Business: Yellow Cab

One of the sensational developments in the recent sharp decline in stock prices has centered about Yellow Cab.

Only a few months ago, Chicago apparently produced another miracle man of business in John Hertz, who had begun to operate bus and taxicab companies. The shares of his several cab companies were at first marketed only in Chicago, and attracted a most enthusiastic following. Fortunes in them were made overnight. In February, 1923, Hertz acquired Chicago Motor Coach, a defunct bus company. Only $5 was paid in on the common stock, yet in a few...

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