Business & Finance: Downtown

¶ Imitating Barren Collier who compromised with his creditors (TIME, June 12), another overburdened tycoon, cinema's Jesse Louis Lasky, last week filed a debtor's petition under the new Federal bank ruptcy act. He listed assets of $134,000, liabilities of $2,020,000, laid his troubles to having personally guaranteed bond issues for Manhattan's Fifty-Seventh Street Building Co. and Eighth Avenue Building Corp. Said he: "I feel that I have been more than fair with all my creditors, for in order to pay the charges on the properties above mentioned. I have had to borrow and...

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