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Died. Frank Edson White, 57, up-from-the-bottom president of Armour & Co. (meats), vice president of Armour Leather Co., a director of Continental Illinois Bank & Trust Co., Stock Yards National Bank, American Surety Co., and Chase National Bank (New York); by falling from a seventh-story apartment; in Chicago. Night before, at a dinner at the packing plant restaurant, he had fallen accidentally from the speakers' platform, hurt his head. It was not believed that the injury was serious, but he complained of feeling unwell. His friend Treasurer Philip L. Reed of Armour & Co. left him alone...

Author: /time Magazine | Title: Milestones, Jan. 26, 1931 | 1/26/1931 | See Source »

Promoter Halle. Had it not been for bigheaded, grey-wigged, hooknosed, bespectacled little Promoter Halle, now 62, even Ogden Armour's daring would not have borne fruit. Promoter Halle rushed back & forth between his Chicago and Manhattan apartments and his farmhouse in Westchester County (all full of expensive antiques, which he collects passionately) to promote Carbon Petroleum Dubbs's inventions and to direct patent suits such as the one against Standard of Indiana, which already has cost $1,800,000, is still to come to trial. Previously he had helped Armour retrieve a failing investment, Standard Asphalt & Rubber...

Author: /time Magazine | Title: Business & Finance: Cracking Wealth | 1/19/1931 | See Source »

...Standard of California and Shell Union; the royalties they had to pay were tremendous. So a holding company for them, called United Gasoline Co., negotiated to buy Universal Oil Products for $22,249.999. Halle, Dubbs, et al and most of a modern staff of 350 go with it. Mrs. Armour and they retain some stock interest in it and in its huge dividends, so that Mr. Halle says: "$22,000,000 does not tell the whole story of what we all made of it." Last week's proceeds were as follows...

Author: /time Magazine | Title: Business & Finance: Cracking Wealth | 1/19/1931 | See Source »

...Armour...

Author: /time Magazine | Title: Business & Finance: Cracking Wealth | 1/19/1931 | See Source »

...distinguished-looking, keen-eyed Mrs. Armour this good fortune meant the added satisfaction of being able to receive her old friends under more fitting circumstances than she had been able to in the modest Sheridan Road flat she has occupied (though with pride and dignity) for almost four years. To Inventor Dubbs, who has been living quietly on his Universal Oil Products salary and dividends at Wilmette, III. it meant wealth on which he may take his first vacation in 20 years and by which he may give his three children future advantages. That he will not spend it lavishly...

Author: /time Magazine | Title: Business & Finance: Cracking Wealth | 1/19/1931 | See Source »

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