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Word: beech (lookup in dictionary) (lookup stats)
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...Bart Arkell started with $10,-ooo, less than ten employes and an idea that the public would buy hickory-cured ham - his only product at the start. Be fore he eased off he had pushed Beech-Nut to No. 3 place in the U.S. confectionery industry, built its assets to $22,800,000 without a cent of debt...

Author: /time Magazine | Title: PERSONNEL: Welfare Capitalists Jubilee | 5/5/1941 | See Source »

...still hale, cocksure of him self. His occupational paunch does not stop him from playing golf (usually two holes), drinking his favorite cocktail (Scotch old-fashioned), eating his favorite foods (Beech-Nut). A onetime Judge employe, he bubbles when he tells a story. And his summer place at Manchester, Vt. is always open house for any good Republican...

Author: /time Magazine | Title: PERSONNEL: Welfare Capitalists Jubilee | 5/5/1941 | See Source »

...Beech-Nut's products and workers are likely to remain his chief interest. He tried to make Beech-Nut's home, Canajoharie in New York's Mohawk Valley, a model town without looking like it, gave it an art museum and a library, put boxes of flowers on the village's lampposts (an idea he picked up in Hungary). In the old days before the clatter-clang of modern machinery, he hired a pianist to relieve the workers' tedium. Last year, on top of above-average wages, the company set aside...

Author: /time Magazine | Title: PERSONNEL: Welfare Capitalists Jubilee | 5/5/1941 | See Source »

Unusual for a company with such continuity of management is the way Bartlett Arkell kept adding new products to the Beech-Nut line (beginning with jam which his sister came down to the plant and made). These new products are the key to Beech-Nut's rising profits, for today the cured meats account for less than 2% of earnings. Biggest money-maker is chewing gum, which Brother-in-law F. E. Barbour handles. Other big items are strained foods, coffee, peanut butter, soup. Dropped along the way are tomato juice (1940), biscuits (1940), ginger ale, fish bait...

Author: /time Magazine | Title: PERSONNEL: Welfare Capitalists Jubilee | 5/5/1941 | See Source »

Arkell's care for Beech-Nut extended even to his son. To make him a better factory man he sent him to M.I.T., apprenticed him in every branch of the business. Today the son takes over at high tide. Last year Beech-Nut made $2,889,940-an all-time high equal to $6.61 a share. First-quarter earnings of this year are still better. Even at the low tide of 1932, Beech-Nut made $3.78 a share. Over 50% of these profits goes straight to the Arkell family and company executives. But an outsider who bought one share...

Author: /time Magazine | Title: PERSONNEL: Welfare Capitalists Jubilee | 5/5/1941 | See Source »

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