Word: trusteeships
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...destruction, a survey of present day democracy gives pause to those who wish to believe that in public ownership or control there lies a solution for periodic industrial collapse. Legislatures composed of individuals apparently forced to spend as much as possible for the delight of local constituents make the trusteeship of common welfare a grisly political farce...
Last October Governor Sterling placed his affairs in the hands of a friendly trusteeship headed by his good friend Banker Jesse Holman Jones. The trustees, who loaned Governor Sterling $800,000, found one of his properties could be sold immediately-the Post-Dispatch, only morning paper in the city, which the Governor established in 1924 by merging his newly acquired Dispatch with the old, moribund Post...
...days friends of Mr. Lynch had appealed to no less a person than Chief Gangster Alphonse ("Scarface") Capone to effect his release. Mr. Capone, deprecating kidnapping, promised to do all he could to persuade the kidnappers to accept $50,000 instead of the $250,000 they demanded, took trusteeship of the $50,000. Unappreciative Chief Investigator Patrick Roche immediately ordered Mr. Capone arrested. A squad of detectives rushed to Capone's hotel. Capone was not there...
...first 18 months of his ownership. In 1928 he combined it with the evening Post, which he had bought from notorious Publishers Bonfils & Tammen of the Denver Post. He operated the properties as a personal enterprise until 1929 when, weary of the drudgery, he formed a trusteeship consisting of himself...
William Laurence Dickey (as publisher) and his son-in-law Marion B. Sharp (as business manager). After the elder Dickey's death (in January) the son and son-in-law had difficulty untangling the trusteeship and the estate. They were looking for someone with ready cash to go in with them or to buy outright when along came Tycoon Doherty. Estimated payment for his share...