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Ever since Floyd Bostwick Odium's Atlas Corp. jumped into the tangled affairs of Utilities Power & Light Corp. in 1935. an air of electricity has hung about everything connected with the $400,000,000 holding company and its pyramiding promoter, Harley Lyman Clarke. Since last autumn, when Promoter Clarke was edged out of the U. P. & L. presidency, the charges and counter-charges have mounted to high-tension voltage. Last week came the first legal payoff in the whole business. In Chicago, Federal Judge William Henry Holly approved a voluntary petition from the company for a 77B reorganization, issued...

Author: /time Magazine | Title: Business: Clarke Squelched | 1/18/1937 | See Source »

Chapter 6. By the summer of 1935, however, Radio was ready to wash its hands of an unhappy stepchild. In the autumn Floyd Bostwick Odium's Atlas Corp., biggest U. S. investment trust, paid Radio $5,000,000 for half of its interest in RKO, with an option on the rest to be exercised before the end of 1937. Joining Atlas in the purchase was Lehman Bros., interested in Keith-Albee-Orpheum Corp...

Author: /time Magazine | Title: Business: RKO Primer | 12/7/1936 | See Source »

...years ago Bonwit Teller became the only big Manhattan store with a woman chief executive. The job went to Mrs. Hortense McQuarrie ("Tenney") Odlum, sprightly wife of Floyd Bostwick Odlum, who had discovered the store among the assets of one of the investment trusts picked up by his Atlas Corp. during Depression.* It was Mr. Odlum's idea that the logical person to run a women's store was a woman. Since then the Odlums have been divorced, Mr. Odlum marrying Aviatrix Jacqueline Cochran, Mrs. Odlum becoming Mrs. Porfilio Dominici by mar rying a Paris surgeon. The corporate...

Author: /time Magazine | Title: Business & Finance: Storekeeping Atlas | 10/12/1936 | See Source »

...second was irreparable. In arranging the series the U. S. Polo Association had agreed to let the winners of the U. S. Open Championship represent the country. By substituting Winston Guest for Jock Whitney at Back and Stewart Iglehart for Gerald Balding at No. 2, the team-with Pete Bostwick and Tommy Hitchcock at Nos. 1 and 3-could have been improved but the U. S. Polo Association well knew that no such doings were permissible. Faster turf and the new U. S. mounts made the second game at Meadow Brook last week less one-sided but the upshot...

Author: /time Magazine | Title: Sport: At Meadow Brook | 10/5/1936 | See Source »

...Main reason for Argentina's victory last week was the fact that the Argentine mounts, which are likely to bring record prices after the series, were not only better but more numerous. After the fourth chukker, when the score was tied at 8-all, the U. S. team-Bostwick, Balding. Hitchcock, Whitney-began, as is customary, to use ponies that had already played a chukker. The Argentines-Duggan, Cavanagh, Gazzotti, Andrada-used fresh ones throughout the second half...

Author: /time Magazine | Title: Sport: 21-to-9 | 9/28/1936 | See Source »

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