Word: kreuger
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Svelte Mrs. Ingeborg Eberth, who says she was Ivar Kreuger's nearest & dearest friend, startled Stockholm last week with a bland announcement that some three weeks after his suicide (TIME, March 21) she received a letter in Ivar Kreuger's handwriting...
Originally Mrs. Eberth, believing her friend to be dead, said she would write "the life story of the man about whom I know more than anyone else." Last week she may have been merely plugging for her book. But thousands of small Kreuger investors continue to hope that Kreuger will be caught alive. Complaints continue that his corpse was not shown in Paris or Stockholm (which would have settled all doubts) but sent to Sweden in a sealed coffin and privately cremated...
...under suspicion when the Kreuger coffin arrived, Premier Carl Gustaf Ekman of Sweden was later accused of accepting Kreuger money for campaign purposes. He hotly denied this charge at first, then shamefacedly confessed and tendered his resignation to King Gustaf (TIME, Aug. 15). If the Premier of Sweden lied about Ivar Kreuger-so runs the small investors' argument-who knows whether a man with the Great Scoundrel's brains & money could not have "arranged" his suicide and cremation with the petty French and Swedish officials who certified the facts...
Large creditors centered some hopes last week on a writ served in Stockholm on Ernst Kreuger, the 80-year-old father of Scoundrel Ivar, and other directors of his collapsed holding company, Kreuger & Toll. The writ charges Father Kreuger & Directors with "gross negligence," accuses them of letting Scoundrel Ivar do with the company whatever he liked, seeks to collect from the Board of Directors damages equivalent to the losses of Kreuger & Toll. How great these losses are, accountants who have been ferreting & figuring ever since last spring were still unable to say last week...
...speakers on the Inquiry's program for the rest of the term has recently been completed. On November 17, John T. Flynn, author of "God's Gold: John D. Rockefeller and His Times" and a well known financial publicist, will speak. His subject will be the significance of the Kreuger and Insull cases and other recent instances of financial mis-management...