Word: algerism
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...ended the blustery, earnest career of the civilian chief of history's greatest navy. It was a career compounded in equal parts of Horatio Alger and Teddy Roosevelt. The Alger element marked the rise of a paper boy to waiting on tables at Alma College, to $150,000-a-year general manager of 27 Hearst newspapers in 1928, and then to publisher-owner of the huge (412,148 circ.) Chicago Daily News in 1931. The Rooseveltian half of his life began in the Spanish-American War, when young Knox got a bullet hole through his hat and a "Bully...
Frank to concede the "deadly sins" of U.S. business as well as of labor (TIME, March 27, 1944), Author Johnston nonetheless believes that U.S. capitalism is the world's best economic system and is enormously proud of being a successful U.S. businessman. He writes that the "Alger pattern ... is unmistakably" apparent in his own life. His penniless, work-filled boyhood taught him that competition is the soul of every game, that competitive effort involves an immense cooperative effort, that communities and individuals boom together. "I plead guilty of being a Kiwanian," he declares, "sharing all the sins of extrovert...
...Peterhead Academy, and the provincial Rutherford College at Newcastle. At 16 he got his first job in a shipping office. He was at first refused. Wall telephones were the style then and sawed-off Catto couldn't answer the phone, which was part of his job. In true Alger-boy fashion he demonstrated by piling books on the floor, answered the first incoming call...
...past nine years the man who has really made Pepsodent click as a company has been a young character right out of Horatio Alger: a small, blond, Leslie-Howardish man named Charles Luckman. "Chuck" Luckman, now 34, began working as a Kansas City newsboy when he was nine, worked his way through high school and the University of Illinois toward his boyhood dream of becoming an architect. When he graduated in 1931, he had not only an architect's license but also a marriage license. To pay for the consequences of the latter, he took a draftsman...
...clerk's job with the Mellon-controlled Gulf Oil Corp. But that was as far as the Mellon help went. With only some fatherly advice from Gulf's Board Chairman, W. L. Mellon, Tom Evans made his way alone. For six years he saved money, like an Alger hero; and played the stockmarket, unlike an Alger hero. Thus he collected $10,000. He wanted to find and buy a family-owned business that had gone to pot. In the down-at-the-heels H. K. Porter Co., in Pittsburgh's slummy Lawrenceville section, he found it. Once...