12/14/40 "begin again"
the re- (1935-39 the a York had that its reported auto this and FLEISHHACKER TO BEGIN AGAIN Close 17 3 42 27 7 14 6 22 8 78 87 19 49 5 4 22 37 42 9 40 6 33 35 7 18 55 2 (By Associated Press) SAN FRANCISCO, Dec. 13. Bankrupt at the age of 69, Herbert Fleishhacker, former bank president and one-time dominant power in West coast finance, has started a "comeback" attempt, and hopes to make a success of it. He said through his lawyer today he would try to pay his creditors any losses officially estimated at his bankruptcy. "The only thing I can say is, I hope he can do it," declared Burton J. Wyman, referee in bankruptcy, as Attorney Roy Hudson told Fleishhacker's intentions today in bankruptcy court. Sterling Carr was named trustee in bankruptcy for the estate and will proceed to liquidate it. Carr estimated assets at $1,500,000 and debts at $2,500,000. Attorney Hudson blamed Fleishhacker's plight on a judgment amounting to almost $800,000 including interest, returned against him in the Lazard Freres oil land case. It involved the sale of oil property 25 years ago. The ex-financier was busy elsewhere, and did not attend the bankruptcy court session. A stocky, hard-driving man with a semi-bald head and an urbane manner, Fleishhacker has continued active in civic affairs despite his financial difficulties. He is chairman of the city park commission, president of the trustees of two city museums of art, and a member of the city art commission. 1 2 3