Word: receivershipped
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...younger Vanderbilt was forced to asknowledge publicly that he was in financial difficulties and to call for aid-$300,000-to keep his three papers running. Soon afterwards his San Francisco paper, the Illustrated Herald, suspended publication, and his Los Angeles paper, the Illustrated News, went into receivership. Last week his Miami paper, the Illustrated Tab, failed to appear. The owner of its offices had taken legal measures to oust it for failure to pay rent. The same day that word of the suspension came to the press, a despatch from Paris announced that General Pershing, arriving in France...
This three-quarter-of-a-billion road was forced into involuntary bankruptcy 14 months ago by creditors with a $125,000 coal bill, an incident sufficient to precipitate a receivership imposed by the Federal Court in Chicago, also investigation by the Interstate Commerce Commission...
...investigation is peripatetic. The members have been sitting in Manhattan, where they, these past three weeks, have been quizzing such notables as Percy A. Rockefeller (TIME, April 19) and John D. Ryan, seeking to learn the causes which enforced the receivership. So far the most curious, though perhaps not the most important point disclosed, is that Rockefeller and Ryan both like free railroad passes. Soon the hearings will move to Chicago, and later to the Pacific coast...
...receivership has lasted only a little over two weeks. No suspicion of illegal or unethical practices has existed, the insolvency having been plainly caused by a shrinkage in value in the firm's assets, notably in its holdings of stock in the Rosenbaum Grain Corporation...
...real terminal facilities at New York, Chicago or St. Louis. To make something of the line, it consequently became necessary to expand it. First they went after and acquired (for $750,000 cash and $2,250,000 credit) the "Clover Leaf" (Toledo, St. Louis & Western), then in a receivership. Next, the brothers acquired from the New York Central the Lake Erie & Western ($500,000 cash and $2,500,000 credit). In 1923, the Interstate Commerce Commission approved these minor consolidations, from which the present Nickel Plate system has resulted, with the Van Sweringens still firmly in control. By selling...