Word: receivershipped
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Borrowed Horses. Denver's U.S. National Bank, which had lent Ward a total of $476,000, made an inventory last summer of Ward's stock of cars to see if it jibed with his statement to the bank. It didn't. U.S. National threw Ward into receivership, discovered that his $539,000 of "accounts receivable" consisted of money that Ward owed to his own company. J. K. Mullen Investment Co., which had gladly lent Ward another $200,000, also tumbled into receivership...
Forced into receivership last August, Detroit's 92-year-old packing house, Hammond Standish & Co., just closed down; the banks which had made heavy loans were baying too loudly. But the company's 325 employees, many of whom had been with it all their working lives, loyally decided to put the company back on its feet. A month ago, 175 of them went back to work under an agreement to collect no wages in the first two weeks, be paid after that only if the firm was back in the black. Last week President Joseph Strobl announced that...
Signature Magazine officially fell into the receivership of the Radcliffe Student Council at yesterday's Council meeting and will publish its farewell issue under a special committee in a final effort to decrease its $600 debt...
From the $37,500,000 in loans he had received from RFC, Lustron Corp.'s President Carl G. Strandlund had paid himself a salary of $50,000 a year. Last week, after RFC had forced defaulting Lustron into receivership, Receiver Clyde M. Foraker's first act was to fire Strandlund, two $25,000-a-year vice presidents, and two other officers drawing $25,000 between them. Ex-President Strandlund had no immediate plans. Said his attorney: "Mr. Strandlund is resting." Unless a way is found to operate Lustron profitably, the next step would probably be liquidation...
...Cornell-trained ('13) chemical engineer, John got his first good job at 25, running a brass mill to make shell-casings during World War I. In 1931, when New Haven's Winchester Repeating Arms Co. went into receivership, John spotted a chance to supplement the Olin cartridge line by buying one of the world's biggest sporting-firearm plants for $8,000.000. Since he likes to hunt, John has since neatly combined business with pleasure. He holds some 20 basic cartridge patents (e.g., Western Cartridge's "Super X" long-range load for small arms...