Word: receivership
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Dates: during 1920-1929
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...long-drawn-out debate about the immediate future of the Chicago, Milwaukee & St. Paul R. R. (TIME, Mar. 23) came to a quick and decisive end last week when the line was suddenly placed in a receivership...
...payment. The St. Paul cannot hope to refund this issue by going direct to its shippers as the New Haven has recently done, and must therefore look to its bankers- Kuhn, Loeb & Co. and the National City Bank. Whether the road is due for a receivership this spring is unknown in financial circles. But the drastic decline in St. Paul stocks and junior bonds indicates Wall Street's opinion that all is not well with the great northwest carrier...
...Paul, as the latest comer, has fared worst in competition. President Harry E. Byram naturally is preserving as cheerful a countenance concerning the approaching bond maturity date as he can; and even yet the bonds may be extended or exchanged in some way so as to avoid a receivership. But, since the immediate crisis is financial, the real future of the St. Paul is probably in the hands of two bankers, Jerome J. Hanauer of Kuhn, Loeb & Co., and President Charles E. Mitchell of the National City Bank of New York. Neither very naturally will talk for publication, and whether...
Roald Amundsen succumbed last week, not to the rigors of nature, but to the rigors of man. In his native Christiania, he filed a voluntary petition in bankruptcy and asked for a public receivership, believing that he is solvent. Some time ago (TIME, July 7, AERONAUTICS) he was unable to pay for two airplanes which he had ordered for a polar flight...
Meanwhile, the Company countered by obtaining a Federal Court receivership in New York. Judge Julius M. Mayer, Robert L. Morrell and President Thomas E. Wilson were appointed receivers on a claim of $5,943 by the John Eiszner Co. The question now remains, Which set of receivers will be left to manage the business? Mr. Klein will, of course, endeavor to have the New Jersey receivership gain supreme control. The Wilson Co.'s aim is to have the three Federal receivers manage assets in New York and Illinois, with ancillary receivers in other States where the Company has important...