Word: receiverships
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Idaho Copper went into receivership in 1929, was pulled out, then slipped in again in 1932. Its stock last sold in 1931 at 2/5 of 1? a share. Its production is nil. Colombia Emerald has some emeralds but its mine in the Department of Boyaca, Colombia is closed and its shares were lately quoted...
...shown that this cannot be relied upon"; 2) relieve the railroads from the operation of all Federal and state anti-trust laws; 3) continue and expand a liberal government lending policy until private capital can be obtained; 4) reorganize the 44,000 mi. of railroad now in receivership or bankruptcy with a sharp reduction in their fixed charges; 5) enact legislation for the I. C. C. to compel consolidations; 6) revise the clause in the Emergency Transportation Act limiting any reduction in the number of railroad employes...
...founder of big Minnesota & Ontario Paper Co. lately write the unhappy holders of his defaulted bonds. But Founder Edward Wellington Backus was unhappier than his bondholders. Unable to refund a bond issue, the $100,000,000 paper company in which he owned 90% of the common stock passed into receivership in 1931. Founder-President Backus was later ousted as sole receiver by bankers who put in two of their own co-receivers. They promptly sued Founder Backus for $7,000,000. That was too much for Founder Backus. Last week in Minneapolis he launched a mighty campaign for a comeback...
...your Jan. 1 issue, under the heading Education, you discuss the receivership of Chautauqua Institution, Chautauqua, N. Y., and I am listing herewith some of the errors which this article contains...
...government, bestowed upon us by centuries of human struggle, should not be so hastily scuttled. "In the public press you are credited on a number of occasions with stating that you were going in as receiver of the City of New York and that the city is in virtual receivership and on the verge of bankruptcy and financial chaos. . . . The City of New York is not in receivership; it is not on the verge of bankruptcy." Point of Governor Lehman's vehemence was that he himself had sat down last summer with Manhattan bankers and arranged for loans...