Word: reusing
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Dates: during 1950-1959
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...Spain's sleepy provincial town of Reus, Judge Alfredo Fournier has spent most of his 15 years on the bench settling peasants' disputes over stray pigs. Last week, nervous Judge Fournier had a much bigger job; he auctioned off the $56 million Barcelona Traction, Light & Power Co., Ltd., which controls Spain's biggest public utility. As everyone expected, it went to crafty old Juan March, onetime tobacco smuggler who has become Spain's biggest businessman...
...violation of the freeze, March struck the death blow, got Franco's courts to declare Barcelona bankrupt. Since Heineman's group held all of Barcelona's common shares in Canada, the court ordered "duplicate" shares printed in Spain. Last week's court formality at Reus was to auction off these counterfeit shares to the highest bidder. The only bidder turned out to be Juan March's lawyer, who bought control of the big utility for 10 million pesetas...
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