Word: kreugered
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
Members of National Electric Light Association, convening in Atlantic City last week, heard Chairman Floyd Leslie Carlisle of Consolidated Gas stoutly define a well-managed holding company as a "potent instrument for the public welfare." Because of the Insull and Tri-Utilities collapses as well as the Kreuger scandal, the holding company theory at present is the subject of many an attack, many an inquiry. Last week from the Public Service Commission of the State of New York, the holding company theory received its 'second setback in three weeks...
Four big banks (National City, Bankers Trust, Union Trust of Pittsburgh, Continental Illinois of Chicago) insisted the certificates were theirs, given to them as collateral by Ivar Kreuger when he could not pay a $3,800,000 loan. They would have sold the certificates long ago had not Irving Trust, now trustee for bankrupt International Match, insisted that the shares were the company's, not the banks'. The basis for this contention was that the banks knew of Ivar Kreuger's financial troubles when they accepted the stock as collateral, hence were treated as preferred creditors without reason. Court battles...
...affairs of Kreuger & Toll, the holding company, were just as bad last week. Bankers throughout the world read with envy that Mahler's Bank of Amsterdam had broken all its relations with Ivar Kreuger in 1929, suddenly suspicious at his haste in seeking loans, the number of companies he controlled, the big profits he reported. In Manhattan the protective committee, headed by Bainbridge Colby and with Samuel Untermeyer as counsel, passed a resolution asking the Swedish authorities to demand a cash settlement from Kreuger's U. S. bankers before a re-organization of either Kreuger & Toll or International Match...
...John Clarke Lee of Lee & Higginson. Its president is Francis C. Gray. On its board are Frank Gilman Allen, onetime (1929-31) Governor of Massachusetts, Thomas Nelson Perkins of Boston & Maine R. R., President Louis Edmund Zacher of Travellers Insurance Co. When Lee, Higginson Trust Co. was formed, Ivar Kreuger was slated to become a director, never did. Last week Kreuger & Toll debenture certificates sold at a new low of 3?, mighty plans for Swedish Match were promulgated in Stockholm...
...Kreuger developments last week: 1) A Swedish committee found that Kreuger's personal debts were $93,500,000 in addition to indirect liabilities of $74,800,000. 2) Bankruptcy was recommended for Kreuger & Toll...