Word: kreuger
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...shady fortunes-were mostly made outside of the U. S. in countries which remained neutral. Before 1913 the Swedish match business was divided between a great number of small individual match factories and the large combine of Jönköping. Just before the War Ivar Kreuger had managed to combine the smaller companies into the United Swedish Match Factories, with a capital of four million kroner. This company, like its rival Jönköping, was faced with War-created difficulties in getting raw materials. But Kreuger made deals with belligerents, guaranteeing to supply them with matches...
...December 1917, the new combine had built itself up to the point of amalgamating with Jönköping on very favorable terms. The new trust, called the Swedish Match Company Ltd., was capitalized at 45 million kroner, and Kreuger emerged as boss. Faced with renewed competition after the War, Kreuger took advantage of depreciated currencies to buy up match factories and real estate in Poland, Belgium and Germany. He emerged from the War as the match king of the world-to fail and go crooked in the 1929 depression...
...complaints from Si Oliver, arranger for Jimmy Lunceford, who claimed it came from his arrangement of Dear Old Southland, from Gene Krupa who said he made it up in one of his earlier Brunswick records, from Count Basic who has used the lick in numerous of his arrangements. Jerry Kreuger, a 52nd Street singer, said she has used the line "Don't get icky with the 1-2-3" in New York since last summer after hearing it in the Catskills...
...morning in March 1932, a swindler named Ivar Kreuger lay on his bed in a Paris apartment, put a bullet through his heart. Kreuger & Toll's subsequent collapse sapped confidence in financial wizardry, helped to precipitate Roosevelt reforms. Last week Kreuger & Toll's U.S. ,estate paid its final dividend to claim-holders, bringing its total payments to $2,743,582. With payments by the Swedish estate, the burnt-up Match King's burnt-up creditors have so far collected a scant $22.000,000 out of original claims...
...imagined the backgrounds of her novels (although she says their authenticity has never been questioned). So Big, for example, she wrote in a torrid Chicago hotel room, never having seen a farm. Now living in a fabulous soundproof Park Avenue penthouse (originally built for Ivar Kreuger, the late, burnt-out Match King), she is glad that in her personal life she has also been a bystander. She has never married. Sometimes, says Edna Ferber, under the influence of cocktails and a moon, she used to get engaged, but always broke it off next morning before taking her walk and sitting...