Word: fisk
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...long after Fisk Rubber Co. was pulled through the receivership wringer in 1933, the House Select Committee on Investigation of Real Estate Bondholders' Reorganizations roundly spanked the firm's reorganizers (most of whom were bankers who had financed Fisk) for sacrificing the bondholders to suit their own fiscal interests. The old company was sold for $3,030,000 to a new corporation which wrote it up to $13,000,000, but new Fisk Rubber Corp. was clean in one respect: it had no bonded debt. And it prospered...
Lately all he had left were his memories. Last week he no longer needed the $100 a month which the estate of J. P. Morgan Sr. had been sending him: at the Home for Incurables, cancer of the throat brought death to 78-year-old Pliny Fisk...
When Harriman admitted he couldn't deliver, Fisk let him off for $50,000 but blandly extracted a promise that Harriman would try to compose his battle with J. P. Morgan Sr. over the Northern Pacific R.R., which was then depressing the market. Harriman was soon closeted with Morgan, and Pliny Fisk thereupon put every available dollar into the market. When peace was announced next morning, he had an overnight profit...
...Although Fisk helped finance such projects as Bethlehem Steel and the Hudson Tubes, his most famed deal was the creation of American Locomotive Co. in 1901. Baldwin Locomotive Co. controlled two-fifths of the industry and Fisk obtained the necessary options to consolidate the rest into one firm...
...ardent yachtsman like his idol, J. P. Morgan Sr., Pliny Fisk in 1919 visited Tangier on his 33-ft. Riviera. He always believed afterwards that it was there he caught sleeping sickness. He eventually recovered, but not before he "lost control of things." He quit Harvey Fisk & Sons, sold his Exchange seat for $55,000. Faulty judgment slowly took his millions. In 1924 he sold the Riviera and his $500,000 house in Rye. He dropped out of his clubs-the Union League, Metropolitan, University, New York Yacht...