Word: receiverships
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...heirs of whom he spoke was middle-aged Bertha A. Stott. whose tempestuous outbursts did not subside as she outgrew tempestuous youth. When Bertha Stott, her brother David and two sisters sued another sister and two other brothers for receivership of Stott Realty Co., Judge Ferguson again had to deal with untractable witnesses. During the case David Stott was fined $100 for refusing to answer questions. Then Judge Ferguson granted the defendants' crossbill asking dissolution of the company. Up jumped Bertha Stott. She cried...
With their case on trial before the Interstate Commerce Commission, the railroads themselves were not unwilling to have things look as black as receivership. Fairman R. Dick, partner of Roosevelt & Son. secretary of a bondholders committee on the railroad emergency, added to the dismal tale last week when he testified before the Commission that: Railroads could no longer dispose of their bonds; their securities were no longer regarded as secondary reserve by the banks; only the bonds of three railroads in the country could be regarded as high grade (Atchison, Topeka & Santa Fe; Union Pacific; Norfolk & Western...
Memories of a titan returned to Wall Street last week when Florida East Coast Railway was placed in receivership and control of the road passed from the estate of the titan's widow to a group of bondholders. Henry Morrison Flagler conceived greater schemes in his life than his $126,000.000 railroad, but none retained his affection as did this enterprise, on which he lavished his brain and wealth...
...road sold $45,000,000 of 5%, bonds during 1924, 1925 and 1926. The bonds were underwritten by an imposing group headed by J. P. Morgan & Co., First National Bank of New York and National City Bank. Failure to meet interest payments on these bonds last week precipitated the receivership...
...Constitution of the United States as an experiment undertaken as a glorious adventure: we say farewell to our journalistic support of it as we would say farewell to a shattered ideal. But a shattered ideal is not of much practical use." Last week the Jerseyman floundered into receivership, but not, Publisher Little insisted, because it changed its mind after 105 years...