Word: centralizing
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Dates: during 1920-1929
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Comparable, in the drug field, to Stand ard Brands of General Foods in the food field. Drug, Inc. has back of it no J. P. Morgan, no E. F. Hutton. Its central name has been Louis K. Liggett, board chairman and founder of L. K. Liggett Co. and United Drug Co. Beginning his merchandising career as a traveling salesman for John Wanamaker, Mr. Liggett soon went into business for himself, making and selling headache powders that sold three for a quarter. The headache powders were not very successful, however, as people only had one headache at a time and were...
Tall, calm, quiet Waddill Catchings, president of Goldman Sachs Trading Corp., is widely recognized as a Coming Man of Wall Street. He graduated from Harvard (1901), took a law degree (1904), entered business in 1911 with the Central Foundry Co. From 1915 to 1917 he was a Morgan Man (export division), then spent a year as president of Schloss Sheffield Steel & Iron Co. on the Executive Committee of which he still serves. He has written on many an industrial topic, has been recently engaged with William T. Foster on a study of the Reserve Board v. Wall Street situation. Whenever...
Williams. It has been remarked that Harrison Williams has more utility knowledge in his little finger than any other utility man has in his entire anatomy. Exaggerated is this statement, yet not unfounded. Mr. Williams' Central States Electric Corp. is a holding company which owns more than 810,000 shares of North American Co., which, through subsidiaries, furnishes light and power in Cleveland, St. Louis, San Francisco, Milwaukee, Washington, and more than 900 other U. S. communities. Central States was prominent in the formation of American Cities Power and Light and of Electric Shareholdings Corp. It has large holdings...
...from 700 ft. to 1,000 ft. per minute. There are 28,104 elevators in Manhattan. Chances are 218,000,000 to 1 that an elevator-passenger will be alive at the end of a trip. Buildings with most elevators are: Equitable, 59; New York Life, 38; New York Central and Graybar, 37 each. Tall Woolworth has only 30. Manhattan had 105 elevator accidents last year. Many of these involved not elevators but careless persons falling down the shafts...
Western Air Express (Western Air, in connection with New York Central, Santa Fe and Chicago & Alton railroads has announced a 46-hour coast-to-coast air-rail service. It carried 13,102,715 pieces of mail and 7,880 passengers during the first six months of 1929. Chief mail route is Los Angeles to Salt Lake City [664 miles]. Chief passenger route is Los Angeles to Kansas City. Passengers ride in 12-passenger Fokkers. Net income, first quarter $ 320,000 Net income, entire year...