Rescue Into Ownership

“We accepted stock in the business in lieu of rent. Meanwhile, some of the underwriters had backed off, and the company was in hock to the contractors who were building the shows. The builders and suppliers were threatening to close things down before the show even started. Freedomland still seemed like a good promotion: to get our money out, we put more in. We took forty percent of the company's stock and advanced them money to pay off a few million in due bills. This process continued: we ended up owning Freedomland.”

“Having little capital of our own, we reverted to the tactics and style of the early 1940' s and became packagers and promoters for other people.”