Word: kreugered
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Dates: during 1930-1939
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...Mathieson Alkali announced that its new Lake Charles, La. synthetic salt cake plant would start operations about November 1, thus making the U. S. independent of foreign (especially German) supplies. Chief use of salt cake (sodium sulfate): kraft paper manufacture. >Paperboardcreditors' recoveries on Ivar Kreuger's great debacle...
...turned down the presidency of the German Reichsbank, the second time proposed Dr. Hjalmar Schacht in his place. Schacht got the job. He began to buy antiques-among them the valuable Eucharistic Dove stolen from Salzburg's Cathedral. He was too skeptical to have any truck with Ivar Kreuger or any private financier. His was the last Jewish-owned bank allowed to do business in Germany...
...shady fortunes-were mostly made outside of the U. S. in countries which remained neutral. Before 1913 the Swedish match business was divided between a great number of small individual match factories and the large combine of Jönköping. Just before the War Ivar Kreuger had managed to combine the smaller companies into the United Swedish Match Factories, with a capital of four million kroner. This company, like its rival Jönköping, was faced with War-created difficulties in getting raw materials. But Kreuger made deals with belligerents, guaranteeing to supply them with matches...
...December 1917, the new combine had built itself up to the point of amalgamating with Jönköping on very favorable terms. The new trust, called the Swedish Match Company Ltd., was capitalized at 45 million kroner, and Kreuger emerged as boss. Faced with renewed competition after the War, Kreuger took advantage of depreciated currencies to buy up match factories and real estate in Poland, Belgium and Germany. He emerged from the War as the match king of the world-to fail and go crooked in the 1929 depression...
...complaints from Si Oliver, arranger for Jimmy Lunceford, who claimed it came from his arrangement of Dear Old Southland, from Gene Krupa who said he made it up in one of his earlier Brunswick records, from Count Basic who has used the lick in numerous of his arrangements. Jerry Kreuger, a 52nd Street singer, said she has used the line "Don't get icky with the 1-2-3" in New York since last summer after hearing it in the Catskills...