ownership was completed in 1927 when J. Henry Schroder Banking Corp. of Manhattan became financial sponsor. The directorate is now exclusively Manhattan. Though independent, I. R. C. A. nevertheless maintains close relations with United Fruit. Minor Keith is its board chairman. And the two companies have a 33⅓% discount agreement by which United Fruit passengers and freight travel...