Business & Finance: Siege

There is one type of structure, and only one, which the modern housewrecker with all his pneumatic drills and acetylene torches finds himself hard put to destroy. Even the late Jacob Volk, who called him- self ''the most destructive force in Manhattan," even the Napoleonic Herman Sonken of Kansas City, who has torn down whole towns and railroads in his timeā€”even such experienced destroyers have much respect for vaults, especially vaults of reinforced concrete lined with steel.

Such a vault confronted World House-wrecking Co. Inc. in...

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