Word: shankses
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Getting to work on a reorganization plan, Mr. Steere (representing the stock holders) finally made a pact with Prudential Insurance Co.'s Carrol Shanks (representing the bondholders) in March 1937. Their plan would have given C. & O. a 14% interest in the new common for its old.
The second effort to reorganize was a bondholders' plan - and there was no doubt as to who the No. 1 bondholder would be. Just to make sure, Jesse Jones put his own man on the three-man reorganization committee - RFC's John Bar-riger, who went in to...
The Emperor Jones is no tyrant. Mr. Shanks's principals got a fair shake too: for each old $1,000 bond, a $500 general mortgage bond, $500 in new Class A stock, four shares of common and $35 in cash (as back interest on each new $1,000 bond...
Against such blunders of taste and knowledge (Mr. Shanks's prime example: "When an American knows the innermost meaning of 'Don't press, slow back and keep your eye on'the ball,' he is, for practical purposes, denationalized")-against Kipling's asinine omniscience, bouncing...
Mr. Shanks is not very convincing when he argues that Kipling's later years were his best, or that Kipling is altogether the great writer-or quite the sort of great writer-Mr. Shanks tries to make him out. Kipling's greatest legacy to letters Mr. Shanks dismisses...