Word: receiverships
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...there came something hopeful. The Legislature passed the first of six measures designed to break up Chicago's $250,000,000 tax jam and release $30,000,000 to the teachers. The bill provided that the county treasurer may take over properties delinquent in taxes, operate them in receivership until income is produced to pay the taxes...
...spring the company produced mainly for exhibition purposes a $10,000 "Silver Arrow" model without exterior gadgets (spare tires, luggage rack, etc., etc.), with enclosed wheels and scientific streamlining to reduce wind resistance 35%, hailed as forecast of the cars of 1940. Fierce-Arrow is not affected by the receivership of Studebaker which owns a block of Fierce-Arrow stock, for Fierce-Arrow has its own capital structure, no outstanding bonds. Only major obligation is a $2,000,000 note...
...first railroad to seek salvation through the new bankruptcy law rather than receivership. Enacted to permit roads to scale down top-heavy debt structure quickly, cheaply, thoroughly, the law is expected to fit neatly into President...
Brentano's, Inc., largest retail book chain in the U. S., passed into receivership. Gross sales last year were reported "about $1,500,000" as compared to $3,000,000 in "a good year." Cause for the receivership was the petition of seven publishers to whom Brentano's owed sums up to $19,000 each. For some time the firm has been operating on a standstill agreement providing the freezing of some $375,000 owed to publishers. Last week two or three publishers grew restless. Receivership followed. Other publishers pointed out that if Brentano's were forced...
Bush Terminal. Receivership for Bush Terminal Co. last week put an end to the confused controversy between Founder Irving Ter Bush and the management that succeeded his (TIME, March 27). Two outsiders, James C. Van Siclen, official referee for the New York State Supreme Court, and C. Walter Randall were appointed temporary receivers...