Word: receivership
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...capital of $2,000,000, offered to take over Missouri State Life's business. ¶Studebaker Corp. owned all the Class B shares, 152,000 Class A shares and 23,500 preferred shares of Fierce-Arrow Motor Car Co. Six months ago, when Studebaker Corp. passed into receivership (TIME, March 27), Fierce-Arrow went quietly on its normal way. Officers of Fierce-Arrow were chagrined, however, to have their pseudo-parent in receivership. Last week President Arthur J. Chanter of Fierce-Arrow announced that with the backing of George Franklin Rand, head of the Marine Midland group of banks...
...system and dumped along the lake front. Despite all this the tunnel system went upon the rocks in 1912, had to be reorganized. Sherman Weld Tracy, former railroad man, then fortyish, now sixtyish and grey-haired, was put in charge. Since then he has kept the tunnels out of receivership but it is no secret that they have never been a very profitable venture. Meantime Ogden Armour and E. H. Harriman are dead. Their widows are today two of Mr. Tracy's biggest stockholders, and John J. Mitchell, Mrs. Armour's son-in-law, is vice president...
...labor troubles and ups & downs in business have more than once given the Rockefellers cause to regret their Colorado investment. Last week Colorado Fuel & Iron gave the Rockefellers one more cause for regret: with other steel businesses doing nobly, Colorado Fuel & Iron defaulted on its bond interest, passed into receivership...
...Glen Cove, L. I. Having been for a time personal attorney to Oil man Harry Sinclair, he became the head of Oklahoma oil interests valued at $70,000,000, helped organize Middle States Oil Corp., gambled in oil stocks. His bub ble broke when Middle States went into receivership. The courts investigated, dis covered that the firm's books had been shipped to Paris. Oklahoma's Haskell saw his Long Island estate auctioned off, went back west to recoup his fortunes...
Bonner's case was summed up by famed Frank J. Hogan who then had to dash to California to defend his oldtime client. Oilman Edward L. Doheny, in a Richfield receivership suit. Most work for Bonner was done by Lawyer Hogan's smart son-in-law John W. ("Duke") Guider...