Pynchon & Company
robinlandseadel at comcast.net
robinlandseadel at comcast.net
Sat Nov 10 12:22:57 CST 2007
TIME:
The Fall of Pynchon
Monday, May. 04, 1931
In recent years Pynchon & Co. entered the field of issuing
securities. It has sponsored Utilities Power & Light of which
Harley Clarke is president, also General Theatres
Equipment. Inc. another Clarke-managed company.
The recent decline in the shares of these two companies
and of Fox Film Corp. are thought to have brought
Pynchon & Co. to the breaking point. . . .
http://www.time.com/time/magazine/article/0,9171,741591-2,00.html
Descent
The rhythmic clapping resonates inside these walls,
which are hard and glossy as coal: Come-on!
Start-the-show! Come-on! Start-the-show! The
screen is a dim page spread before white and
silent. The film has broken, or a projector bulb has
burned out. It was difficult even for us, old fans
who've always been at the movies (haven't we?)
to tell which before the darkness swept in. . . .
TIME:
Large Ghost Laid
Monday, Apr. 20, 1931
Not even the stately halls of the world's largest banks are free from
corporate ghosts. For almost a year one of them has
lurked disturbingly in the recesses of Chase National Bank. Were it articulate
this ghost might well have slid into the offices of Governor Albert Henry Wiggin
and whined: "I am the ghost of William Fox's mismanagement of Fox Film Corp. I
was created during the wild days of 1929 when he expanded quickly and without
funds. Last year I was temporarily silenced when Fox Film fought off
receivership by selling $55,000,000 notes to mature in twelve months. Since then
I have haunted Harley Lyman Clarke, who is president of Fox. Also I have haunted
Halsey, Stuart & Co. and Pynchon & Co. who played close to Fox. If you fail to
silence me, nobody else can. What are you going to do, Banker Wiggin, when those
$55,000,000 notes fall due?". . . .
http://www.time.com/time/magazine/article/0,9171,741446,00.html
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