Word: bankrupted
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Dates: during 1940-1949
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Dark Days. It was worth all the trouble; the Dallas Hilton was a whopping success. Hilton branched out throughout Texas and formed Hilton Hotels, Inc. (succeeded in 1946 by Hilton Hotels Corp.). When the depression hit, and an estimated 80% of all U.S. hotels went bankrupt, he was far overexpanded. He hurried from hotel to hotel, yanking out the room telephones and closing off some of the floors to cut costs. When a guest asked for ink, a bellhop would ceremoniously pour out enough to write one letter...
Because creditors of bankrupt organizations turn to the University for payment, the Dean's Office feels that it must do what it can to prevent student groups from getting into financial difficulties. Hence it has built up a network of financial supervision. For instance, there is a rule, new since the war, that no student group may carry on any activity outside the city limits of Cambridge without Dean's Office permission. And as a check against bankruptcy nearer home, the Dean's Office requires that an annual financial statement be submitted to it by every undergraduate organization...
...Harlem crap games. He was a partner in something called the Horowitz Novelty Co. which dealt in Kewpie dolls, razor blades and punchboards. It went bankrupt, left its creditors holding the sack, was reborn as the Dainties Products Co.-and boomed. He put his money into real estate, built apartments and five-story walkups in Upper Manhattan and The Bronx, and with his investments hit another jackpot...
...tons for export, but many believe the figure will be lower. This means that millions will go hungry in other parts of Asia, and that Burma will be without its major source of income for the imports it needs. "Burma," said National Bank head U San Lin, "may be bankrupt next year...
...Literary Gazette continued with further literary remarks on onetime Hero Tito: "The workers [of Yugoslavia] have long since discerned the repulsive and vile snout of the Belgrade deserter to the camp of imperialism, hireling spy and murderer, bankrupt fascist traitor to his country and to the cause of Socialism." The people are not deceived, said the Literary Gazette, when "the Wall Street gentlemen spare no dollars to make the insolent dwarf Tito appear a giant...