1933-12-5 BDE Lehrenkrauss Geschäfte werden untersucht

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1933-12-5 BDE Lehrenkrauss Geschäfte werden untersucht - Town, BLAr OUR PART TUESDAY, DECEMBER 5, 1933...
Town, BLAr OUR PART TUESDAY, DECEMBER 5, 1933 Ml kl VI U U U laal U i " to $270,000,000-Dividend Up preliminary estimated year House wide later. on begin normal Instead on 8 other taxes " revenue: surtax net depreciation loss holding exchanges $18.- $18.- pre-March foreign consolidated and all of tax dividends interests unchanged." this divi- divi- California member Board Association, today in Diego contained at a (Crufll, 110 Dul-cin. Dul-cin. 4-5. 4-5. 4-5. Rose, ConnafziB-non IMari-nelll), IMari-nelll), Mobile, Black Time Kinlad. Advice iSaei. Ill 1:21. Cloud, ran IE. 1-5. 1-5. 1-5. Rat-town Rat-town Mv 106 Bennett Probes Lehrenkrauss Firm's Affairs Van Sclia iok Also Moves to 'Investigate a Title Subsidiary ofConipany State Attorney General. John J. Bennett hs begun an investigation of Lehrenkrauss Corporation and State Superintendent of Insurance George R. Van Schalck ts seeking to make an independent investigation into one of the corporation's subsidiaries, subsidiaries, the Lehrenkrauss Mortgage Mortgage Si Title Guaranty Company. These developments came to light - today with the listing In Kings County Supreme Court of a motion by Van Schalck calling upon the Lehrenkrauss organization to show cause Thursday why he should not be permitted to investigate. At the Lehrenkrauss organization offices, 359 Fulton St., It was said the motion would be opposed. Probe Begun Assistant' Attorney General Ambrose Ambrose V. McCall, head of the securities securities bureau of Bennett's staff, admitted admitted that his department began yesterday afternoon a general Investigation Investigation of the holding company, together with its subsidiaries. Besides the Lehrenkrauss Mortgage Mortgage 5c Title Guaranty Company other subsidiaries nt the holding unit are J. Lehrenkrauss" Sons, which does a general, insurance business, and the Omn : Corporation, Corporation, a real estate trading unit. Lehienkrauss Corporation, formed formed In June, 1932, has outstanding $1,500,000 of 6 percent cumulative preferred stock, retlieable in 1940 nnd guaranteed as tc principal and interest by J. Lehrenkrauss & Sons The latter Is an Incorporated partnership which does an independent independent mortgage business and also conducts under various Indcuend- Indcuend- ent names a private banking busl- busl- ' ness, including a trust department ! ana a travel Bureau, known as Universal Universal Tours, Inc. The partnership ts owned by Charles Lehrenkrauss. who has a 50 percent Interest: his uncle. Julius, a 35 percent interest, and his cousin. Lester, son of Julius, who owns 15 percent. Passed Dividend Last week the holding company passed Its dividend then due, amounting to about $45,000. Assistant Attorney General McCall McCall declined to discuss his investigation investigation on the ground that it was confidential. His probe is under Section 23-A 23-A 23-A of the General Business Business Law and seeks to ascertain if any civil or criminal statute was Lviolated In the sale of securities, Lehrenkrauss Corporation stock, not listed on any exchange, Is reported to have been sold by the corporation as recent as two months ago. Complaint Indicated The customary procedure Indicates Indicates that the 23-A 23-A 23-A investigation was Inltinted as a result of a complaint complaint by an owner of either the corporation's' preferred stock or of a mortgage bought from one of the subsidiaries. These examinations are either dropped at the end of a fortnight or, If evidence warranting action is discovered, result In a Martin act ult to prevent the further sale of the securities and for appointment of a receiver to conduct the business business In the Interest of creditors. OPTIMISTIC AT 100 Norristown, Pa, Dec. 5 P) A soon bar type liquor permit p.m E. 51.st of the them the Oscar 42d 57th

Clipped from The Brooklyn Daily Eagle05 Dec 1933, TuePage 1

The Brooklyn Daily Eagle (Brooklyn, New York)05 Dec 1933, TuePage 1
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  • 1933-12-5 BDE Lehrenkrauss Geschäfte werden untersucht

    LehrenkraussX – 03 Dec 2016

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