Word: receiverships
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...having walked under a ladder and presided at a 13-course luncheon of the 13-membered Anti-Superstition Club on Friday, Jan. 13, to defy Bad Luck, skeptical Sidney Nicholas Strotz, president of Chicago's $7,000,000 Stadium, had to announce that his Stadium had gone into receivership...
...next thrust himself into the picture with a plan for a semicircular belt system connecting New England and Baltimore, to distribute Midwestern products to seaboard. This again stepped on too many toes. He was ordered to sell his interest in the Wabash (now in receivership) and Lehigh Valley, which he did, to the Pennsylvania, at $23,000,000 clear profit...
...Luke Jr., Tennessee publishers convicted of conspiracy to defraud an Asheville, N. C. bank, were ordered arrested last week after they failed to surrender to serve jail sentences. Buncombe County courts declared forfeit their $50,000 bonds, written by New Orleans' Union Indemnity Co. (now in receivership). Meanwhile in Nashville, Tenn., the Leas prepared to fight extradition, had a lawyer sleeping in their big house to spike any attempt by North Carolina officials to kidnap them. Few days later the Leas suddenly disappeared. Reports that they had been arrested in the mountains at Jamestown were denied. Questioned...
...Boats. Up & down the broad Hudson River between Albany and Manhattan big white steamers plough by day and plough by night. Just a year ago Hudson River Night Line, famed as all night lines are in many a locker room tale, ploughed right into receivership. Last week Hudson River Day Line (no corporate kin) ploughed into receivership, too. As receiver, courts appointed Alfred Van Santvoord Olcott, the Line's president. Great-grandson of Commodore Abraham Van Santvoord whose "safety barges" were the talk of the river 125 years ago, Receiver Olcott said the company had been unable to obtain...
Chicago's Stevens family hates publicity. And until last November when Stevens-controlled Illinois Life Insurance Co. tumbled into receivership with $150,000,000 in policies and $13,000,000 in Stevens-owned hotel mortgages frozen tight in its portfolio, the Press let the Stevenses pretty much alone. Since then their financial doings have blossomed into a major Chicago scandal. Last week auditors told the receiver just how much these doings had cost Illinois Life-$12,456,409, about one-third its assets...