Word: cosden
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Dates: during 1930-1939
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Broker Sisto had said that he invested in Cosden Oil stock for the Mayor but without his knowledge, after meeting him for the first time in Atlantic City. He did not give Mayor Walker the total $88,000 in profits from the transaction since he was hard up for cash, but sent him $26,535 m bonds through a henchman named McKeon, who testified he passed them to His Honor while riding home in the Mayoral limousine...
...Sert contracted to do the Waldorf job year ago, received approximately $100,000 for it. He is full of honor in his own land: his work hangs in Spanish cathedrals, in the Royal Palace at Madrid, in Barcelona's municipal building. He did the murals for the Joshua Cosden mansion at Palm Beach, now the home of Mrs. Hugh Dillman...
...seven-year-old bay gelding trotter Coolidge 2.07½ (1930), out of Zarrine by Guy Axworthy, bred by Alfred Houston Cosden of Southold. L. I., now anonymously owned...
...Cosden Receivership. In 1925 the most typical example of the oilman whose wells had gushed richly was Joshua S. Cosden, head of Cosden & Co. He had vast estates in Palm Beach and Long Island, entertained lavishly, followed horses as well as stocks. His wealth was estimated at $50,000,000. Surely his expenditures lent veracity to this figure. But after heavy losses in the stockmarket he lost control of Cosden & Co. which became Mid-Continent Petroleum Corp., was reported financially down & out. Three years later his friends financed a projected comeback. He moved from Manhattan to Fort Worth, energetically entered...
Last week Cosden Oil Co. stock sold at $1¾ a share. Although the stock has been dropping steadily for many months (1930 high: $74!), the direct news causing last week's new low was word that a receiver had been appointed, that the company admitted it was unable to pay current debts. How much Mr. Cosden was hurt by the drop was not known. There were rumors that last year he took advantage of the stock's wild move to sell some of his holdings. Badly hurt by the stock's earlier drop was J. A. Sisto & Co. (TIME...