Copyright 2020
Greenstone Media Consulting, LLC
Greenstone Media Consulting, LLC
American Broadcasting Company
Seattle - 1929
Seattle - 1929
The Crash
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Curiously, none of the newspaper accounts of ABC’s flaming crash, nor any subsequently published historical accounts, mention the All-BC. While it is unclear in what state it had been incorporated, there is no record publicly available of its dissolution so it is entirely possible that it remained in existence for some time following the American Broadcasting Company's collapse.
It's also unclear what funding might have remained under the All-BC’s control in August, 1929. One would assume that the receiver who controlled winding down ABC would have pursued the return of any Puget Sound Savings and Loan funds which might have wound up in All-BC’s accounts. However, since All-BC was an entirely separate corporation from ABC, the ABC receiver would not seem to have any basis for seeking recovery of other funds which might have remained under All-BC’s control.
So it is not entirely surprising that immediately upon ABC’s crash in late August, Linden packed up his family and headed for New York clearly in search of new investors to try rescue ABC. It also seems entirely plausible that he fled to New York to pursue such initiatives through All-BC. He may also have had access to funds which remained in All-BC's coffers and it would have been far more plausible to try rescue what he could of ABC through All-BC rather than trying to gain control over ABC directly from its receiver. And then again, he may have hoped that George Coats, who remained in New York, could once again produce some kind of miracle.
It's also unclear what funding might have remained under the All-BC’s control in August, 1929. One would assume that the receiver who controlled winding down ABC would have pursued the return of any Puget Sound Savings and Loan funds which might have wound up in All-BC’s accounts. However, since All-BC was an entirely separate corporation from ABC, the ABC receiver would not seem to have any basis for seeking recovery of other funds which might have remained under All-BC’s control.
So it is not entirely surprising that immediately upon ABC’s crash in late August, Linden packed up his family and headed for New York clearly in search of new investors to try rescue ABC. It also seems entirely plausible that he fled to New York to pursue such initiatives through All-BC. He may also have had access to funds which remained in All-BC's coffers and it would have been far more plausible to try rescue what he could of ABC through All-BC rather than trying to gain control over ABC directly from its receiver. And then again, he may have hoped that George Coats, who remained in New York, could once again produce some kind of miracle.