Word: markin
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Dates: during 1930-1939
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Since 1934, charged Mr. Dewey, the Commissioner had received $67,000 from Parmelee Transportation Co., which operates 2,000 taxicabs in New York City, through President Morris Markin of Checker Cab Manufacturing Corp., Parmelee's parent organization. In return, said the indictment. Commissioner Harnett had let Parmelee put up its own $250,000 bonding fund to save paying premiums to a bonding company, and then allowed Parmelee to "borrow" half its money back for operating expenses, while denying these special but not illegal privileges to rival companies. Arrested, fingerprinted, released on $5,000 bail, Commissioner Harnett denied all charges...
Last week in Chicago E. L. Cord, just turned 43, consented to a Federal court order enjoining him and Checker Cab Mfg. Corp.'s President Morris Markin from the "further violation" of SEC anti-manipulation provisions in their dealings in Cord company securities (an SEC charge which both men, however, denied) and simultaneously announced the sale of his entire holdings in Cord Corp. to a Manhattan banking group...
...Filed with the Securities & Exchange Commission was a curious syndicate agreement between Cord Corp. and President Morris Markin of Checker Cab, which Cord controls. This control (64,000 shares of Checker stock) is held by the syndicate, which is a polite word for pool. President Markin's interest in the pool is 6,500 shares. Last August the pool agreement, which has elaborate provisions to keep the two members from chiseling each other, was extended for five years and broadened to allow trading in securities of other taxi or allied companies, including Chicago Yellow Cab and Parmelee Transportation...
Long and bitter has been the battle between the Checker Cab Manufacturing Corp. taxi interests and Yellow Cab Co. In back of Checker has been its founder and president, Morris Markin, Chicago Russian Jew. Behind Yellow Cab has been its founder and, until last year, president, John Daniel Hertz, Chicago Austrian Jew. Last January Mr. Hertz resigned from Yellow Cab, sold his interest to Parmelee Transportation Co. Last week the onward march of Cabman Markin continued when Checker acquired control of Parmelee...
...Cabman Markin began as a tailor, entered the cab trade through the investment route. He organized Checker Cab which builds taxis, advises customers, but actually has operated no cabs itself. Although Yellow Truck & Coach Manufacturing is a big competitor, Mr. Markin probably is reassured by the fact that John Jacob Raskob is Checker's largest individual stockholder...