Word: koempel
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Dates: during 1930-1939
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...less and less active. There were no Kings left in the firm. Two years ago President Browning started to put his company into receivership, listing himself as a $486,000 creditor. The court granted a stay. Mr. Browning moved up to the board chairmanship, put Vice President Edward C. Koempel in as president. But business did not improve and President Koempel was unable to work off his load of debts. With insufficient capital, with merchandise, rent and realty liabilities of approximately $500,000, Browning, King was last week turned over to Irving Trust Co., Federal receiver for the southern district...
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