Word: although
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Dates: during 1920-1929
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...whereby TIME readers might judge whether they wanted FORTUNE. The point: that "business" (or what Philosopher Dewey calls "technological industry") is the dominant characteristic of the present age. As authority for this quasi-philosophical observation, FORTUNE chose the man who has most frequently been called "greatest U. S. philosopher" although many another might have been used, as for example Rev. Henry Sloane Coffin who said (TIME, Oct. 14): "The entire globe is being embraced in a commercial order determined by physical science. . . ."-ED. Scheme Sirs...
...tall, lean, Indian-like. Legend says that during some 20 years of speculating he has four times pyramided a $1,000 stake to $500,000, and lost it. Since July, Bear Danforth has clawed feverishly, often turning from bear tactics to buy a stock for a quick play. Although new Danforth fortunes are set at $5,000,000 or $7,000,000, or $10,000,000, knowing friends claim he is not the decline-causing bear of Manhattan gossip, but a shrewd trader who follows trends. Married, Bear Danforth has three children and a Bellanca airplane used chiefly for trips...
...boxes to 30 pfennigs, giving the independents larger profits, the government larger revenue from taxes. To Kreuger & Toll the terms mean a continuation of its German profits. To Matchmaker Kreuger they mean another triumph in the diplomatic relations that exist between Swedish Match and the rest of the world. Although Herr Kreuger has been Great Matchman for the past dozen years, it was only last year that alert U. S. investors first became familiar with him (TIME, Oct. i, 1928). Then it was that Manhattan's Lee, Higginson Co. floated part of a $60,000,000 Kreuger & Toll bond...
...excellent matches and the price is fixed by an agreement between Herr Kreuger and a government committee. In 1927 Herr Kreuger enabled Premier Raymond Poincare of France to complete the stabilization of the franc with a $75,000,000 loan in return for a semimonopoly in French matches. Although Herr Kreuger is always willing to make a large loan investment in order to eliminate competition, he has also succeeded in reducing competition to a minimum even in Great Britain, Germany and Italy, where no government-monopoly has aided him. In this country, his International Match Co. controls about...
...Although Herr Kreuger has raised many millions of dollars in foreign countries, none of his expansion program has been attended with any risk of loss of control. Class A shares of Kreuger & Toll, central Kreuger company, must be held by Swedes; Class B shares, permissible to foreigners, carry only one vote per thousand shares...