Word: receivershipped
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...About your story on Courtland Gross, I raised half of that $40,000 to buy the company out of receivership in 1932, at the bottom of the depression, and served as a director during the formative years. As a close personal friend of Bob Gross from childhood, may I add that only a genius could play second fiddle to his inspiring brother all those years-and in the end rise to greater heights...
...Sage gave away some $1,000,000 in La Crosse bonds as bribes to state officials, legislators, newsmen in an effort to have awarded to the railroad a major part of the Wisconsin land grant. When the bribery was exposed, he arranged to put the La Crosse into receivership (Sage men were of course the receivers), then created the new Milwaukee & Minnesota Railroad Co., which succeeded to the assets, but not the liabilities, of the La Crosse road. His personal investment was probably limited...
...nation's second largest steel company before he and Widow Amelie Thyssen, his principal stockholder, split in a disagreement over policy. With the $600,000 settlement that he received after resigning, Goergen bought into Henschel, a once mighty steam-locomotive maker in Kassel that had sagged into receivership because it had underestimated the diesel locomotive...
...badly tarnished by recent scandals. Top officials of three S. & L.s in California and three in Chicago have been indicted on charges ranging from embezzlement to making fraudulent loans. Six associations in Illinois have been liquidated, taken over by authorities or forced to merge; 22 in Maryland are in receivership, and federal officials say that about a dozen others around the nation are "in trouble." Though no depositors have lost money-thanks to federal deposit insurance-the sour publicity frightened away customers...
...comic novel succeeds if it is funnier than its own dust jacket, and Elliott Baker's A Fine Madness meets this difficult test nicely. It is not likely that the publishers will be sent into receivership by losses suffered making good the guarantee. Yet, for the worst of reasons, it is impossible to praise this likable first novel without hedging...