Word: hertz
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Dates: during 1930-1939
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...Colonel Edward Riley Bradley's three-year-old filly Black Helen: the $25,000 added American Derby; with Mrs. John D. Hertz's Count Arthur half a length behind; at Washington Park, Chicago...
...confusion of receivership, bankruptcy and endless litigation, it was apparent that John Hertz's heroic efforts had made the Paramount hulk worth raising. The studios were unaffected, theatres were open and by the end of 1933, with the help of Mae West's first hit (She Done Him Wrong), the company was making money. Upshot was that a number of people began to take a hand in the salvage operations...
...John D. Hertz, who, putting all thought of retirement from his head, had in the meantime become a partner in the Manhattan banking house of Lehman Brothers. Another was Floyd Bostwick Odium, who smelled a bargain for his Atlas Corp. And finally there was Harold A. Fortington, financial secretary of Britain's Royal Liverpool group of insurance companies. An exceedingly rich and somewhat mysterious Briton, Mr. Fortington has been in the U. S. since 1920. He has a home in England, an apartment in Manhattan and a 1,400-acre estate in Pawling, N. Y., where...
...Messrs. Hertz, Odium & Fortington also had rich friends who liked the looks of the Paramount wreck. Stockholders, bondholders, trade creditors, and the big banks all had conflicting claims. But the importance of Messrs. Hertz, Odium, Fortington & friends was the fact that together they owned nearly $20,000,000 face value of defaulted Paramount debentures and other claims. What was more, they had shrewdly purchased most of the bonds after the company went bankrupt. Thus it was that Messrs. Hertz, Odium et al. had much more to say about the reorganization plan which went to the courts last November than...
...secret was John Hertz's cordial dislike for the banking house at No. 52 William Street, Manhattan, but Kuhn, Loeb was an enduring tradition in Paramount. Not until last January was the final Kuhn, Loeb fade-out effected. Then the slate of new directors was proposed without a Kuhn, Loeb partner. The $6,000,000 of underwriting involved in reorganization was handled by Mr. Odium's Atlas Corp. for a nominal 1% (TIME...