Word: receivershipped
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...autumn Mr. Clarke was relieved of the presidency, made chairman. In his place was put his good friend Edward Richmond Tinker, also friendly with Chase National Bank (TIME, Nov. 30). Last week Mr. Tinker assumed the chairmanship and Mr. Clarke resigned, remaining as a director. With General Theatres in receivership, control of Fox now rests with Chase National rather than with G. T. E. and Mr. Clarke...
What directly threw Middle West into receivership was $4,000,000 unsecured notes in the hands of the public, the first $10,000,000 of which would fall due June 1. Besides this obligation, Middle West owed the banks $30,000,000. If bankers forced the receivership, it was New York bankers, not Chicagoans. Although the Chicago banks may have Mr. Insull's personal fate in their hands because of the receivership of the Insull trusts investment, it is strong New York banks which are owed most money by Middle West...
...refer to him as The Marster, designed an international peace flag, and had a 24-story apartment house-museum put up in Manhattan in his honor. Last week came a check. Because of failure to meet interest on mortgages totalling $2,075,000, Roerich Museum Inc. went into receivership. A committee hastily explained that this would affect only the building; the museum's work would continue...
Voluble Edward Stanlaw Jordan, president of Jordan Motor Car Co. (in receivership), waved a 5? cigar at a newsman in Cleveland and told of his impoverishment. "For a time I was simply crushed. I hardly knew what to do. If the news got around to the Mayfield Club or Pepper Pike Club that I had lost my step-ins, think what would happen to my social standing. . . . But the best philosophy I ever heard can be expressed in three words - 'don't kid yourself.' That realization helped me to cure my Depression." Because clergymen objected, a playlet...
...water tap in your bathroom. If you travel by airline anywhere in Europe the odds are 2-to-1 that the name of Junkers is on your plane. Last week the Junkers name was in world-wide headlines. The Junkers Aircraft Company was on the verge of receivership...