Word: businessman
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Dates: during 1920-1929
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Last week Chicago officials admitted that the city faced bankruptcy, that it had borrowed up to the legal limit on anticipated revenue, that only a Businessman's Commission could prevent financial disaster. Taxes were far behind because of assessments rank with favoritism. Fifty thousand city employes, chiefly firemen and policemen, were threatened with a prolonged suspension of pay. The extravagance of the Thompson administration was directly blamed. The Businessman's Commission, said the Chicago Tribune, was "a confession of moral and intellectual bankruptcy which is far more serious than fiscal bankruptcy...
...President was told that the very life-breath of Republicanism in Kentucky depended upon the Lucas appointment as Commissioner of Internal Revenue. President Hoover reluctantly acquiesced. Good man though Kentucky's Lucas might prove to be, he did not, at face value, represent the big-bore, experienced businessman that had been prescribed by Treasury chiefs and first-class Senators to administer the vital tax-collecting branch of the Government...
Finally last week the exhausted politicians arranged for parliament to elect as chancellor no one of their number, but a potent businessman, Dr. Ernst Streeruwitz, who in his youth was a smart cavalry officer of the Habsburg Imperial Guard. Such a choice will not long be stomached by the second largest Austrian party, the radical, devoutly Marxian "Social Democrats...
...Last week, when Paris correspondents feverishly cabled their great scoop, every well-informed businessman knew about the giant I.T.&T. whose stock had gone up more than 100 points in one year. A year ago, before the Brothers Behn acquired the Mackay telegraph and cable systems (TIME, April 2, 1928), many an executive would have been put to it to explain: 1) What was the International Telephone & Telegraph Corp.; and 2 ) Who were Sosthenes and Hernand Behn...
Died. James Brander Matthews, 77, famed New Yorker; of influenza; in Manhattan. He was the son of a New Orleans businessman. Educated at Columbia University, he taught there for 32 years, holding the first chair specifically devoted to the drama in any U. S. University. He married English Actress Ada Smith (1873) who died in 1924. He wrote more than 35 books?essays, drama criticism, plays, tales. Great in geniality, he drew about him potent men of his time: William Dean Howells, Mark Twain, Rudyard Kipling, Theodore Roosevelt. The friend of thousands, he once received a book from Mark Twain...