Sodom and Gomorrah : the story of Hollywood (1935)

Record Details:

Title:
Sodom and Gomorrah : the story of Hollywood
Date:
1935
Publisher:
Los Angeles : End Poverty League
Volume:
Sodom and Gomorrah : the story of Hollywood
Leaf #:
000229
Language:
English
Collection:
Books
Format:
Books
Contributor:
Media History Digital Library
Sponsor:
Media History Digital Library
Coordinator:
Media History Digital Library
Description:
Date Added:
March 28, 2024
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do id A H 22 5 to the extent of $31,000,000. This was done for the express and exclusive purpose of expansion. It was agreed by the officials that no other encumbrance or lien was to be created against the assets, hat happen. A paper subsidiary was immediately created to which was transferred $10,000,000 of the compai in direct violation of the agreem This plan worked so well that subsequently the Paramount Distributing Company, the Paramount Foreign Company, and the Paramount Pictures, Inc.. were created, to which were transferred the remaining assets, leaving the Paramount Publix Corporation 1932 i an empty shell. It is not astonishing, therefore, that the -tock in the corporation fell at this time to seventy-five cents a share. The company slipped quietly into bankruptcy. An investigating congressman declared this, as well as the dishonest manipulation^ of some other companies, including Pathe. was one oi the greatest swindles ever per d on helpless stock and bond holders. Incidentally, right now both Pathe ( selling for a dollar a share > and Param< aint are planning reorganization. Pathe v. .lareholder^ one certifi. the new for t he old! The industry would be :han bankrupt re it not for the gigantic monopoly it enjoys in the field of entertainment. This monopolv which