Word: receivership
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...receivership, into bankruptcy court went funny Judge last week with its $500,000 debts (TIME, March 14). Also in court appeared Publisher Clair Maxwell of Life, Publisher George T. Delacorte Jr. of Ballyhoo and a half-dozen lawyers representing unknown clients to bid for the purchase of the magazine. None of them got it. Instead the staff of Judge, headed by Publisher Fred L. Rogan, raised $17,000 cash among themselves, got their magazine back again free of debt. Immediately the staff set to work upon next week's issue, promised there would be no lapse of publication. Reputedly...
Grand-Silver Receivership, Receivers last week took over the 115-store chain of F. & W. Grand 5?-10?-25? stores and the 49-store chain of Isaac Silver & Brothers Co., Inc. Both companies are owned by F. & W. Grand-Silver Stores, Inc. which last year had consolidated sales of $37,000,000, listed its assets...
Irving Trust Co. faced its funny new task with equanimity last week, announced that the magazine would continue publication under its present board of funnymen, including Drama Critic George Jean Nathan, Bridge Expert Sydney Lenz. With their help Irving Trust hopes to pull Judge out of receivership...
...With receivership in the offing. Indiana's bond and stockholders lately formed protective committees. Last week they devised a plan of reorganization which will result in $1,500,000 new capital for their enterprise...
...Receivership for G. T. E. With International Projector Corp. and other cinema equipment companies as a nucleus. General Theatres Equipment, Inc. was formed in 1929 by Harley Lyman Clarke and associates. In 1930 G. T. E. startled Wall Street by obtaining control of Fox Film Corp. Mr. Clarke, who had previously regarded cinema business as a hobby, became a big figure in the industry. To finance itself. G. T. E. sold $30,000,000 worth of debentures in April 1930. Last week, with cash low and $22,000,000 in notes nearing maturity, G. T. E. could...