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...silent, however, was Attorney Stanley M. Lazarus, who promptly made good his previous threat of asking for a receivership. Charging that "mismanagement and maladministration" had resulted in "serious and threatening financial difficulties," Mr. Lazarus lamented the fact that Mr. Fox holds voting control, fixed the adjective "socalled" upon the directors. To these claims Fox Attorney Samuel Untermyer declared the action was brought by "a handful of stockholders" and that the corporation was "overwhelmingly solvent...

Author: /time Magazine | Title: Business & Finance: Rescuer Brown | 1/27/1930 | See Source »

...Straus (Brooklyn-Started in 1865 by Abraham Abraham, who was joined in 1893 by Isidor Straus, chinaware merchant), William Filene's Sons Co. (Boston-Headed by William E. Filene who unsuccessfully sought injunctions to prohibit large stockholders, including his brother, from voting for the merger), and F. & R. Lazarus & Co. (Columbus and Cincinnati-Founded in 1851). Combined annual sales will total...

Author: /time Magazine | Title: Business & Finance: Deals: Oct. 7, 1929 | 10/7/1929 | See Source »

...Hussey Macy, Nantucket Quaker, Gold Rush Forty-Niner, whaling captain and grocery store owner, founded Macy's in 1858. The original Macy store (14th St. and Sixth Avenue) embodied present Macy policies of a cash business and "odd" prices (9¢ and 18¢ rather than 10¢ and 20¢). In 1874 Lazarus Straus, who had come to the U. S. as a refugee after the German revolution of 1848, leased part of Macy's basement and opened a crockery store. Captain Macy died in 1877, and until 1888 junior partners carried on the business. In 1888 control passed to Nathan and Isidor...

Author: /time Magazine | Title: Business & Finance: Bamberger to Macy | 7/8/1929 | See Source »

...fraternal quarrel arose from Filene expansion plans. Having last winter acquired Boston's R. H. White Co. (TIME, Dec. 10), the Filene management next discussed merger arrangements with Abraham & Straus, Inc., of Brooklyn and with F. & R. Lazarus & Co., of Columbus, Ohio. Feeling that the proposed consolidation would submerge individual prominence and kudos, Brother Edward Filene secured a temporary injunction prohibiting transfer of Filene stock to the holding company which was being planned to operate the three stores. He maintained that he had been disregarded in the merger plans, that no merger should be permitted without his having...

Author: /time Magazine | Title: Business & Finance: Filene Feud | 7/1/1929 | See Source »

Across his breast was the sash of the Order of St. Maurice and St. Lazarus; he wore too the Cross of Malta and Collar of the Annunziata, which gives its wearer the right to call Italy's King "cousin." Arrayed in such dignity but brusque as ever, Benito Mussolini last week strode up the marble stairway that leads to the damasked Hall of Congregations in the Vatican.* In his pocket was a Bank of Italy check for 750 million lire ($39,225,000) and a certificate for one billion lire ($52,300,000) of Italian State bonds. In the Hall...

Author: /time Magazine | Title: PAPAL STATE: Ultimate Accord | 6/17/1929 | See Source »

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