Short, bald-domed Albert Monroe Greenfield, 52, is Philadelphia's real-estate broker extraordinary. His personal fortune in 1929 was $15,000,000. The following year, along with Philadelphia banks and real estate, he tumbled deep into debt, has continued in this condition ever since. Still in business, he helps run the city Democratic machine, heads charities, is a director of the highly respectable Board of City Trusts. Among other distinctions, he is one of Jewry's few Papal Knights.
This spring young, ardently Republican State Secretary of Banking John C. Bell Jr., irked by Greenfield's debt-ridden calm, decided to turn on the heat. To collect...