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Fabulous, enigmatic Cinemactress Greta Garbo (Gustaffson) began a vacation journey back to her native Sweden and the castle she bought from Ivar Kreuger's estate. In her old limousine she drove from Hollywood to Pasadena, where she hid from prying eyes in a bush with four bodyguards before making a spectacular dash for the Santa Fe train. Outside Chicago, she alighted in the railroad yards, set police and railroad men in a dither getting her a cab. Her next appearance was at Chicago's Union Station where she arrived ten minutes before train time, peeked around a corner...

Author: /time Magazine | Title: People: Jun. 17, 1935 | 6/17/1935 | See Source »

...golfing Wethereds lost a fortune when Ivar Kreuger shot himself. Joyce Wethered went to work at Fortnum & Mason's, first advising customers about golf equipment and later, when she definitely gave up thought of remaining an amateur, selling clubs and giving demonstrations. Galleries who watch a player unique for the uncanny accuracy of her iron shots, which are the weak point in almost every other woman's game, are usually surprised, no matter how low Joyce Wethered's score is, because they expect it to be lower. Soberly Spinster Wethered, who holds the world's record...

Author: /time Magazine | Title: Sport: Women Golfers | 6/10/1935 | See Source »

...days of the 1920's, companies were known by the bankers they kept. Mere fact that J. P. Morgan & Co. sponsored a corporation's securities was enough market-wise to send them soaring the instant they were issued. Since then, however, what with his memories of the Kreuger fiasco and other notable glimpses of bankers at work, the average investor has grown skeptical. Furthermore, New Deal legislation, like the requirement that all private bankers choose between their securities and their deposit business, has severed many a traditional corporate connection. Securities affiliates have been divorced from the big commercial...

Author: /time Magazine | Title: Business: Kuhn, Loeb at Work | 5/20/1935 | See Source »

...month after Ivar Kreuger shot himself to death in his Paris apartment in 1932, Manhattan's Irving Trust Co. was appointed receiver to conserve the assets of International Match Corp., the Swedish swindler's principal U. S. sinkhole. According to Kreuger's handmade balance sheets, Match was a $200,000,000 concern with world-wide properties. Discovering only $9,871 in cash, the receivers searched the wide world for other Match assets. It disputed the claims of Kreuger & Toll. It accused the German Government of "flagrant discrimination" between Swedish and U. S. creditors under the famed "Kreuger...

Author: /time Magazine | Title: Business & Finance: Match Dividend | 3/4/1935 | See Source »

...liberty of those who wish to obtain the power, not to abolish it. ... Christian theology is the grandmother of Bolshevism . . . Christian morality is, like every morality, renunciation and nothing else. . . . Socialism is nothing but the capitalism of the lower classes. . . . Finance-Socialists and trust magnates like Morgan and Kreuger correspond absolutely to the mass-leaders of Labour parties and the Russian economic commissars: dealer-natures with the same parvenu tastes. . . . All really great leaders in history go 'Right' however low the depths from which they have climbed...

Author: /time Magazine | Title: Books: Spengler Speaks | 2/12/1934 | See Source »

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