Word: loewensteins
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Stocks tumbled down on the exchanges in London, Paris, Berlin and Brussels, last week, to register a total loss of more than $50,000,000. Sole reason: uncertainty had arisen as to the whereabouts of Belgium's richest Jew, M. Le Capitaine Alfred Loewenstein...
...Capitaine is the burly ogre in the fairy tale of European stock manipulation. Ogres gobble. Ogre Loewenstein boasted recently in Manhattan (TIME, May 7) that the two major holding corporations chairmaned by him* have gobbled lesser public utilities and artificial silk corporations to a total...
...America right, Alfred Loewenstein, wealthy Belgian capitalist recently arrived, bought a ten-passenger Fokker cabin plane last week for $55,000. Arriving in Philadelphia on its first hop, he jumped excitedly from the cockpit, ran so close to one of its three whirring motors that his derby was knocked sideways, sat down to think things over...
Asked to reveal the "secret of his success," Captain Loewenstein amiably replied...
After a few days' quiet sojourn in Manhattan, the Loewensteins left for Chicago, Canada and the Pacific Coast, whence they will return to sail again for Europe. At the Manhattan office of J. Henry Schroder Banking Corp., banking associates of Captain Loewenstein, officials of the firm declared that at least $100,000 would be spent "without ostentation" on the tour...