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...Swift of Swift & Co. (a meat peddler of Barnstable, Mass, who went West to enter Chicago's packing industry), Son Edward Foster grew up in his father's business as a shrewd cattle buyer, headed the worldwide organization after Elder Brother Louis Franklin retired last January. Unlike Armour & Co. (in which there are now no active Armours), Swift & Co. has had all the services of all the Swifts. Day before Chairman Swift's death, the company had halved its dividend...

Author: /time Magazine | Title: Milestones, Jun. 6, 1932 | 6/6/1932 | See Source »

...which they handled 114 other than meat) and ordered to get rid of their stockyards and terminal facilities, their market newspapers, their warehouse investments. Because the packers agreed to do this rather than face possible fines for criminal acts the case was called the "Consent Decree." Year ago Armour and Swift, backed by lesser packers, sought to have the decree modified. The Supreme Court of the District of Columbia agreed to their plea that distribution methods have changed, that they should be allowed to handle (wholesale only) groceries, fruits, vegetables, dairy products...

Author: /time Magazine | Title: Business & Finance: Deals & Developments | 5/9/1932 | See Source »

...Fogelson surmised that if he fed patients great quantities of mucin, enough mucin would remain in their stomachs to coat the ulcers against the gastric juices. A surplus of mucin would also counteract the destructive juices. Dr. Fred Fenger of Armour & Co.'s research laboratory in organotherapeutics furnished a supply of mucin from hog stomachs. Dr. Fogelson tried this on dogs. The mucin worked...

Author: /time Magazine | Title: Medicine: Ulcers, Anemia & Hogs | 4/4/1932 | See Source »

Died. Alfred S. Austrian, 61, Chicago lawyer; of a gastric ailment; in Chicago. Learned, eloquent, he had successfully represented Armour & Co. in defense of its acquisition of Morris & Co. which the U. S. Government contended was a violation of the Clayton Anti-trust Act. Among his other clients were Lumberman James Stanley Joyce (divorced by Peggy); the late William Wrigley Jr.'; Erlanger theatre interests; White Sox baseball club; the Chicago Tribune...

Author: /time Magazine | Title: Milestones, Feb. 8, 1932 | 2/8/1932 | See Source »

...often"), spent millions to publicize his gum in practically every country of the globe. He lost several small fortunes in the process. But the fortune he finally attained was reputed to be close to $100,000,000. In 1917 he bought an interest (along with Jonathan Ogden Armour and Albert David Lasker) in the Chicago Cubs, the money-losing, badly run National League baseball club whose members lived so riotously that Wrigley virtually took on the role of reformer as well as part owner. In 1924 he bought out the Lasker interest, became owner of about 71% of the Cubs...

Author: /time Magazine | Title: Business: Death of Wrigley | 2/1/1932 | See Source »

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