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...Chicago newshawks were barred from Mr. Cutten's door which bears the name "Chicago Perforating Co." His friends were sure that the speculator who, once a $7-a-week stockboy in Chicago's Marshall Field's, had made $1,500,000 in corn in a single month and ten years ago cornered more wheat than any man in history (about 20,000,000 bu.), would appeal his case or transfer his trading activities to Canada where he was born. But later that day Speculator Cutten declared laconically: "What's the use of trading? The market doesn...

Author: /time Magazine | Title: Business & Finance: Cutten Case | 2/25/1935 | See Source »

George Marshall's successor is nearly everything that George Marshall is not. Arthur Grover Newmyer, 49, quit as general manager of the New Orleans Item-Tribune to join Publisher Hearst. His new job will complete a long, meritorious cycle: He began life as a $3.50-a-week stenographer on the Washington Times 35 years ago, when the late Walter Hutchins owned it. Arthur Newmyer, whose father ran a steam carpet-cleaning plant in Washington, rose to be night city editor. When the late unlamented Frank A. Munsey bought the paper and began to fire newshawks right & left, Newmyer transferred...

Author: /time Magazine | Title: The Press: Hearst Housecleaning | 1/14/1935 | See Source »

...Committee as having an annual income of $1,000,000 or more during the War was George Francis Johnson of Endicott, N. Y. A sandy-haired man of 77, George F. Johnson is chairman of Endicott Johnson Corp., second biggest shoe manufacturer in the U. S. Once an $18-a-week worker in the factory he now owns, President Johnson is conspicuous among tycoons for his liberal and friendly labor policy. Every time a baby leaves one of the three company-owned maternity hospitals, it carries tucked away in its blankets a bank book with a $10 deposit...

Author: /time Magazine | Title: Business: Death & Disgrace | 1/7/1935 | See Source »

Nine years ago Seymour Weiss was a $25-a-week manager of the Hotel Roosevelt barbershop in New Orleans. He was promoted to hotel pressagent. The best publicity job he ever did was to provide Governor Huey Long with a free and luxurious suite of rooms. Governor Long made him Colonel Weiss, appointed him treasurer of the Long political machine. Soon "Colonel" Weiss was appointed NRA Hotel Code chairman for 13 Southern states. Last week he was elected president of the newly formed New Orleans Roosevelt Corp., operator of the Hotel Roosevelt and the Hotel Bienville. Twenty-four hours later...

Author: /time Magazine | Title: Business & Finance: Personnel: Dec. 24, 1934 | 12/24/1934 | See Source »

...year was 1925, the grandson, 26-year-old Fowler McCormick, heir to International Harvester Co. millions. Fowler McCormick went to work at $35 a week for the company his other grandfather founded, lived in a $4-a-week boarding house, pitched horseshoes with his fellow workmen during lunch hour. From heaving 200-lb. pig iron ingots, he moved to engineering and on to sales, becoming assistant manager of domestic sales in 1933. Last week hard-working Fowler McCormick was elected vice president in charge of foreign sales...

Author: /time Magazine | Title: Business: Personnel: Dec. 10, 1934 | 12/10/1934 | See Source »

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