Word: creditors
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...caught, commercial racketeers can usually be convicted for mail or bankruptcy fraud, both Federal offenses. But in retail trade a creditor has no recourse against a dead beat except to sue. It is no crime to charge a mink coat, then fail...
...black again. Fortnight ago a new combination jumped into the picture. Front for this group was a new company called Pacona Ltd., sponsored by the Manhattan firm of Lehman Bros., and Canadian affiliates of Aluminum Co. of America, including Saguenay Power Co., Price's largest unsecured creditor. Pacona's offer was the answer to a protective committee's dream: cash for principal, back interest and all committee expenses...
...voice of objection should certainly be raised. But since payment of the five dollar charge for the second semester was clearly pledged by the would-be defaulters, the imputation of skullduggery on the part of the Dudley committee is as absurd as it is false. And unlike a creditor nation, the University is in a position to collect...
...with straw littered in all the rooms and on the stairs, carpets spread out in the rain in the back yard, and the bath tub stained a curious yellow most difficult to scrub clean. After she had done her work, Mrs. Hampshire had pressed upon her by her Oriental creditor a blue serge suit with bloodstains all over it. Explained Ratanji, "I cut my finger opening a can." The waistcoat was so badly stained that even the frugal charwoman could think of nothing to do with it except burn...
Little faith in human nature has National Surety Corp., which insures companies against losses caused by dishonest employees, burglars, holdup-men and forgers. Little faith in corporate nature has many a stockholder and creditor of National Surety Co., predecessor concern of National Surety Corp. The Company did nicely calculating the odds on other people's employees' yielding to temptation, became the largest fidelity & surety insurance outfit in the U. S. In 1928 it took in $18,000,000 on its bonding business, made nearly $2,000,000 profit on investments, paid $1,500,000 in dividends. Meanwhile...