Word: mcnutt
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Dates: during 1950-1959
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...sale in Wall Street last week was an over-the-counter stock with an impressive name: American-Canadian Uranium Co., Ltd. Even more impressive were the company's top officials. The president was white-haired, handsome Paul V. McNutt who, as War Manpower Commissioner and High Commissioner to the Philippines, was a king in the New Deal deck. Vice President was Josiah Marvel Jr., onetime Ambassador to Denmark and recently appointed by President Truman to the International Claims Commission. McNutt, Marvel & Co. hoped to sell 500,000 shares of American-Canadian stock at $3.50 apiece (par value...
Young and Hirshhorn, Goldstein said, had come into the McNutt company by virtue of a deal with a Canadian company called Pax Athabasca Uranium Mines, Ltd. which Young and Hirshhorn control. Last summer they swapped the company's Saskatchewan land claims for 1,800,000 shares of American-Canadian. News of the swap, said Goldstein, had sent Pax Athabasca's stock soaring (recent price: $28 v. 5? in 1949). Counting the shares in American-Canadian Uranium held by Pax Athabasca, said Goldstein, insiders owned 83% of American-Canadian's stock. All told, they...
...cryptic statement last week, Chaplin's office announced that U.A. had been sold. The buyer was a syndicate "of Eastern investors," whose front man was Paul V. McNutt, ex-U.S. High Commissioner to the Philippines and former chairman of the War Manpower Commission. Neither McNutt, Mary or Charlie would disclose the terms, but Hollywood gossip was that McNutt & friends: 1) had agreed to pay some $5,000,000 for the company; 2) hoped to produce films on their own; and 3) were dickering to hire independent Producer Stanley (The Men) Kramer (see CINEMA) to boss production...