Word: defaulting
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Dates: during 1920-1929
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Owing to the default of four quarterly payments on its preferred stock, the control of the Pierce Oil Co. has passed from its common to its preferred stockholders. The latter, organized by H. H. Lehman as a Stockholders' Committee, have elected a new Board of Directors, including among them H. L. Doherty, and will undertake to raise new capital for the concern. Mr. Doherty holds a demand note against the Company for $1,200,000, secured by $3,000,000 worth of pipe line and tank cars...
...best legal talent at their command, hoping to prevent the Attorney General from making the injunction permanent. Now-just as their case was about to be heard-the lawyers for the shopmen have run up the white flag and withdrawn from the case, thus allowing it to go by default...
Emile Bure, editor of L'Eelair, Paris journal, in a pro-Entente article suggests the formation of a "sur-Parlement," or over-Parliament, in which French and British members would deal with questions affecting both countries. In default of a Franco-British Parliament, M. Bure suggests frequent meetings between British M. P.'s and French Deputies with the object, not only of strengthening the Entente, but of assimilating the foreign policy of each country toward the other. It is understood that such meeting will be arranged for by the French and British Governments...
Doubles.--Smith and Debevoise (H.) defeated Eddy and Brooks (M. I. T.), 6-3, 6-4; A. R. Allen and Perkins (H.) defeated French and Bates (M. I. T.), 6-2, 6-1; Weisman and Laimbeer (H.) defeated Doolittle and Lambert (M. I. T.), by default...
...Freshman tennis team over-whelmed the M. I. T. men 9 to 0 yesterday afternoon on the Divinity Courts, when the Crimson won eight points without losing a single set, the ninth point going to the Freshmen by default...