Word: kreuger
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While the Paris Stock Exchange was closed in honor of Aristide Briand, while 500,000 Parisians reverently stood in the Champs Elysée intent upon the Peach Man's funeral, a large pistol went off in a luxurious apartment nearby. No one heard it except Ivar Kreuger, the "Swedish Match King," the self-made colossus of Scandinavian finance. Matchman Kreuger was putting a bullet into his heart for business reasons (see p. 45) and for human reasons. His nerves were drawn so taut (he had suffered a nervous breakdown recently in New York) that to release the strain...
...Stockholm the Royal Government did not of course know that Ivar Kreuger was going to commit suicide, but they had taken precautionary steps. If anything should happen (and there were numerous "anythings" in addition to suicide the Royal Government was ready to rush through a bill to stabilize Swedish business by granting a moratorium to Kreuger & Toll. When the news came, the Swedish Parliament put through this bill at a secret session, ordered Swedish stock exchanges to remain closed. For years conservative Swedish financiers have frowned on Ivar Kreuger's operations as "too big for Sweden...
...morning of his suicide Ivar Kreuger bought the pistol at a small shop near his apartment. "Mon Dieu, how was I to know?" said the shopkeeper. "He seemed perfectly calm, parfaitement!" Only the Kreuger concierge noticed anything unusual, noticed that when the Match King came home with a package in his hand he did not smile or reply as he always had to the doorman's greeting. Going upstairs, Titan Kreuger wrote three letters in longhand to relatives, loosened his clothes, pulled the trigger...
...Kreuger in LL S- Potent in the U. S. match business is Ivar Kreuger, match tycoon of the world. Vulcan Match Co. (subsidiary of International Match Corp. which in turn is controlled by Swedish Match Co., Kreuger & Toll unit) has long sold imported Swedish matches in the U. S., made none of its own. The recent tariff on matches has made this business less profitable, has made it seem likely that Herr Kreuger would acquire a U. S. factory. Once it was widely thought that he had bought a big interest in Diamond Match Co., biggest...
...next ten years with Simmons Hardware Co. , of St. Louis. In 1915 he was made a partner of "Lee, Higg." Polite, polished, he fits well into Lee, Higginson's luxurious Manhattan office and is a perfect specimen of Banker, Idealized Type. He is a director of Ivar Kreuger's International Match Corp. for which his house is the U. S. banker. This year he was given the Royal Order of Commander of the North Star by the King of Sweden. His directorates also include Chase National Bank, International Telephone & Telegraph, Nash Motors Co., Otis Elevator Co., Shell Union...