Word: tractionman
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When Leonard Asbury Busby, Chicago lawyer and tractionman, died in 1930, he left an estate of $1,635,000 and debts to banks and brokerage houses of nearly $1,000,000. Named executor was the trust affiliate of Chicago's big First National Bank, of which his good friend the late Melvin Alvah ("Mel") Traylor was president. Busby's will set up a trust for his widow and two children, gave the executor full power to sell any property "upon such terms as ... may seem desirable." President Traylor, who assumed direct supervision of the estate, was thus supposedly...
When Leonard Asbury Busby, Chicago tractionman, died in 1930, he left an estate of $1,598,000 and debts of nearly $1,000,000. Named as executor was the trust company affiliated with Chicago's big First National Bank, of which Mr. Busby's good friend Melvin Alvah Traylor was president. Last month, after the estate had shriveled to a mass of debts, Mrs. Esther Busby marched into the Probate Court and sued First National for the $500,000 equity which had been hers when her husband died and the bank took charge...
Leonard Asbury Busby, Chicago tractionman LL.D...
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