Word: kreugers
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Dates: during 1930-1939
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...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...
...First as Provisional President, since 1929 as Constitutional President, he had been Ecuador's chief executive for the past five years. Ironically, the same matches which burned him last week helped secure his position two years ago. At that time he got a loan from Swedish Match Co. (Kreuger & Toll) in return for granting the firm a national monopoly. Not only did President Ayora grant a monopoly, but he agreed to pay out of the Ecuadorean treasury $10 on each 1,000 boxes of matches if the annual sales fell below...
First spark of trouble came from swart Communist Senator Maldonado. He rose in the Senate, condemned the monopoly, demanded that the Government withdraw it. Up jumped Senator Cueva Garcia to remind the Senators that if the monopoly were cancelled, Ecuador would have to repay Kreuger & Toll's $2,000,000 loan. That might be awkward. A melee followed. Somebody got a message to Garcia that a mob was waiting for him outside. Colleagues spirited him away to safety. The monopoly was withdrawn...
...Costa Rican. The bank division lists the British banks, also Chartered Bank of India, Bank of Hongkong, National Bank of Egypt and others. Imperial Chemical heads the chemical group while the textiles include Celanese, Coats and Courtaulds. Industrials include Vickers (steel), De Havilland Aircraft, Imperial Airways, Cunard, Dunlop, Kreuger & Toll, Unilever, Swedish Match, British-American Tobacco ("Bats") and Imperial Tobacco ("Imps"). Favorite of the land shares is Sudan Plantations, great Government-subsidized cotton farms. Guinness and Allsopp lead the breweries...