Word: grunwald
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...Cash. In mid-September, Jasper & Co. ran out of cash. Shareholders who had accepted the Jasper bids were not being paid off. Within three days the market value of Jasper's empire fell from $48 million to $33.5 million, and Jasper sadly announced that Grunwald had fled to Israel. Building Society stockholders were offered only one shilling (16?) payment on their shares a month...
...Harry Oscar Jasper, 54, is a Berlin-born refugee who started a foreign-currency business in 1936. After serving as a private in the British Army during World War II. Jasper quickly built up a small investment bank, joined forces with another Berlin refugee, a sharp lawyer named Friedrich Grunwald. Operating H. Jasper & Co., the two began to move fast, using the take-over expert's favorite tactic: after acquiring the controlling shares of a company, they would sell off its property, lease it back, use the cash acquired to buy more companies. H. Jasper & Co. gathered up blocks...
...turned out that recently most of the cash came from the State Building Society, a publicly owned savings-and-loan association supported by small depositors and designed to help people buy their own homes. Its motto: The Horn of Plenty. The horn was easily tapped by Jasper & Co. through Grunwald, who was also a lawyer representing State Building; he arranged for the Society to lend to Jasper on mortgages. All told, it lent Jasper $21.2 million of its currently estimated $40 million in assets, some $10.3 million without any security. To get around a law requiring that building societies list...
...complete contrast to this light-hearted parody was Hindemith's thorny Mathis der Maler, presented over the weekend in English by the B.U. Opera School. The costumes, lights, and staging were equal to and often above professional standards. The opera deals with Mathias Grunwald, the great 16th century painter and the place of the artist, or indeed of any man, in the world...
...finished editing Carl Solberg's fine takeout on the late great Welsh Poet DYLAN THOMAS (see BOOKS), Senior Editor Henry Anatole Grunwald recalled a small chapter of the Thomas legend: once the poet had wanted to write for TIME. In 1945 Thomas asked U.S. Poet-Critic OSCAR WILLIAMS: "Could you approach TIME - whom you suggested as possible employers - and get some definite promise, however small, from them?" Unfortunately, Thomas postponed his trip to America five years and never came to TIME...