Word: receivershipped
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...guaranteed mortgage company, The Philadelphia Co. for Guaranteeing Mortgages, which collapsed in 1933 and is not to be confused with the venerable Pennsylvania Co. for Insurances on Lives and Granting Annuities. At the time Philadelphia Co. F. G. M. went under, its officials prepared the receivership petition, took it to the home of a Federal judge in Easton, Pa., secured appointment of themselves as receivers. The fallen company was apparently in efficient hands and most Philadelphians gradually forgot about its troubles. Among those who did not forget were the thousands of investors, nearly one-half of them women...
YOUR SENSE OF FAIRNESS SHOULD CAUSE YOU TO WISH TO CORRECT A REFERENCE TO THE KNOXVILLE JOURNAL IN THE SEPT. 7 ISSUE OF TIME YOU SAY JOURNAL THREE MONTHS AGO GOT OUT OF RECEIVERSHIP WITH THE HELP OF REPUBLICAN MONEY THE FACT IS THE PAPER GOT OUT OF RECEIVERSHIP OVER FOUR YEARS AGO RECENT PURCHASERS ARE LOCAL DEMOCRATS AND REPUBLICANS. THE PAPER HAS BEEN TRADITIONALLY REPUBLICAN IN NATIONAL AFFAIRS AND WILL CONTINUE TO BE REPUBLICAN. NO OUTSIDE REPUBLICAN MONEY USED IN PURCHASE...
...declares that Chattanooga is tired of the radical policies of the News, whose Editor George Fort Milton (The Age of Hate) is notably "agin" the local power company. The Free Press is as ardently pro-Landon as the nearby Knoxville Journal, which three months ago got out of receivership with the help of Republican money. According to Publisher McDonald, he owes only $60,000 for the modern presses and equipment he has installed. Delivery of the enlarged Free Press requires no new outlay of funds. Publisher McDonald uses Groceryman McDonald's trucks...
...Receivership and bankruptcy proceedings riddled this catch-all with holes through which slipped many a subsidiary by foreclosure and receivership. Over-capitalized at nearly a billion dollars, Middle West Utilities was reorganized into Middle West Corp., remained the groggy skeleton of a Midwest power empire which still included 44 active subsidiaries giving electricity, gas, ice to 2,100 communities in 15 Midwest States and Ontario, Canada. For this empire Middle West's creditors and stockholders fought bitterly for three and a half years in Chicago's Federal District Court. Winners were the banks who for their secured loans...
...keep Utilities Power & Light from teetering over the brink of disaster. At one time its debentures sold as low as 22? on the dollar. Nevertheless, Promoter Clarke, who is still Utilities Power & Light's president, managed to scrape together enough cash on every interest date, thus avoid receivership or reorganization...