Last week a crowd gathered on the steps of New York County's Supreme Court House to witness a bankruptcy sale of the property of Hudson River Navigation Corp. Forced to earn a year's maintenance in four summer months, the 100-year-old concern went under in 1932, has since been operated at a loss by court trustees. Sole bidder for its assets last week was a contractor named Harry R. Pearley, whose offer of $100,100 was promptly accepted. Newshawks soon found that the real buyer was not Mr. Pearley but a fat and fabulous man named...
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