Word: bankrupting
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Dates: during 1930-1939
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...bankrupt Rock Island, Missouri Pacific, St. Louis-San Francisco, to the prosperous Union Pacific, Burlington, U. S. winter wheat adds up to a substantial portion of summer revenue. Largest of the winter wheat carriers is the Santa Fe. Wall Street Journal dug up some interesting figures on Santa...
While Comrade Arkhipov, in Leningrad, was inveighing to his fellow workers against the "bankrupt political cardplayers" ruling Finland, at Kiev factory workers declared they "love to fight," and aboard the Soviet battleship October Revolution sailors met and decided: "The time has come to end the criminal game of the Finns." An interesting aberration came from the Kirov plant workers: "The ruling clique of Finland has reached the limits of madness and has, at the orders of its imperialist masters, declared war on our Soviet Union...
There was soon some criticism of Banker Cummings. In his spare time he was Treasurer of the Democratic National Committee. Another full time job he held down (at $15,000) was as trustee of the bankrupt Chicago, Milwaukee, St. Paul & Pacific Railway. He was also a co-receiver for Chicago Railways Co. and director of half-a-dozen big U. S. corporations, among them the Maryland Casualty Co., then in debt to the RFC to the tune of $17,500,000. The late great Republican Senator James Couzens moved to investigate the ethics of Mr. Cummings' $90,000-plus...
...railroads which are not yet insolvent Federal Loan Agency Administrator Jesse Jones turned up with an idea. He has quite a few railroad loans not of the best (e.g., $86,261,578 to the nearly bankrupt Baltimore & Ohio), but the immediate problem he tackled was the Boston & Maine...
...strong indication of the way out for railroads already bankrupt, hogtied in the Courts by common stockholders' claims, came last week from the Supreme Court. The Court was unanimous and its spokesman was Mr. Justice William Orville Douglas, who first made his jurisprudential name as a Yale Law School professor by analyzing bankruptcies for the SEC. Actually the case did not concern a railroad at all. It concerned obscure Los Angeles Lumber Products Company, Ltd. and was chosen as a kind of Schechter case for a New Deal test of Section 776 of the Federal Bankruptcy...