Word: costers
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Dates: during 1930-1939
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When the McKesson & Robbins scandal broke last December, jittery stockholders feared that their drug firm might be busted. Approximately one fourth of its $86,556,270 assets was just figures written on the books to keep the company looking prosperous while imposing Impostor F. Donald Coster milked it. Trustee William J. Wardall, appointed by the U. S. District Court to straighten out the mess, last week mailed to stockholders his first full report of the firm's financial condition...
...Musica-Coster had inflated the firm's assets by $21,025,658. Of this amount $2,869,483 was stolen from the firm. The rest had never existed to be stolen, was an incidental figment of the Coster speculation. Ex phony items: assets on Dec. 31, 1938 were $68,953,095; liabilities, $41,657,064; net worth...
...Coster counting Trusteecounting...
Recovered to date: $235,000 (including $100,000 insurance policy on Musica-Coster's life). Proceeds from sale of his yacht Carolita...
Died. Julian F. Thompson, 50, playwright (The Warrior's Husband) and treasurer of McKesson & Robbins, who started the investigation that exposed President Coster as ex-Convict Musica; of influenza; in Manhattan...