Word: bag
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Dates: during 1930-1939
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...eight o'clock, when I decided that if I were to have breakfast and get to class, I had better rise. They say Professor Merriman gets awful mad if you come in even one minute late. His nickname, so one boy said--an upperclassman, I gathered, from his green bag,--is "Friskie." I wonder...
...touched. Fourth of six brothers, he was born in New York City 51 years ago. At 25 he went to work as a salesman in the wood pulp & paper firm of Perkins-Goodwin Co. where his older brother Lou already had a job. Three years later Union Bag & Paper, biggest U. S. bagmaker, offered him $40 a week to come to them. After a month he was fired in an economy drive. But the Calder luck came through on schedule-an older salesman retired before Sandy's notice was up and he regained his job. He has justified...
...paper bag was still a not very efficient novelty in 1869 when Union was started by a group of bagmakers solely to monopolize early bag-machine patents for leasing. By 1900 Union had expanded into a $27,000,000 manufacturing trust, sold 4,000,000,000 bags, 80% of the U, S, total, But Union's profits dwindled steadily from $1,500,000 in 1899 to $43,000 in 1912, In 1913 a new president was installed-John S, Riegel, head of Riegel Bag & Paper Co, Mr, Riegel jerked Union's profits...
...expenses $100,000 at once, shifted to imported pulp, at year's end had a neat $112,500 profit. A price war next year produced a deficit again, but since then Union has enjoyed steady profits. However, to take the drastic steps needed to catch up with the bag revolution, Sandy Calder needed control of the company. He and Brother Lou Calder, now president of Perkins-Goodwin, bought Union common stock steadily at its 1932 low of $5.50. In January 1934 they had control and headed south to Savannah, Ga. to build one of the world's biggest...
...stock to provide an additional $1,500,000 needed. Union's Savannah plant started operation in July 1936 and Union has now caught up fully with the paper revolution. Last year it made 7,000,000,000 of the U. S. total of 50,000,000,000 paper bags. Its $10,800,000 bag sales were 13% of the U. S. gross of $80,000,000 and its profits totted up to $387,000. And last week as his stockholders voted to split their shares and also issue $7,000,000 in convertible debentures. President Calder was able...