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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