Word: septuagenarian
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Dates: during 1930-1939
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...that when Corporation Securities stock was selling for 12½¢, it was really worth $18.74. But that sort of evidence, the prosecution well knew, was not the kind on which twelve good men & true send 17 tycoons to jail. Human interest was needed. Hence Mrs. Mary R. Jones, a septuagenarian of Ridott, Ill. was put on the stand. She and her husband had mortgaged their farm to buy Corporation Securities in 1930. "We thought," said she, "the new stock was good stock. . . . Altogether they got $15,000 of our money. If we could get half of it back...
...Last week Armour & Co. stockholders voted to accept the reorganization plan sponsored by President Thomas George Lee and Boston's crusty septuagenarian Banker Frederick Henry Prince, Armour's largest stockholder (TIME, June 11). Chief item is a $55,000,000 write-down in assets to improve earnings, cut depreciation charges $2,150,000. Stated capital is reduced from $157,231,000 to $20m723.000 by the substitution of two classes of stock for three...
...first time since 1930, tried to reorganize the packing company last summer but various stockholder groups blocked him at a rowdy meeting in August. Salaries next became the target for the protective committee's publicity. Months of wrangling over a new board revealed that Frederick Henry Prince, crusty septuagenarian banker of Boston, had become Armour's biggest individual stockholder. Last January another rowdy stockholders' meeting produced eight new directors and a reconstituted finance committee of which Mr. Prince was chairman. Ever since, Mr. Lee & directors have been wrestling with a new reorganization plan. Late last fortnight...
...front cover) In the cool grey light of dawn S. S. Exilona lay at anchor near Ambrose light ship outside New York Harbor. A coast guard cutter and a bevy of tugs drew near. A passenger, Mrs. Louise Dvorak, stood on deck talking to a white-haired septuagenarian. The old man told her: "This is the first time in 30 years I have returned to New York without some one of my family to meet me.'' "But your son is on one of these boats." "My son is here? Where?" The old man rushed to the rail. Suddenly...
...What septuagenarian became finance chairman of Armour...