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...member of the Berlin Magistral recently stopping in for a Heissgetränk (hot brew) at an ancient, smoke-blackened wine cellar saw a sight that made him rub his eyes. Around a table sat a group of middle-aged men, some bemonocled, some with pince-nez, all with wide silk bands of green, white and gold across their chests. Before them stood an elaborate, gold-fringed banner with the same colors, and beside it lay a wooden mallet covered with faded signatures. Meeting here amid Berlin's ruins was a chapter of Saxo-Borussia, one of the most...
...nköping Yun'-kiup...
...biggest fortunes-and the shady fortunes-were mostly made outside of the U. S. in countries which remained neutral. Before 1913 the Swedish match business was divided between a great number of small individual match factories and the large combine of Jönköping. Just before the War Ivar Kreuger had managed to combine the smaller companies into the United Swedish Match Factories, with a capital of four million kroner. This company, like its rival Jönköping, was faced with War-created difficulties in getting raw materials. But Kreuger made deals with belligerents, guaranteeing...
...December 1917, the new combine had built itself up to the point of amalgamating with Jönköping on very favorable terms. The new trust, called the Swedish Match Company Ltd., was capitalized at 45 million kroner, and Kreuger emerged as boss. Faced with renewed competition after the War, Kreuger took advantage of depreciated currencies to buy up match factories and real estate in Poland, Belgium and Germany. He emerged from the War as the match king of the world-to fail and go crooked in the 1929 depression...
Last week the stockholders of Swedish Match Co., meeting at Jönköping, Sweden, approved a new stock issue of 1,100,000 Class B shares. Next day Manhattan newspapers noted briefly that a readjustment plan proposed last April for Kreuger & Toll debentures had been accepted by the U. S. holders. These two occurrences meant that at last thousands of investors could be sure of realizing something on the colossal wastebasket of international paper spilled by Ivar Kreuger when he shot himself in Paris in March 1932. With the $2,500,000 contribution which Swedish Match will...