Word: receivership
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Dates: during 1940-1949
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...subway's only counterpart, for measuring purposes, was London's vast and profitable Underground-a public utility with private stockholders, run by a transport board responsible to the county government. The Underground had to show a profit every year, without benefit of subsidies, or go into receivership. How did it manage...
Replied Judge Igoe: "The reorganization followed a regularly planned schedule. Why, it would have cost anywhere from $50,000 to $200,000 to have put the decision off. If we had waited until action was taken on the bill, this road might be in receivership another ten years...
...state health officer told Dr. Hayes to wait until there was an epidemic before she made a formal complaint. The Shawmut Mining Co. said they could do nothing: they had been in receivership since 1905 and in another six years the mines would be worked out and abandoned. But her father had doctored the 400-odd miners and their families for 40 years before her time and she felt responsible for them. Dr. Betty resigned...
...Dream. In the words of Caruthers Ewing, Hartford's attorney, the situation "rocked along for a while." After several months of confused dickering, Elliott's TBS blew up. It was dumped into receivership...
...biggest trouble for Henry will probably come from a Sorensen-run Willys. Once in receivership, war-rich Willys netted a healthy profit of $1,558,369 in the six months ended March 31, has $6,862,156 tucked away to build postwar autos. Most important, the jeep designed by Willys and Army Ordnance (TIME, Nov. 3, 1941) has sold itself to the world. No one doubted that Charlie Sorensen intends to duplicate the feat of Big Bill Knudsen who was squeezed out of Ford in 1921. Knudsen went to General Motors, and by booming Chevrolet sales, stole such a vast...