Word: ivars
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Engagement Rumored. Ivar Kreuger, Swedish match king; and Madame Ingeborg Wachtmeister of Helsingborg; at Malmo, Sweden...
Matches. When Ivar Kreuger and his Swedish Match Co. offered Germany a $125,000,000 loan at 6%, they made the condition that a match monopoly should be established in which the government and Swedish Match* should participate. Last week the Reichstag debated this proposal. The People's Party, the Democrats, the Communists began to object, criticize. But when Finance Minister Paul Moldenhauer gravely announced that if the match agreement were not ratified, the Reichstag exchequer would face a deficit of 273,000,000 marks by July, the delegates hastened to approve the agreement by a vote...
...venemous dig came when he said: "You tried to borrow $100,000,000 in November from J. P. Morgan & Co. France was able to stop that (TIME, Dec. 30). I have information that as soon as this conference is over you will turn for your $100,000,000 to Ivar Kreuger [famed tycoon-director of the Swedish Match Trust, lender of millions to many a hard-up government]." M. Tardieu finished with a flat declaration that France would not give Germany the benefits of the Young Plan unless the German Government promises not to issue bonds liable to hurt...
Statistics are usually more decorative than useful. Although it is true that Sweden's annual match output would reach to the moon if laid end-to-end, no lunatic ever thought of asking Swedish Match Tycoon Ivar Kreuger to make his statistic come true...
...issue of TIME of Oct. 28, in its "Business & Finance" section, comments on Mr. Ivar Kreuger under the heading "Monopolist" and, at the top of p. 46, states: "In this country, his International Match Co. controls about 75% of all match production...