Word: weeks
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Dates: during 1920-1929
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...Came urgent messages from President Luis. The exchanges reopened. Frenzied coffee speculators begged the President to save the coffee situation by declaring a general moratorium. This he flatly refused to do, patiently explained how ruinous to Brazil's commercial credit such action would be. The result of the week's alarums and pronouncements seemed to leave President Luis, like Atlas, supporting Brazil's top-heavy coffee market on his own slight shoulders...
...tower but the man who built it fell last week...
...fall included himself, the W. B. Foshay Co. (holding company for public utilities, commercial and industrial enterprises), the Public Utilities Consolidated Corp. (subsidiary operating utilities), the Foshay Building Corp. (real estate). The value of the three companies was estimated at $20,000,000. But their liabilities last week were put at $12,500,000 and they went into the hands of a receiver (Minneapolis Merchant-Banker Joseph Chapman...
When General Lafayette romantically left France to help liberate the American colonies he brought with him a young man, Joseph Fouche, whose father was chief of police under Napoleon. The descendant of that young man is the Wilbur Burton Foshay who last week calmly agreed to the receivership of all his properties...
Although the Foshay failure last week closely coincided with the Stock Market crisis it was not born of it. No Foshay enterprises were financed except by Foshay securities which were sold to employes or businessmen in districts which Foshay companies served. Causes of the Foshay failure seemed to be overexpansion and the depreciation of real estate holdings. The failure was chiefly remarkable for two things: it was the largest in the history of the Northwest; the man who failed had thrice made a fortune and might make a fourth...