Word: cabman
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Dates: during 1930-1939
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...been its founder and president, Morris Markin, Chicago Russian Jew. Behind Yellow Cab has been its founder and, until last year, president, John Daniel Hertz, Chicago Austrian Jew. Last January Mr. Hertz resigned from Yellow Cab, sold his interest to Parmelee Transportation Co. Last week the onward march of Cabman Markin continued when Checker acquired control of Parmelee...
...Cabman Markin began as a tailor, entered the cab trade through the investment route. He organized Checker Cab which builds taxis, advises customers, but actually has operated no cabs itself. Although Yellow Truck & Coach Manufacturing is a big competitor, Mr. Markin probably is reassured by the fact that John Jacob Raskob is Checker's largest individual stockholder...
...When Cabman Hertz retired he interested himself in airplanes, country homes, horses. Racing men recall that last December he rejected the fabulous bid of $1,000,000 for Reigh Count. He said, "I think a fellow who would pay $1,000,000 for a horse ought to have his head examined, and the fellow who turned it down must be absolutely unbalanced" (TIME, Dec. 16). His fortune was garnered both from taxis and a great faith in U. S. common stocks, a faith which remains unshattered...