Word: halsey
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...stockholders, 25,000 Fox employes, 15,000 theatre-owners served by the Fox organization, and to the general public, the issue if successfully sold, would enable Mr. Fox to pay off the largest and most pressing of his current obligations. First-to-be-satisfied creditors would probably be Halsey, Stuart & Co. ($12,000,000), then American Telephone & Telegraph...
Often was this story repeated last December (TIME, Dec. 16) when William Fox turned over the management of his cinema business to his bankers and creditors, Halsey, Stuart & Co. and American Telephone & Telegraph Co. Last week, however, it appeared that Mr. Fox was not altogether willing to admit that the bond house and the utility company were in the cinema business. Some of Mr. Fox's stockholders seemed more gravely concerned than ever about their equities in the Fox companies. These stockholders, indeed, threatened a receivership and thereby produced not only a decline in Fox securities but a general...
...Bankers. Owing some $90,000,000 in short term notes, Mr. Fox had in December consented to the formation of a voting trust in which he had one vote, Halsey, Stuart & Co. one vote, American Telephone & Telegraph one vote. Halsey, Stuart held Fox notes for $12,000,000 and American Telephone & Telegraph (through Electrical Research Products, Inc.) held notes for $15,000,000. According to a Halsey, Stuart official, Mr. Fox agreed to turn in the resignations of a majority of the directors of Fox Film Corp. and Fox Theatres Corp. But when the bankers asked for these resignations they...
Triumvirate. Banker of the triumvirate is Harold Leonard Stuart, bachelor president of famed Halsey, Stuart & Co. In 1927 his firm issued a booklet, The Motion Picture Industry as a Basis for Bond Financing, at the same time underwriting their first Fox issue. Trustee Stuart will represent his firm as Fox bankers and his firm's customers as large investors...
...Hutchins inaugural last week. It was a list much like the roster of first-nighters at the opening of Chicago's new Civic Opera House (TIME, Nov. 4, 18). Included were: President & Mrs. James Simpson of Marshall Field & Co.; Mr. & Mrs. Charles R. Walgreen (drug stores); Harold Leonard Stuart (Halsey, Stuart & Co., brokers) and his socialite sister; Mrs. Edith Rockefeller McCormick (daughter of Founder Rockefeller, onetime wife of Trustee Harold Fowler McCormick) and her bosom socialite friend Mrs. Waller Borden; onetime Governor & Mrs. Frank Orren Lowden; Senator & Mrs. Charles Samuel Deneen; Editorial Writer & Mrs. Tiffany Blake of the Tribune; Miss...