Cinema: Fox Holed

Last week almost the entire cinema industry—producers, exhibitors, makers of sound equipment—felt sheepishly good. A fox which had been snarling at their heels for more than a year was curtly flicked back into his hole by Washington's nine wise old men, and the industry wondered why it ever got excited in the first place.

In 1929 bald, acquisitive William Fox was the grand panjandrum of filmland. Next year he was ousted from control of his companies by a coalition of creditors. With $21,000,000 in cold cash and a five-year pension of $500,000 annually,...

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