Word: kreugered
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...Topeka & Santa Fe at $298!, putting the $2,986.25 in a savings bank. Recently he bought back his ten Atchison for $350. With the additional money he bought ten shares in each of 85 well-known companies, such as Baltimore & Ohio, Erie, Wabash, Anaconda Copper, Baldwin Locomotive, United Cigar, Kreuger & Toll, Curtiss-Wright, Republic Steel. He still had left $8.75 to buy a haircut, a shave, a pair of shoes before taking the accumulated savings bank interest of about $450 to buy an automobile. If he had bought the 850 shares when he sold his Atchison in 1929, they would...
...thousands of investors who bought Kreuger & Toll and International Match securities obtain redress from the bankers of these companies? Last week an answer to this much-asked question drew closer. In Manhattan one Florence Bramson, owner of five International Match $1,000 debenture bonds (worth $17.50 each last week), brought suit against Guaranty Co. and Lee, Higginson & Co., charging not fraud but misrepresentation of facts. Another suit against Lee, Higginson & Co. was filed last week by Alice F. and Edith S. Tilton of Milton, Mass., owners of Kreuger & Toll securities. They too charged misrepresentation, sought their money back...
While Lee, Higginson & Co. planned these changes last week the investigation of Herr Kreuger's affairs went on apace. In Stockholm police were searching 150 sacks of waste paper for clues regarding Kreuger transactions. The first actual jail sentence in the case came when Bror Bregberg, one of Kreuger's associates, was fined $162,000 and sent to jail for nine months at hard labor. In Manhattan Anders Jordahl, crony of Ivar Kreuger, admitted that Herr Kreuger might have "been short a few shares" at the time of his death. Other than this he had little...
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...
...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...