The Film Daily (1939)

Friday, November 3, 1939 ftflw * DAILY CHAIRMEN APPOINTED FOR JEWISH CAMPAIGN (Continued from Page 1) co-chairman of the amusement division, with Maj. Albert Warner, pr led. a. „rnstein and Medalie spoke on the work done by the organization in its aid to the 116 institutions which it supports, and Medalie out j lined the current needs. Barney , Balaban, Jack Cohn and Commis i sioner Paul Moss will serve this . year as vice-chairmen, assisting " Bernstein and Major Warner. No , division quota has been set as yet. ; The division raised $175,000 last year. Committee chairmen named at yesterday's meeting are as follows: Columbia Pictures — Abe Schneider \ and Max Seligman; Loew's-M-G-M — Oscar A. Doob; National Screen Service — Herman Robbins; Paramount— Arthur Israels, Jr.; Uni' versal — Joseph Seidelman; Warner Bros. — Max Blackman and Joe Hazen; Independents — Budd Rogers; Publications — Jack Alicoate and Sam Shain; Artists — Eddie Duchin, Marvin Schenck and Jesse Block; Ar| tists Representatives — Herbert Ro, senthal; Theatrical Atorneys — Wilt Ham Kline, Louis Nizer and Julian T. Abeles; Broadcasting — Bertram Lebhar; Independent Theater Ownii ers — William Brandt, Leo Brecher, , Louis Frisch, Joseph Springer, Wal. ter Reade, Jr., Samuel Rinzler, Max Rudnick, Edward N. Rugoff, Samuel , Straussberg and Sam Goodman; Laboratories — Jack Goetz, Alan E. Freedman, Ralph I. Poucher and ! Frank Myers; Legitimate Theaters — Marcus Heiman; Music Publishers and Composers — Louis Bernstein and Jack Robbins; Accessories — B. S. Moss, chairman, Emil Friedlander, Fred Lakeman, Jerome Loeb, Eugene Picker and Charles Sonin. All committees are still in process of formation, Mr. Bernstein pointed out, and additional names will be announced upon completion of organization. GRAND NAT'L ASKS REORG. Petition is Filed for Action Under Chandler Act TEXAS ALLIED LISTS 13 PARLEY TOPICS Guilds in CC Drive West Coast Bureau of THE FILM DAILY Hollywood — Los Angeles Community Chest Drive, opening Nov. 8 with Harry M. Warner heading the Motion picture division, will enlist the active participation of actor, writer and director guilds as units. A committee consisting of James Cagney, vice-prexy of the Screen Actors' Guild; Charles Brackett, president of the Screen Writers Guild, and J. P. McGowan, viceprexy of the Screen Directors' Guild, appointed to work with Warner throughout the drive. WEDDING BELLS Topeka, Kans. — Marriage of Jean Chatburn, film actress, and Dick Metz, Chicago pro golfer, took place here. (Continued from Page 1) issue value of negatives based on a continued operation of the company. The plan accompanying the petition provides for payment in full of all creditors, the general unsecured ones receiving their payment over a period of 18 months. Petition signed by E. W. Hammons as president stated that Educational Pictures, Inc., the parent company and /or its affiliate Educational Studios, Inc., has a loan of $450,000 committed to it by the RFC, provided an additional $150,000 is obtained from other sources. In reference to this, Hammons said, Erpi is expected to participate in a loan to the extent of $100,000, the National City Bank of New York to the extent of $15,000, and the balance "is expected to be raised from other sources." Five Benefits Cited Grand National, the petition continued, will receive a sufficient amount of these funds to better its financial position in five different respects, (1) to make the payment provided in the plan; (2) to free assets now held by preferred creditors and to re-pledge them to secure the new lenders; (3) to enable better distribution of pictures now at hand; (4) to place Grand National in a "solid financial position" so that it can obtain other pictures for distribution, and, (5) to generally enable it to successfully operate as a going concern. Under the plan proposed, priority claimants will receive an early full payment. Unsecured creditors will receive 25 per cent within 45 days, after confirmation, 15 per cent within seven months, 10 per cent within 10 months, 25 per cent within 14 months, and the remaining 25 per cent 18 months after confirmation. Liabilities in the petition were broken up as follows: Wages, $19,053, of which $7,456 are listed as priority; Priority Tax Claims of the U. S., $13,248, and of 22 states, $20,980; Secured Creditors Claims, $102,708; Unsecured Creditors Claim, $393,412. Among the larger secured creditors were listed J. D. McGuire, $22,663; William Skirball, $5,198; Arcadia Pictures Corp., $15,733; National City Bank, $35,150; F. & H. Products, Inc., $3,582; Coronado Films, Inc., $1,313; Continental Lithograph Corp., $3,187; Craftsmen Photo Co., Inc., $1,064; and De Luxe Laboratories, Inc., $12,632. 250 Unsecured Creditors Among approximately 250 unsecured creditors listed in the petition were the following larger creditors: Educational Pictures, Inc., $94,603; Educational Studios, Inc., $38,966; Edco Prod. Unit, Inc., $49, (Continued from Page 1) morrow include the Code, the distributors and his contracts, film prices and terms, clearance, tying up product, concessions granted by distributors, war and its probable effects, radio, television, 16 mm. competition, taxation, litigation and legislation. Executives of distributing companies who have promised to attend the convention are William A. Scully, Universal sales manager; James R. Grainger, Republic president, and H. M. Richey, RKO's director of exhibitor relations. The meetings will be climaxed tomorrow night with a banquet in the Mural Room of the Baker Hotel. Manheim on New "Folies" West Coast Bureau of THE FILM DAILY Hollywood — Het Manheim is handling the publicity on "The New Folies Bergere of 1940" show which opened at the El Capitan, Nov. 1. Dufaycolor Moves Dufaycolor Co., Inc. has moved to new offices at 64 W. 48th St. 277; Rockefeller Center, Inc., $5,811; Norman C. Nicholson, $7,250; E. W. Hammons (salary) $43,414; Jack Skirball, $11,448; Educational Films Co., Ltd., $34,860; Soc. Des Films ERKA of Belgium, $10,000, and Canadian Educational Films, Ltd., $6,543. Assets of GN were itemized as follows: a leasehold and improvements on 7250 Santa Monica Boulevard, Hollywood, $60,000; Negotiable and Non-negotiable Instruments, $77,258; Stock In Trade, consisting of 322 one-reelers and 632 two-reelers, one three-reeler, 62 features and 35 westerns, plus prints, $56,015; Accessories and Store Inventories, $35,516; Investment in Story Rights and Scenarios, $38,561; Automobiles, $7,500; Machinery and Fixtures, located both at Hollywood and New York, $103,000; Accounts Receivable $66,711; Prepaid Insurance, $2,000; Bank Deposits and Lease and Service Deposites, $31,211; and, finally, Trade Marks and Reissue Value of Negatives, $1,040,543. As to the last item, the petition stressed the fact that in the opinion of the board of directors a liquidation or discontinuance of the business would render this item worthless or of purely nominal valuation. Writ Restrains Russack Shortly after the petition was filed, Federal Judge Samuel Mandelbaum, who will probably preside over reorganization proceedings, issued an injunction restraining Benjamin Russack, creditor for $95, from levying execution on Grand National property. Saul E. Rogers is acting as attorney for the company. PRODUCTION + DISTRIBUTION + EXHIBITION + PERSONNEL + STUDIOS + ORGANIZATIONS + DIRECTORS + PLAYERS + TECHNICAL + EQUIPMENT + THEATERS + ASSOCIATIONS + TEN BEST A This is only a part of the many important items of information that will be found in the coming — 1940 Ik FILM DAILY YEAR BOOK OF MOTION PICTURES NOW IN PREPARATION