Word: peretz
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Dates: during 1930-1939
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...late Roland M. Smythe began buying old Southern bonds that were considered worthless. But some of them proved valuable. In 1904 he published Smythe's Valuable Extinct Securities Guide. Last week Otto Peretz Schwarzschild, who bought the business in 1930, brought the guide up to date. Listed were 5,500 such extinct securities as those of Amethyst Mining Co., Kowkash Holdings, Ltd., Unique Operating Co. Announced Mr. Schwarzschild: "While the activities of the SEC have curtailed the output of sour securities, it will be a long time before the obsolete security business faces extinction...
Present owner-president of R. M. Smythe, Inc. is German-born Otto Peretz Schwarzschild, bald, brown-eyed, proud of the fact that the Schwarzschilds and the Rothschilds-were for generations neighboring banking families of Frankfurt-am-Main. Founder in 1928 of National Statistical Service, Inc., Mr. Schwarzschild still supervises the annual publication of famed, authoritative American Underwriting Houses and Their Issues. Believing that the obsolete security business begun by Mr. Smythe needs to get beyond Wall Street and the Produce Exchange into the attics and safe-deposit boxes throughout the East, Mr. Schwarzschild last week announced a campaign to arouse...