Putnam's Wizard of Finance Declared Bankrupt
Ernest M. Arnold, known as Putnam's wizard of finance, once declared bankrupt, returned to business at his old stand. The article recounts his rapid rise through a "system" that attracted deposits, issued notes in lieu of cash, expanded to branches, and then collapsed under $789,267.78 in liabilities, most unsecured, with losses to about 700 creditors, while Arnold fought to discharge bankruptcy and continue courting investors.
MENTIONED IN THIS ARTICLE
Putnam’s Wizard OF Finance
United Press
Ernest M. Arnold
Arnold
Putnam
Imesh
iArnold
Startford Invest- Shouse
Arnold Ito
Onion Street
Arnold Ay
Whitingsville
Mass
Keene
N. H
Ft Dolar
Nasture
Arno'ad
Wan Ni
Gary Says Fair Honest Competition Needed
Judge EB H Gary, chair of the executive committee, argues that unrestricted competition leads to monopoly and reform is needed. He proposes federal licensing, public disclosure, and anti over-capitalization rules as remedies to curb restraint of trade and ensure nondiscrimination for all customers.
MENTIONED IN THIS ARTICLE
United Press
Washington
EB. H. Gary
Senate
Enjoins Smith from Opening Greenwich Studio in Greenwich
A judge issued an injunction against Smith to stop opening Greenwich studio operations within ten miles of the city. The order cites conformity with U S law while discussing partnerships, monopolies, and the broader implications of government control under the Sherman Act on big combinations like United States Steel. The commentary notes uncertainty among capitalists about conduct under antitrust law and the need for publicity in government oversight.
MENTIONED IN THIS ARTICLE
United States
Willard
Greenwich
Juder Curtis
Superior Court
Starr
United States Steel Corporaton
Gary
Surprise Store Glove and Knitwear Sale Highlights
Advertised bargains feature heavy knit oxford gray sweater coats for men, oversized shirts, drawers, and union suits priced from 50c to 1.90. Highlighted items include gray shirts, capeskin gloves, and coats with cuffs, all marketed as best value for limited time. Multiple specials emphasize standard brands and new patterns.
Hosiery Special Wide Winter Wool Half Hose Sale
Men's heavy winter wool half hose priced at 12 cents and 25 cents in natural and black. Special offer ending soon.
West End Couple Wed on Thanksgiving Day
Emilio Maraffi of Jay Lee Avenue and Isa Florence Robarge of Clinton Avenue united in marriage at St. Anthony's Church in Colorado Springs. After the ceremony they hosted a reception at the home of relatives and planned a brief wedding tour. The bride wore embroidered net over satin and carried roses. Miss Mabel Lee was bridesmaid. Neil Robarte attended the groom. A short wedding tour followed as the couple prepared to establish a home on State Street and Clinton Avenue.
MENTIONED IN THIS ARTICLE
Emilio Maraffi
John Mereff
Jay Lee Avenue
Isa
Florence Robarge
Wilhemina Robarge
Clintonenne
St. Anthony’s R. C. Church
Colorado
State Street
Clinton Avenue
Bellanger
Mabel Lee
Neil Robarte
Ord Church
Pat
Melarte
Tonic
Willbride
Fred W. S Montayne
Bridgeport Post
F. Curtis
Also Mentioned on This Page
U. S
Ethcurs
Union Street
Enjoins Smith
Vienna
Kersey
Velours
Meltona
Silo
Norfolk
Melton
Waler
Spe
CML
al Op
America
Phoenix
New York City
Atfk
Mateh i
Wateh
Main St
Smith
Maraffi
Obarge
West End
F. W. Montayne
Charles E. Fertis
Bostop—G
Boman
Tees
Gene Campalen
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