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...late Roland M. Smythe began buying old Southern bonds that were considered worthless. But some of them proved valuable. In 1904 he published Smythe's Valuable Extinct Securities Guide. Last week Otto Peretz Schwarzschild, who bought the business in 1930, brought the guide up to date. Listed were 5,500 such extinct securities as those of Amethyst Mining Co., Kowkash Holdings, Ltd., Unique Operating Co. Announced Mr. Schwarzschild: "While the activities of the SEC have curtailed the output of sour securities, it will be a long time before the obsolete security business faces extinction...

Author: /time Magazine | Title: MARKETS: Sour Securities | 12/19/1938 | See Source »

...TIME, Nov. 14), the No. 1 espionage trial of recent times ended in Manhattan. Convicted by a Federal jury were: Johanna Hofmann, 27, a Dresden redhead who roamed the world as a hairdresser on German ships, wound up carrying spies' messages on the liner Europa; Otto Hermann Voss, 39, an airplane factory mechanic who turned in much junk and one set of valuable pursuit-plane plans to the Nazi intelligence service; ex-Private Erich Glaser, 28, of the U. S. Air Corps, who was unfortunate enough to be the friend of a U. S. Army deserter named Guenther Gustav...

Author: /time Magazine | Title: National Affairs: Wages of Sin | 12/12/1938 | See Source »

Died. Lieut. General Otto von Lossow, 70, onetime Bavarian Reichswehr commander, who once called Hitler a "swashbuckling little ward politician" and suppressed the Munich Beer Hall putsch (1923); in Munich...

Author: /time Magazine | Title: Milestones, Dec. 12, 1938 | 12/12/1938 | See Source »

Engaged. Princess Maria, 23, youngest child of the King & Queen of Italy, provisionally engaged for the last four years to Archduke Otto, Austro-Hungarian Pretender, on condition that he regain his nonexistent throne; now that all hope is gone, to his uncle. Prince Louis of Bourbon-Parma, 38; in Rome...

Author: /time Magazine | Title: Milestones, Nov. 21, 1938 | 11/21/1938 | See Source »

Only the rare guest gets an individual portrait. Highlights of the book are the portraits of Bemelmans' coworkers. Strict but sentimental Otto Brauhaus, the "Splendide's" manager, was an exception to the usual manager "whose face is like a towel on which everyone has wiped his hands." Otto used to say of his beloved primitive paintings: "Sometimes when I'm alone, I look at them, and they look at me, so brimidif, like this," and "he would look sideways out of his face, just like his primitives...

Author: /time Magazine | Title: Books: Problem Child | 11/21/1938 | See Source »

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