Business: Money from God

Nearly every Texan knows that United North & South Development Co. of San Antonio is the corporate alter ego of pious, mystical Edgar B. Davis who spent $1,300,000 keeping a feeble drama called The Ladder going for two years on a completely apathetic Broadway. Last week a San Antonio Federal judge disclosed that North & South Development Co. had been declared insolvent last month. Not merely insolvent but absolutely penniless was Edgar B. Davis at the age of 62. He had lost his home in a mortgage foreclosure. He had sold all his automobiles,...

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