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...Bernard K. Marcus had misapplied bank funds and been sent to jail. Charley Mitchell was penalized for tax deficiencies and Al Wiggin had paid off stockholders to stop their suits. There was old Sam Insull, too, although Wall Street is never very surprised at the shenanigans of a Chicagoan. But Dick Whitney was a Morgan broker. He was the President of the New York Stock Exchange for five years. ''The terrible thing about the Whitney scandal.'' wrote Financial Editor Leslie Gould of the New York Journal & American, "is . . . that the broker was the White Knight...

Author: /time Magazine | Title: Business: Ex-Knight | 3/21/1938 | See Source »

During the second period of Stockton's struggle to the sea, another inland city, Houston, was also dredging itself an ocean port. Directing this development was a young Chicagoan, Benjamin Casey ("Benjy") Allin, who until the War's end was a captain of engineers. At Houston, Engineer Allin found 50 miles from the Gulf of Mexico a ghost port over whose wharves but a few hundred thousand tons of freight passed each year. After twelve years of Benjy Allin's management, Houston, with 16,000,000 tons of shipping in 1935, was fourth ocean port...

Author: /time Magazine | Title: Transport: Stockton's Struggle | 11/22/1937 | See Source »

Wandering Chicagoan. At the Rehn Gallery, Chicagoan Aaron Bohrod, 29, showed new and better work than the half-comic paintings of sleazy Chicago scenes by which he is known. Pontificated New York Times Critic Edward Alden Jewell: "Between the minor if vaguely haunting tightness of those minutiae and the ripe, fluent graciousness of the present work, a vast difference publishes itself." Still this side of graciousness but studied with uncommon depth were Aaron Bohrod's new subjects: poor whites, exhausted interiors of tourist cabins, a trailer camp, a sidewalk in New Orleans...

Author: /time Magazine | Title: Art: New Season | 10/18/1937 | See Source »

Tired of lacing up his boots, a Chicagoan named W. L, Judson in 1893 devised the world's first slide fastener. It worked badly, but it made an instantaneous impression upon Colonel Lewis Walker, a lawyer from Meadville, Pa. Colonel Walker spent the next 20 years and about $1,000,000 collected from a multitude of sources, before he began to achieve any commercial success with the gadget. Judson was unable to perfect it and it was not until 1913 that one Gideon Sundback developed the "zipper" as everyone now knows it. Started that year...

Author: /time Magazine | Title: Business & Finance: Zippers | 8/23/1937 | See Source »

Weary from his labors in behalf of anti-lynching legislation (TIME, April 19 et seq.), Representative Arthur Wergs Mitchell, only Negro in the U. S. Congress, last month decided he needed a rest. A Chicagoan, big, grey-haired Arthur Mitchell chose to spend his holiday at Hot Springs, Ark., favorite rest haven of Chicago politicians. Instead of going direct from Washington, he returned home first, bought a first-class round-trip railroad ticket and Pullman accommodations on the Illinois Central, set out from Chicago...

Author: /time Magazine | Title: RACES: Jim Crow Suit | 5/24/1937 | See Source »

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