Word: wealthiest
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Died. Sir Herbert Samuel Holt, 85, Canada's biggest financier, one of its wealthiest men; in Montreal. Born in Ireland's County Kildare, he emigrated to Canada at 19, rose from railroad laborer to contractor to utilities magnate by the age of 45, when he organized Montreal Light, Heat & Power Co., now capitalized at $64,000,000. He became president of the Royal Bank of Canada, increased its assets more than tenfold, organized the $100,000,000 Canada Power & Paper Corp., went into textiles, mining, insurance, railways, in his lifetime shared control with his associates of some...
...know what is going to happen to me," declared one of the U.S.'s wealthiest citizens. "I happen to have been left a great deal of money [about $150,000,000]. I don't know what is going to happen to it, and I don't give a damn." Speaking was Publisher Marshall Field III, who made the remarks as he talked hopefully of great social reforms after the war. Next day he looked at his words in cold newspaper type, decided to clear up a point. He would be "willing to risk the fortune in some...
...since June 17, 1940" (or since earlier dates in 1940 for nations whose assets had been frozen earlier). Such people were presumed to be longtime residents, almost U.S. citizens, who had to report to the Government anyway, via the income tax. Actually this group includes many of the wealthiest international capitalists, who had fore-handedly brought their negotiable assets to the U.S. ahead of the Blitz (or sent them in care of brothers and wives). There are undoubtedly many pro-Axis assets in the midst of this innocent fugitive capital. They will not show on the Treasury's film...
Died. Harvey Crowley Couch, 63, the Southwest's No. 1 utilitycoon, Arkansas's wealthiest citizen; at his summer home on Lake Catherine near Hot Springs, Ark. Son of a farmer-preacher, he had saved $156 by the time he was 26, put it into a partnership with a village postmaster and strung a telephone line from Arkansas into neighboring Louisiana. He built it into a four-State line and sold it nine years later to Bell Telephone for $1,500,000. He used the money to organize Arkansas Power & Light, built that into a $71,000,000 colossus...
Police could guess what the trio had been after at the N.Y.A.C. Room 1903 was one of a suite occupied by Frank Erickson, reputed to be New York's wealthiest bookmaker, said by Mayor LaGuardia to be a "bum." A zipper bag which the gunmen had left behind them held black masks, wire, cord, wads of cotton-elaborate paraphernalia for a holdup...