When a company shows two consecutive deficits of $45 and $38 on its first preferred stock, it is about time for that company to retire. Fisk Rubber Co. bondholders had some such idea in January 1931, when they threw the company into receivership after it failed to pay off an $8,000,000 note. Most people thought the last had been heard of Fisk.
Liquidation seemed likely, perhaps an auction of the properties. From posters at hairpin curves and blind bridges no more would Fisk's stocky little boy, ready for bed, candle in hand, peer down the...
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