Word: costers
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Dates: during 1930-1939
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...debark in the Canal Zone and return immediately if necessity demanded. Though Federal authorities said they wanted Judge Thomas and his books chiefly for the Manton investigation, they confessed their interest in a case from Judge Thomas' own court: the McKesson & Robbins receivership that exploded the notorious Coster-Musica drug scandal (TIME...
...furniture in a shed near the McKesson & Robbins plant in Bridgeport, Conn, one day last week, Post Office Inspector Samuel MacLennan found two old ledgers. They contained the record, written in his own hand, of 16 of the 18 years that Philip Musica lived and swindled as F. Donald Coster. Confronted with the diaries, the three surviving Musicas promptly pleaded guilty to violation of the Securities & Exchange Act. SEC Examiner Adrian S. Humphrey thought them so important that he adjourned his inquiry until the ledgers had been studied...
Those who examined the diaries said only that they "named new names." Newspapers recalled that in his suicide note Coster-Musica accused unnamed directors of knowing he had kited McKesson & Robbins' assets...
...began an investigation of the Coster-Musica scandal (TIME, Jan. 9), a perversion of Mother Goose went the rounds of Wall Street...
...When Coster heard about this he opened campaign headquarters in Manhattan's Hotel Roosevelt, hired a lawyer, and began whispering in directors' ears, "setting one man against another." Everything was set for open battle when Mr. Catchings saw that a majority of directors sided with Coster, led by representatives of the banking interests that had helped him finance the company. Rather than start a public row to the detriment of the company's reputation, Mr. Catchings issued a report and resigned. Said he last week: "I told them, but they wouldn't accept it, that...