Word: busches
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Dates: during 1930-1939
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Unique development of the convention's lighter side was a free, three-day beer party given by Anheuser-Busch on the grounds of its famed brewery on the banks of the Mississippi. More than 100,000 guests were served by 80 bartenders who put out the brew so fast that it had to be supplied from freight cars shunted up on a siding. Host was Adolphus A. Busch Jr., whose aged grandmother Lilly, caught in her native Germany when the War broke out, was callously stripped and searched as a spy at Key West when she finally got back...
Since beer is a cheap, bulky commodity, most breweries depend on a local market. Pfeiffer, which works at top speed to brew 400,000 bbl. a year, is more typical of the industry than Anheuser-Busch, Pabst or Schlitz. Pfeiffer's president is William George Breitmeyer, nephew of the German brewmaster who founded the company. Shy and laconic at his desk but jovial away from it, Brewer Breitmeyer has a simple explanation for his own success: "I have only one hobby. I collect friends." An aid in this hobby is his stock of old German drinking songs, inherited from...
Those were probably the most fabulous shares in all corporate history. St. Louis banks were always ready to value them at $25,000 per share as loan collateral, although they had no market. In a private sale one share actually changed hands at $60,000. No one but the Busches and Anheusers ever knew precisely how much money their brewery made, but the executors of Adolphus Busch's estate reported to the courts that they had received $9,100 dividends per share in a 27-month period between...
...revealed little about the conservative old concern except its profits since Beer. Heavy expenses for renovating its brewing business held last year's earnings to a measly $325,000. Even more has been spent on improvements so far this year, but in the seven months through July Anheuser-Busch made...
...House of Anheuser-Busch today stands for many things besides beer. Founder Adolphus' son August Busch managed to pay small dividends pretty regularly through the dry years by making near-beer, yeast, malt and corn syrups, truck bodies, cabinets, Bevo, ice-cream, ginger ale, Diesel engines for U. S. submarines. Other interests include a local coal company, the Hotel Adolphus in Dallas, Tex. and the tiny St. Louis & O'Fallon Ry. whose valuation case in the Supreme Court made railroad history. August Busch died by his own hand two months after Repeal (TIME, Feb. 19). Adolphus Busch...