Word: stutz
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...refute this charge rose the State Committee's Executive Director John G. Stutz, a Democrat appointed by Governor Landon's Democratic predecessor, Secretary of War Harry H. Woodring. Last week the original subject of dispute was overshadowed when Director Stutz complained, in a statement released through Landon campaign headquarters in Topeka, that he had been refused information concerning WPA's administrative costs. His requests for access to the records, said he, had been denied by the State WPAdministrator, ignored by Federal WPAdministrator Harry Hopkins. Indignantly Director Stutz pointed to an order of last June in which Administrator...
...five fronts, became Chief of Staff of the A. E. F. air service, one of the youngest men in U. S. Army history to win a colonelcy. Awarded many a medal, he served at the Peace Conference, quit the Army in 1920 to work for Nordyke & Marmon Co. Joining Stutz Motor Car Co. in 1925, he became president in 1929, resigned last August...
Samuel Genis did not get Stutz stock for investment. He optioned it together with an additional block to a slick group of Chicago promoters now known as John J. Burke & Co. Burke in turn optioned the stock to other stock-jobbers variously doing business as Gould & Co., Kopald, Quinn & Co. and Kenyon & Co. (McCormick & Co. until SEC cracked down on them once before). These retail firms proceeded to sell Stutz stock to citizens of the Midwest on an installment plan, 50? on the dollar down. Meantime John J. Burke & Co. strong-armed Stutz stock in the open market from about...
...successful was the campaign that the retailing firms sold not only the 40,000 shares under option but a total of 300,000 shares, more than one-half of which did not exist at all because Stutz had only 132,000 shares outstanding...
...fact that they had sold more stock than Stutz ever issued embarrassed the sharpers not a whit. Burke merely pulled its market plug, plummeting Stutz stock lower than it was before they started. On the ground that the installment purchases were now under-margined, the retailing houses "sold out" their customers accounts (i. e. pocketed the deposits). Profits amounted to $800,000. Early this year Burke put on another Stutz campaign that netted $100,000 and was set for a third when SEC intervened. On the basis of its findings SEC will seek indictments...