Word: receiverships
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...Merchant Siegel and the indomitable Corsican there were resemblances, real and fancied. Christmas 1913 brought Merchant Siegel to his Waterloo. His credit was expanded as far as possible; only a good season could have pulled him through. There was little buying that year. In January 1914, he went into receivership. Then there arose one of the great scandals of that time. Merchant Siegel was shown to have used funds on deposit with him, to have so falsified his books that expert accountants despaired of ever unravelling them. The next year he went to jail and wept when, because...
...agree on how to effect it and when, but as a principle it is their credo. No curtailer, it seems, is Oilman Julian. He has defied the rule, let his oil wells gush richly. Last week the Attorney General threatened and abandoned a plan to put his company into receivership to force compliance with the state proration order. Said Mr. Julian: "It's the bunk." On the surface last week it seemed his victory. For the list of 73 officials of 59 companies cited for violating the curtailment agreement by the Oklahoma Corpo ration Commission did not include...
...Warner ailment was a suit for receivership, brought by a 300-share Boston stockholder who alleged mismanagement and excessive prices paid for real estate and theatres. President Harry M. Warner immediately declared that the suit was solely for the purpose of driving the stock even lower than it has been...
...track between Chicago, St. Louis and Kansas City. Mine products are its chief traffic, 40% of its tonnage. In 1922, sapped by Government control, burdened with a big funded debt, hampered by strikes in its shops, weakened by loss of business owing to coal strikes, the line tumbled into receivership, has lain there ever since. But its equipment has been kept in better than average condition, its double tracks between Chicago and St. Louis transport about half the passenger traffic there...
...Empire Steel. In scope and assets the company is second only to the Dominion's two railroads. Practically the entire industrial life of Nova Scotia depends on it. Yet the task has been tremendous. A great funded debt, some of it with large accrued interest, preferred stock in arrears, receivership suits and bank liens have complicated the problem. And added to this has been the rivalry between the steel and coal interests, each fearful of the other. A pleasing coincidence to Englishmen was the fact that strong hands in both England and Canada should simultaneously come to the rescue...