Word: receivershipped
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...above inspecting ash pits when he reached the top (see cut), was still a major executive without an executive post when he went on Katy's board of directors last year. With him went William Marcus Greve, onetime president of New York Investors, Inc., now in receivership, who is under indictment for using the mails to defraud. Arthur Atwood Ballantine, President Hoover's able Undersecretary of the Treasury, was elected a director of New York Life Insurance Co. Harvard-graduated, an expert on taxation, he remained at the Treasury at the request of President Roosevelt until last...
...Federal Communications Commission, Dr. Splawn eyed the $5,000,000,000 American Telephone & Telegraph System with deep suspicion, recommended that it be investigated. His suspicions were based largely on his study of Associated Telephone Utilities Co., an independent about one-fiftieth the size of A. T. & T., now in receivership. ''What is disclosed by the examination of the Associated Telephone Utilities Co. is in my judgment but typical of what may occur under existing laws," wrote the Commissioner...
Last year Irving Ter Bush, founder of Brooklyn's big Bush Terminal Co., regained control of his corporation after a long, confused, mysterious proxy battle (TIME, March 23, 1933). Few weeks later Bush Terminal subsided into receivership. Last fortnight the receivers asked Mr. Bush to resign as head of the various subsidiaries (which are not in receivership). Mr. Bush angrily refused. Last week the receivers, voting the stock in the subsidiaries, unceremoniously ousted Mr. Bush, put in their own managements. Irving Ter Bush retained the dubious title of president & chairman of the parent company, whose affairs are dictated...
...Chicago Insull's kingly past last week interested Federal Judge Walter C. Lindley, grilling Chicago bankers to see whether fraud had been practiced in getting him to grant a receivership to Insull's great Middle West Utilities Co. Bankers described the uneasy last days of secret meetings and suspicions before the April 1932 crash of Insull's jerry-built Jericho. Said the First National Bank's executive vice president, slow-spoken, huge-shouldered Edward Eagle Brown: "We didn't discuss all this in Mr. Insull's presence. He was the most dominating...
After reiterating what TIME reported, i. e. that Chautauqua had been placed (but not "laid to rest") in friendly receivership, Press Agent King adds the following points: Chautauqua's religious department, interdenominational, is headed by Chicago University's Dean Shailer Matthews. The Chautauqua Woman's Club "presents a program of noted character. Its outstanding event for 1933 was its reception to Mrs. Franklin D. Roosevelt, when 6,000 persons were present." Chautauqua Literary & Scientific Circle is the "oldest book club in America today." Chautauqua music lovers hear their own symphony conducted by Albert Stoessel. a Little Symphony...