Word: receivership
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Dates: during 1930-1939
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Describing the Hitler regime as "receivership of a broken down bourgeois order," Dorothy Thompson, wife of Sinclair Lewis, discussed the problems which the rule of the National Socialist party in Germany throw upon the world...
...Atlanta and White's offices in Cleveland too strenuous. After Ashton G. Bean was installed as president, White went to the altar with Studebaker, but a 3% stockholders' minority was unable to hold its peace forever, and the union was never solemnized. Upshot was the Studebaker receivership, the Studebaker-Pierce...
...onetime Studebaker salesman, later Studebaker dealer in Los Angeles, then (1924) Studebaker vice president in charge of sales, finally (1933) Studebaker co-receiver. As Studebaker sales manager, he adopted the "Friendliest Factory" slogan, invited all disgruntled dealers to bring their kicks to him. When the company came out of receivership, President Hoffman made an announcement "to our competitors," said, "A great majority have given us a square deal and a chance to get on our feet again. ... So thanks- and look out." Last week Studebaker competitors were looking at Studebaker's nine-month sales (30,191) which were running...
...truck maker, in 1934 turning out only 3,854 passenger cars as against 5.035 trucks. Government purchases of trucks have supplied a very substantial portion of Reo's business but passenger-car sales thus far in 1935 have barely passed last year's total. Willys-Overland, in receivership since February 1933, sold its Canadian plant, and a subsidiary in Elmira, N.Y. has been seized by the sheriff for nonpayment of taxes...
...Manhattan last week Federal-Judge Alfred Conkling Coxe saved Paramount Pictures Inc. $2,000,000. For 29 months Paramount had struggled through receivership, bankruptcy and Section 77b reorganization proceedings. Last July it emerged as a free and solvent corporation. But receivers, trustees, committeemen, lawyers, experts, banks and others sent in a $3,239,828 bill for services and expenses. Paramount was the debtor, as the law provides that "a trust estate must bear the expenses of its administration." But Judge Coxe had the authority to deny or to reduce claims, since Section 77b provides: "The judge . . . may allow a reasonable...