Word: kreuger
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Because several news stories of the year loomed so large, the lists were more alike than usual. All three services named the Bonus Army's invasion of Washington, the Democratic landslide, the Sino-Japanese struggle (particularly the battle of Shang-hai), the collapse of the Insull and Kreuger properties, the Massie case in Honolulu...
...York, E. P. Dutton & Co., publishers, revealed that Swedish Dr. Axel Munthe, hoping to increase his fund for the establishment of a bird sanctuary on the Island of Capri, had sunk the fat royalties from his long best-selling The Story of San Michele in Kreuger stocks...
Match Re-lighted. After six months of investigation and negotiation Swedish Match Co., springboard from which the late Ivar Kreuger leaped to fantastic heights of finance, was reorganized last week, first of the Kreugered interests to burn bright again. Granted a moratorium last May, the company has been run by three administrators (similar to U S receivers) appointed by the Swedish Government. Cooperating with creditors and representatives of affiliated Kreusrer & Toll (the investment company) and International Match Corp., they evolved a workable scheme and the moratorium was lifted. Creditors were not asked to scale down their claims; they will receive...
John T. Flynn, the financial publicist and author, will address the second general meeting of the Harvard Inquiry in the Lowell House common room at 8 o'clock tonight. His subject "Mismanaged Capitalism" will include a discussion of the Kreuger and Insull cases and their significance. This talk will carry on the Inquiry's program of discussing the question, "What does the depression reveal about the need for long run changes?". Mr. Flynn is the author of "God's Gold, John D. Rockefeller and His Times" and of numerous other books and articles on financial matters...
Stockholm police arrested Brother Torsten Kreuger last month when the receivers for Kreuger & Toll sued him for more than $1,000,000 in cash and securities which he was alleged to have received from Scoundrel Ivar some six months before the crash. It was Brother Torsten who flew to Paris and secured custody of Brother Ivar's body without an autopsy being performed. At that time Brother Torsten had the diplomatic rank of a Swedish consul general, lived far more lavishly in Stockholm than Brother Ivar whom Swedes called "The Man Who Never Gambles...