Prelude to Battle

"What more sacrifices are there for me to make to save the companies from the destruction and dismemberment of receivership into which their powerful enemies are bent upon plunging them?" Cineman William Fox asked this question last week--another appeal to his stockholders, perhaps the last before they gather on March 5 to decide the fate of Fox Films & Fox Theatres. Desperate as the Fox appeal sounded, Cineman Fox must have gained at least some slight assurance last week from the thought that his famed and feared Lawyer Samuel Untermyer was bending his gaze on the Fox dilemma. Lawyer Untermyer had already dismissed a reorganization plan devised by Halsey, Stuart & Co., calling it "a mere gesture to force the company into receivership. . . ." Nor did he show any signs of meek capitulation to a plan suggested by Elisha Walker's Bancamerica-Blair &-- Co. and Clarence H. Dillon. A lawyer who has worsted Charles Evans Hughes (Manhattan traction case), who wears orchids with impunity, he may well seem soothing to his harassed client.

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