Word: inc
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Dates: during 1930-1939
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High-spot in his two-day testimony dealt with his purchase (February-June 1929) of a controlling interest in Loew's, Inc. The deal cost him $73,000,000. Because it included Metro-Goldwyn-Mayer as well as the Loew theatres, the deal made Mr. Fox incomparably the No. 1 Cinema Man. U. S. anti-trust laws, however, frown on such acquisition of shares in a competing company, and Mr. Fox kept after the Department of Justice to see if he could get an official okay on the transaction. He actually bought the Loew shares on the strength...
Philanthropia Inc. New York City...
...insignificant little corporation in Brooklyn last week skyrocketed into national prominence when Hercules Gasoline Filling Stations Inc. was made the target for the first Federal indictment charging violation of a permanent NRA code. The owners were accused of working their employes 18 hours per week longer than the petroleum code allowed. with failure to post gasoline prices...
Game Birds in America Inc. Alarming as it was, the statement sounded conservative to U. S. gunners and ammunition makers, already shocked by a rumor spreading throughout the land. The rumor, far graver than those of possible regulatory measures which worried sportsmen last summer (TIME, Aug. 28), was that a Federal ban would next year fall on all duck-shooting...
...hobbled into a Federal Court in Brooklyn to testify on the loan that brought him low. The firm that held his note was in bankruptcy. At a prize fight in 1929, Mr. Ringling related, he met William M. Greve, president of New York Investors, Inc. (realty), who agreed to lend him $1,700,000. As collateral Mr. Ringling put up one-half of all his circus stocks. Shortly afterward New York Investors sold the Ringling note to the now bankrupt subsidiary. While ill last year, Mr. Ringling had been unable to meet an interest payment of about $18,000. Financier...