Word: moultons
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Hupp has this month rid itself of Promoter Archie Moulton Andrews, director and holder of various stock options and commissions dependent upon sales increases (TIME, April 15). Said Federal Judge Arthur J. Tuttle of Detroit in voiding these contracts: "Andrews' conduct was so bad that it seriously seems necessary to attribute all his conduct to an unbalanced mind and a dishonest mind. I cannot account for his conduct on the basis of one of those attributes alone. Acts of Andrews . . . had to do almost entirely with getting money out of the corporation...
...Compromised out of court was the suit to oust Chairman Archie Moulton Andrews from Hupp Motor Car Corp. (TIME, March 11). At the suggestion of a Federal judge in Detroit the warring factions settled on a board consisting of one-half pro-Andrews directors, one-half anti-Andrews. Named as president was Vern R. Drum, oldtime Chrysler man who has lately been Hupp's production manager. Meantime in Washington in hearings on the New York Stock Exchange's request for permission to de-list Hupp stock, the Securities & Exchange Commission continued to quiz Promoter Andrews on his involved...
Milton Machinist '37, Kenneth MacLeish '38, Adolf W. Marburg '37, Henry O. Marcy '37, Richard B. Mather 1G., Daniel W. Meyer '36, Gardner Middlebrook '38, Frederick Miller '37, James L. Morrison '38, John K. Moulton '36, Constantine G. Orfanos 1G., Oglesby Paul '38, John W. Perry '37, Thomas Perry, Jr. '36, Marcy S. Powell 1G., Edward H. Porter '38, David R. Lit '38, M. Victor Leventritt...
...company which accounts for less than 1% of the total U. S. automobile business, Hupp Motor Car Corp. makes an astonishing amount of financial news. For several years most of the news concerned the strenuous efforts of Archie Moulton Andrews, Hupp's biggest stockholder, to oust the old management. By last autumn Mr. Andrews was safely intrenched in the Hupp offices as board chairman, but peace failed to follow. Just as strenuous efforts were promptly launched to oust Mr. Andrews. And by last week the shrewd, breezy archpromoter, who does most of his work in a labyrinth of lawsuits...
...order. Mr. Drake, who served as Assistant Secretary of Commerce when Herbert Hoover headed that Department, also obtained a temporary injunction restraining the Hupp directors from carrying out the same contracts & options that bothered the Stock Exchange. His charges were that the contracts & options were drawn largely for Archie Moulton Andrews' personal benefit...