J. Lehrenkrauss Corporation
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J. Lehrenkrauss Corporation
The J. Lehrenkrauss Corporation was a Brooklyn, New York-based company which became insolvent in 1934. History On January 25, 1935, Julius Lehrenkrauss, the 67-year-old head of the firm, was convicted of mail fraud in the sale of $1,600,000 of preferred stock. Its failure happened during the Great Depression when credit lending agencies were strained due to deflation and a weak economy in the United States in the early 1930s. Government prosecutors alleged that the business was bankrupt in 1932 and 1933, at the time the stock was sold. Lehrenkrauss received a suspended sentence because of his advanced age. Two partners and a former salesman for the firm were given active prison terms. The hearing at the Brooklyn federal courthouse on January 15, 1934, was attended by over 3,000 people—more than ten times its capacity. The gathering was featured on the front page of the next day's '' Brooklyn Eagle'', which said it was the largest courthouse crowd the borough had ever seen. Beca ...
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Brooklyn, New York
Brooklyn () is a borough of New York City, coextensive with Kings County, in the U.S. state of New York. Kings County is the most populous county in the State of New York, and the second-most densely populated county in the United States, behind New York County (Manhattan). Brooklyn is also New York City's most populous borough,2010 Gazetteer for New York State
. Retrieved September 18, 2016.
with 2,736,074 residents in 2020. Named after the Dutch village of Breukelen, Brooklyn is located on the w ...
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Fulton Street (Brooklyn)
Fulton Street is a long east–west street in northern Brooklyn, New York City. This street begins at the intersection of Adams Street and Joralemon Street in Brooklyn Heights, Brooklyn, Brooklyn Heights, and runs eastward to East New York, Brooklyn, East New York and Cypress Hills, Brooklyn, Cypress Hills. At the border with Queens, Fulton Street becomes 91st Avenue, which ends at 84th Street in Woodhaven, Queens, Woodhaven. The street is street name, named after Robert Fulton; a Fulton Street (Manhattan), street of the same name in Manhattan was linked to this street by Fulton with his steam ferries. For a hundred years before the Fulton Ferry monopoly, Fulton Street was the Ferry Road through Jamaica Pass and, in the centuries before any ferry service, Indian path to the Hempstead Plains. It began at the Fulton Ferry Landing and climbed south through Brooklyn Heights past Brooklyn Borough Hall to where it now begins at Adams Street. Part of the original Fulton Street survive ...
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Defunct Companies Based In New York City
Defunct (no longer in use or active) may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained or required even though it may still be in good working order. It usually happens when something that is more efficient or less risky r ...
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Companies Based In Brooklyn
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "arti ...
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An American Journey Of Ambition, Ego, Money, And Power
An, AN, aN, or an may refer to: Businesses and organizations * Airlinair (IATA airline code AN) * Alleanza Nazionale, a former political party in Italy * AnimeNEXT, an annual anime convention located in New Jersey * Anime North, a Canadian anime convention * Ansett Australia, a major Australian airline group that is now defunct (IATA designator AN) * Apalachicola Northern Railroad (reporting mark AN) 1903–2002 ** AN Railway, a successor company, 2002– * Aryan Nations, a white supremacist religious organization * Australian National Railways Commission, an Australian rail operator from 1975 until 1987 * Antonov, a Ukrainian (formerly Soviet) aircraft manufacturing and services company, as a model prefix Entertainment and media * Antv, an Indonesian television network * ''Astronomische Nachrichten'', or ''Astronomical Notes'', an international astronomy journal * '' Avisa Nordland'', a Norwegian newspaper * '' Sweet Bean'' (あん), a 2015 Japanese film also know ...
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Foreclosure
Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan. Formally, a mortgage lender (mortgagee), or other lienholder, obtains a termination of a mortgage borrower (mortgagor)'s equitable right of redemption, either by court order or by operation of law (after following a specific statutory procedure). Usually a lender obtains a security interest from a borrower who mortgages or pledges an asset like a house to secure the loan. If the borrower defaults and the lender tries to repossess the property, courts of equity can grant the borrower the equitable right of redemption if the borrower repays the debt. While this equitable right exists, it is a cloud on title and the lender cannot be sure that they can repossess the property. Therefore, through the process of foreclosure, the lender seeks to immediately ...
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Simon & Schuster
Simon & Schuster () is an American publishing company and a subsidiary of Paramount Global. It was founded in New York City on January 2, 1924 by Richard L. Simon and M. Lincoln Schuster. As of 2016, Simon & Schuster was the third largest publisher in the United States, publishing 2,000 titles annually under 35 different imprints. History Early years In 1924, Richard Simon's aunt, a crossword puzzle enthusiast, asked whether there was a book of ''New York World'' crossword puzzles, which were very popular at the time. After discovering that none had been published, Simon and Max Schuster decided to launch a company to exploit the opportunity.Frederick Lewis Allen, ''Only Yesterday: An Informal History of the 1920s'', p. 165. . At the time, Simon was a piano salesman and Schuster was editor of an automotive trade magazine. They pooled , equivalent to $ today, to start a company that published crossword puzzles. The new publishing house used "fad" publishing to publish bo ...
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Fred Trump
Frederick Christ Trump Sr. (October 11, 1905 – June 25, 1999) was an American real estate developer and businessman. A member of the Trump family, he was the father of Donald Trump, the 45th president of the United States. In partnership with his mother, Elizabeth Christ Trump, Fred began a career in home construction and sales. Their real estate development company was incorporated as E. Trump & Son in 1927 (later called the Fred Trump Organization). It grew to build and manage single-family houses in Queens, barracks and garden apartments for U.S. Navy personnel near major shipyards along the East Coast, and more than 27,000 apartments in New York City. Trump was investigated by a U.S. Senate committee for profiteering in 1954, and again by the State of New York in 1966. Donald became the president of his father's real estate business in 1971, and they were sued by the U.S. Justice Department's Civil Rights Division for violating the Fair Housing Act in 1973; ...
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The Wall Street Journal
''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published six days a week by Dow Jones & Company, a division of News Corp. The newspaper is published in the broadsheet format and online. The ''Journal'' has been printed continuously since its inception on July 8, 1889, by Charles Dow, Edward Jones, and Charles Bergstresser. The ''Journal'' is regarded as a newspaper of record, particularly in terms of business and financial news. The newspaper has won 38 Pulitzer Prizes, the most recent in 2019. ''The Wall Street Journal'' is one of the largest newspapers in the United States by circulation, with a circulation of about 2.834million copies (including nearly 1,829,000 digital sales) compared with ''USA Today''s 1.7million. The ''Journal'' publishes the luxury news and lifestyle magazine ' ...
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Mortgage Servicer
A mortgage servicer is a company to which some borrowers pay their mortgage loan payments and which performs other services in connection with mortgages and mortgage-backed securities. The mortgage servicer may be the entity that originated the mortgage, or it may have purchased the mortgage servicing rights from the original mortgage lender. The duties of a mortgage servicer vary, but typically include the acceptance and recording of mortgage payments; calculating variable interest rates on adjustable rate loans; payment of taxes and insurance from borrower escrow accounts; negotiations of workouts and modifications of mortgage upon default; and conducting or supervising the foreclosure process when necessary. Many borrowers confuse their mortgage servicer with their lender. A mortgage servicer may be a borrower's lender, but often the beneficial rights to the payment of principal and interest on mortgages are sold to investors such as Fannie Mae, Freddie Mac, Ginnie Mae ...
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The New York Times
''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid digital subscribers. It also is a producer of popular podcasts such as '' The Daily''. Founded in 1851 by Henry Jarvis Raymond and George Jones, it was initially published by Raymond, Jones & Company. The ''Times'' has won 132 Pulitzer Prizes, the most of any newspaper, and has long been regarded as a national " newspaper of record". For print it is ranked 18th in the world by circulation and 3rd in the U.S. The paper is owned by the New York Times Company, which is publicly traded. It has been governed by the Sulzberger family since 1896, through a dual-class share structure after its shares became publicly traded. A. G. Sulzberger, the paper's publisher and the company's chairman, is the fifth generation of the family to head the pa ...
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Brooklyn Eagle
:''This article covers both the historical newspaper (1841–1955, 1960–1963), as well as an unrelated new Brooklyn Daily Eagle starting 1996 published currently'' The ''Brooklyn Eagle'' (originally joint name ''The Brooklyn Eagle'' and ''Kings County Democrat'', later ''The Brooklyn Daily Eagle'' before shortening title further to ''Brooklyn Eagle'') was an afternoon daily newspaper published in the city and later borough of Brooklyn, in New York City, for 114 years from 1841 to 1955. At one point, it was the afternoon paper with the largest daily circulation in the United States. Walt Whitman, the 19th-century poet, was its editor for two years. Other notable editors of the ''Eagle'' included Democratic Party political figure Thomas Kinsella, seminal folklorist Charles Montgomery Skinner, St. Clair McKelway (editor-in-chief from 1894 to 1915 and a great-uncle of the ''New Yorker'' journalist), Arthur M. Howe (a prominent Canadian American who served as editor-in-chief from 19 ...
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