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With money raised from private companies interested in foreign trade, the foundation bought a roomy mansion on Washington's Florida Avenue, set up a $200,000-a-year endowment fund, hired a faculty of five (bottom salary: $8,000). In the fall of 1944, the school received its first 25 students...
This was a new sales tactic in the corset industry. But Gossard was in the midst of a $600,000-a-year ad campaign (double last year's), which it hoped would make it the biggest company in the field. With a potential market of 55 million women over the age of 15, U.S. corset & brassiere makers now sell $400 million worth of goods a year, are heading even higher. Of the more than 350 companies in the industry, almost half have been started within the past ten years...
...Powell, an aerial gunner who was wounded seriously by German flak in World War II, came back home to serve as $10,000-a-year aide to New Hampshire's senior Senator, Styles Bridges, who is no friend of Tobey's. Last November, Republican Powell announced he was out to beat Tobey. He set up campaign headquarters in the pantry of his Hampton Falls home. He had the encouragement and the help of Styles Bridges' compact New Hampshire political organization...
...left behind him his one-sentence resignation, effective as of Oct. 2 so that he could qualify under the law for a $6,000-a-year pension (payable to Mrs. O'Dwyer at his death). He also left a city somewhat groggy, after, his erratic administration, and a sizzling political situation...
Schram met plenty of opposition from old-line brokers who scoffed at his $500,000-a-year advertising budget, sniped at his $100,000-a-year salary. As late as last November, a group of floor traders tried to cut down his authority, give some of his powers back to Exchange-member committees. Schram quelled the revolt by pointing out that it was just this "old, discredited committee system" which had given Wall Street its bad name. A month later, 56-year-old Emil Schram was struck down by a heart attack...