Word: receivership
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Dates: during 1940-1949
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...Eureka for exploration trips in the Louisiana bayous, later tried it on the Amazon, in the Persian Gulf, in the Far East. But it took war to put A. J. Higgins into the big time. His Higgins Industries, Inc. (70% owned by A.J. and his family) went into receivership in July 1931 with a total plant and equipment account of $2,565. As late as 1935, the company's total sales were only $87,000. But the next year the U.S. Engineers Corps gave him an order for two river steamer inspection boats. By 1939, A.J. was making Eurekas...
...outwitted, outsold and outearned most U.S. merchants. While Sears, Roebuck and Montgomery Ward boosted combined sales from 1930's $600,000,000 to 1940's $1,219,000,000, department-store volume slumped 9%. While mail-order profits jumped sky-high many a department store plopped into receivership...
...chosen, would do a lot towards restoring the shattered confidence in Cambridge government. With a local politico as "professional" manager, (even James M. Curley's name has been seriously mentioned for the job), Cambridge would have two strikes at the very ouset and one more might lead to a receivership...
...long-term plans to dehydrate the capital structures of bankrupt railroads last week ran afoul of the Treasury's plans to wring more taxes from industry. Chairman John Samuel Pyeatt of the Missouri Pacific Railroad-in receivership since 1933-sent a letter to 40,000 bondholders, urged them to reject the ICC-sponsored reorganization plan...
Paramount Pictures, declared Joseph Patrick Kennedy, "is a chain of incompetent, unbusinesslike and wasteful practices" for which another receivership seemed inevitable. That was five years ago. Last week Paramount stockholders got their third-quarter report: profits were $3,071,000, highest since 1930 and almost double the $1,726,000 cleared a year ago. More significant, this net was twice that of archrival Loew's Inc. After ten years of tussling, Paramount was again the biggest money-maker in show business...