Word: matchman
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Dates: during 1930-1939
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...When Matchman Kreuger put a bullet through his heart last March, Sweden knew that he had been a contributor to Premier Ekman's People's party. Sweden did not know that a month earlier Ivar Kreuger had sent the Premier a personal check for 50,000 kroner from Manhattan. Ten days after that check was dated Premier Ekman had called a night session of the Riksdag, had forced through a 16,680,000-kronor appropriation for Swedish Match Co. and Kreuger & Toll. Recently Premier Ekman has been questioned again & again about entries after his name in the Kreuger...
...Briand, while 500,000 Parisians reverently stood in the Champs Elysée intent upon the Peach Man's funeral, a large pistol went off in a luxurious apartment nearby. No one heard it except Ivar Kreuger, the "Swedish Match King," the self-made colossus of Scandinavian finance. Matchman Kreuger was putting a bullet into his heart for business reasons (see p. 45) and for human reasons. His nerves were drawn so taut (he had suffered a nervous breakdown recently in New York) that to release the strain was welcome, sweet. His physician had warned him the day before...
Although by the early 1920's Swedish Match had a firm hold on the world's markets, Matchman Kreuger wished to make it impregnable. He saw an opportunity in the unsettled financial condition of most of the world, realizing that cash-poor nations would grant match monopolies in return for loans. The first loan was to Poland in 1925 and consisted of $6,000,000. Greece followed and then France offered a match monopoly for a loan of $75,000,000. This large financing was accomplished through the sale of $50.000,000 worth of International Match bonds...
...While Matchman Kreuger made no matches in the U. S., he raised much cash there. Through his U. S. bankers, Lee, Higginson & Co., the Kreuger companies floated about $200,000,000 worth of securities in the past few years. These issues include an issue of participating Kreuger & Toll debentures which are listed on the New York Stock Exchange. For some months the Kreuger securities have been weak and on his last visit Ivar Kreuger spent much time consulting with market manipulators. Last week the Kreuger & Toll shares were especially weak, dropping from $7? to $5 on tremendous volume...
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