Word: receiverships
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Though the Paramount deal was Mr. Odium's first try at underwriting, it was by no means his first venture into the film business. Atlas already holds sizable blocks of old Paramount stocks & bonds acquired literally at receivership prices. Last year Atlas helped distribute in England some of Chase National Bank's big but involuntary investment in Fox Film...
...ludicrous end last week. It began immediately after Banker Meyer bought the decadent Post at auction from the McLean estate two years ago. Until then the Post had carried, exclusively in Washington, the comic strips of Andy Gump, Winnie Winkle, Gasoline Alley, Dick Tracy. While the Post was in receivership, smart Editor Patterson deftly slipped in, snapped up the comic strip contracts for her Herald. Into court marched irate Publisher Meyer, insisting that the old contracts (with Chicago Tribune Syndicate) belonged to him alone (TIME, July 24, 1933). For the next 20 months, while lawyers wrangled, injunctions were issued...
...believer in a flat World and often prophet of its imminent end. the world which he had spent 25 years in building last week crumbled. Zion's voters defeated all but one of his candidates for local office. Creditors of Zion Industries and Institutions Inc., bent on a receivership reorganization which would exclude Voliva from all share in its management, had him haled into Federal court...
...friends in the cinema industry. Most of the employes on the Warner lot, where her contract has another year to run, believe her husband is a millionaire connected with S. W. Straus & Co. ("44 Years Without a Loss to Any Investor"). W. Straus & Co. is in receivership. Claire Dodd's husband is actually Richard Straus, a Los Angeles realtor of moderate means. She likes large dogs and owns a Pomeranian. In her screen career, prior to The Case of the Curious Bride, she has always been cast as a siren. In private life, she teaches Sunday School once...
...Even when a railroad goes into receivership, it usually continues to pay interest on underlying mortgages. When it cannot do that it generally honors its equipment trust issues so that it will not lose its rolling stock.* So deep in receivership is Seaboard Air Line (mileage: 4,309) that last week it submitted to the courts a reorganization plan not only to adjust the interest on underlying bonds, not only to refund equipment trust maturities, but even to refinance receivers' certificates, which take precedence over every other outstanding security...