Word: martinisms
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Dates: during 1930-1939
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...manager of utilities he had the admiration of most businessmen. All that was undone by his bad management as a corporate manipulator which cost investors some $750,000,000. After the debacle came the nemesis of the Law. The Charges. First the State of Illinois got busy. It indicted Martin Insull thrice for embezzlement...
...Samuel Insull twice for having permitted it. The details of these charges are known for they had to be explained in order to extradite Brother Martin from Canada. One typical accusation: Washington Flexner had a private brokerage account through which he performed various trades for his business associate Martin Insull. In October 1931 the brokers objected to the use of Insull Utility Investments & Corporation Securities stock as collateral behind Martin Insull's transactions. Flexner went to Martin Insull, who had Middle West Utilities Co., of which he was president, give Flexner checks for $344,000 to buy the collateral...
...Government auditors on the books and records of the Insull companies hunting for crime, had photostatic copies made of numberless letters, envelops and documents. In February 1933, after five months' work, the U. S. got an indictment against Samuel Insull et al. The "al." included Sam Jr., Martin and 16 of their associates and friends. The charge was using the mails to defraud; that is, selling the securities of Corporation Securities Co. through the mails as "a good safe and sound investment," whereas they knew the securities were not as represented. The indictment is in general terms, the Government...
...Martin Insull was extradited from Canada on the State indictments for embezzlement. He can only be tried on one of three indictments and part of another because those were the only ones on which Canada agreed to his extradition. He cannot be tried on any of the Federal indictments unless he is released, sent back to Canada and re-extradited, an unlikely procedure...
Success at Any Price (RKO) is a manual of futility, bitterness and despair, adapted from John Howard Lawson's play Success Story and designed to bludgeon home Hollywood's maxim that money is not everything. Joe Martin (Douglas Fairbanks Jr.) is prompted by the death of his gangster brother to leave the East Side and rise in the world. Helped by his sweetheart Sarah (Colleen Moore), he gets a job in an advertising agency. His success soon begins when with the aid of a dictionary he turns out better copy than a college-bred rival. By dint...