Show Secure Reputation Truck Mogul Parlays 2000 Into a 6 Million B Business siness By ny Kr ri Ml crick C. C O Othman man WASHINGTON ASHINGTON I always thought it took money in large chunks to start a R. business This shows how stupid stupid stupid stu stu- pid I am So lets let's consider a R. brainy fellow fellow fellow fel fel- low like James Tames Gottlieb of Chicago Chicago Chicago Chi Chi- cago who organized a trucking corporation with 1000 shares of stock worth th 2 each He bought em all for 2000 Then he signed ned a contract to haul the prefab houses built by which went bankrupt later on in government govern overn government government ment money The White Motor Co sold him trucks tractor-trucks worth each on tick The Fruehauf Trailer Co sold him giant tra trailers also worth a copy with a down payment p payment pay pay- y- y ment of Where'd he heget heget heget get that The portly Gottlieb fingered his red white and blue tie and told the senate committee in investigating investigating in- in the fiasco that he borrowed this from some New York fellows Now he was vas in business busine with a month coming coming- in from Loans Ioan G Gs G's So Gottlieb loaned one of his partners James O. O Buckley ley It just happened that Buckley w was s al also a director of Lustro Then Gottlieb loaned some com company pan y cash to his brother John and about 35 35 to himself l What did the company get getas as ns security 7 asked Senator Charles W. W Tobey R. R N. N H. H They got me snapped Gottlieb Gott Gott- lieb Yes said the senator Two hundred pounds of avoirdupois Well I got money and I expect to pay it back retorted the indignant Gottlieb The senators like myself were properly amazed at the way 2000 had borne fruit they were more amazed at the fact that Gottlieb had charged Lus Lus- tron rent on giant trucks when he only had Put Up Reputation And you put up no money for or any of those tractors be bean began began be- be gan an Senator J J. J William Villiam Ful- Ful br ight ht D. D Ark No roared Gottlieb I put up my reputation The injustice of this questioning question question- ing almost brought tears to the eyes of trucking magnate Gott Gott- lieb He grew redder in the face ace than in the cravat and finally exploded I r dont don't know what the argument argument argument ment is about We e didn't borrow borrow borrow bor bor- row no mon money from the Reconstruction Reconstruction Recon Recon- Finance Corp Lus Lus- tron did Ve We didn't owe no money to Let em pay us IS back hack what they thy owe Ungrammatically An Angry rr The angrier Gottlieb became the less he sounded like a grammar grammar grammar gram gram- mar mar- teacher but nobody complained complaIned complained com com- about that thaL The senators SEnaI senators sena sena- tors were interested in all that I money he loaned to himself and his cohorts You wore were running a loan loana a agency inquired S Senator e n a t o r Tobey We Ve didn't steal no money insisted Gottlieb Gottlib lEver Every cent will be paid back I hope it is Originally part of it was mine paid Gottlieb and Co nearly to move 2000 houses to their building sites The came from the kitty advanced advanced advanced ad ad- by the R F C. C And a asma sma small portion of that was ad advanced advanced ad- ad by me mc As I say I guess Im I'm ju just t stupid Copyright 19 1950 0 by hy United Feature S Syndicate |