Word: executors
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Since the arrest of Arnold Bernstein, Herman Kollmar, the director of his Red Star Line and his executor, has been in amicable contact with Minister President & Economic Director Hermann Goring, seeking a pardon, showing Ford and Studebaker company letters urging clemency. Mr. Kollmar denied rumors that the German Government has taken or plans to take over the Bernstein Line, admitted these rumors have caused many cancellations...
...provided two Oxford scholarships every three years for boys from every U. S. State.* In 1902, when the will was executed, there were 45 States. Scholarships were added for Oklahoma (1907), Arizona and New Mexico (1912). In 1929, Rhodes Scholar Frank Aydelotte, president of Swarthmore College and U. S. executor of the Rhodes Trust, knocked on the door of Parliament and had the Trust amended to establish eight districts of six States with twelve scholarships apiece, an arrangement which has since eliminated many an indifferent backwoods candidate. Last week alert Trustee Aydelotte was fittingly rewarded for this and other Rhodes...
...Flores da Cunha, a doughty soldier who can tie a steer singlehanded, who helped boost his friend into the Presidential Palace in 1930, Strong Man Vargas knew he had better act quickly. Back to Porto Alegre flashed a Presidential order relieving Governor Flores da Cunha of his responsibilities as executor of the "state of war" in Rio Grande do Sul, handing them over to General Emilio Lucio Esteves, the State's Federal military commandant. This order in effect gave General Esteves a free hand with 17,000 Federal troops against anything General Flores da Cunha might try with...
When Leonard Asbury Busby, Chicago lawyer and tractionman, died in 1930, he left an estate of $1,635,000 and debts to banks and brokerage houses of nearly $1,000,000. Named executor was the trust affiliate of Chicago's big First National Bank, of which his good friend the late Melvin Alvah ("Mel") Traylor was president. Busby's will set up a trust for his widow and two children, gave the executor full power to sell any property "upon such terms as ... may seem desirable." President Traylor, who assumed direct supervision of the estate, was thus supposedly...
Final accounting of the estate in September 1932 revealed that none of the legacies and only a few claims had been paid. Furthermore, the estate was hope lessly insolvent. Widow Esther C. B. Busby filed objections to the accounting, sought removal of the bank as executor and payment to her of surcharges equal to losses sustained during the bank's stewardship. She lost her suit after hearing her friend "Mel" Traylor admit he had made a bad guess by not liquidating the estate to get it out of a dangerous speculative position in a falling market (TIME...