Word: ebro
(lookup in dictionary)
(lookup stats)
Dates: during 1940-1949
Sort By: most recent first
(reverse)
Mystery Man. To grab Ebro, Juan March had to outwit and outfight a foe as powerful, mysterious and secretive as himself: Dannie N. (for Nusbaum) Heineman, who, at 78, looks startlingly like the late J. P. Morgan, has some of Morgan's mania for collecting (he owns a collection of original manuscripts of De Maupassant, Mozart and Goethe...
...bankers have ever heard of him. When in Manhattan, he lives in a nine-room apartment in a quietly elegant midtown hotel. Born in North Carolina, Heineman went to Europe at 16 and stayed there almost half a century building electric tramways and power plants (including Ebro) in a dozen countries, with U.S., British, Belgian, Swiss and French capital...
...innumerable political upheavals by means of a bewilderingly complex holding company, incorporated in Belgium, called SOFINA (Société Financieère de Transports et d'Entreprises Industrielles)* The value-and power-of SOFINA is Heineman's secret. But its five-year battle with March over Ebro makes E. Phillips Oppenheim's stories read like fairy tales. Says Dannie Heineman, with icy anger: "I'm no angel, but I've always been a builder. Juan March has always grabbed what he wanted. He wanted Ebro, and he grabbed...
Blocked Profits. Ebro is the principal source of electricity for Spain's chief industrial region, the whole of Catalonia and the Ebro valley where the Spanish Loyalists made one of their last great stands. Since 1910, Ebro had dutifully paid out profits to its owner, the Canadian-incorporated Barcelona Traction, Light & Power Co., Ltd., a subsidiary of SIDRO, in turn a subsidiary of Dannie Heineman's Sofina...
...civil war blocked all currency exchange, and at war's end Franco refused to unblock Ebro's profits. With Barcelona Traction helpless to get at them, it fell far Dehind in interest payments on its sterling bonds. The bond prices tumbled, and Juan March started buying them up at bargain rates...