Word: childses
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Only a few weeks ago Hennessy, who has taken just three vacations in 48 years of hard work, announced that he would retire as the $85,000-a-year chairman of the Hotels Statler Co., Inc. Ever since, he has been worrying about what to do with his spare time...
No More Rhubarb. Few businesses grew more spectacularly. In 1889 the Childs brothers, Samuel and William, opened their first restaurant in Manhattan's old Merchant Hotel. Within ten years they earned enough to open ten more; then, on $1,000,000 put up by Oil Promoter A. W. Harris...
Between 1920 and 1926, Childs never netted less than $1,500,000 a year. The Magazine of Wall Street called it one of the five most depression-proof stocks in the U.S. Then William Childs (Sam had died in 1925) turned faddist, and tried to turn Childs's customers...
Through the lean '30s, successive managements did their best to nurse Childs back to health. Such appetizers as "Eat all you want for 60?" helped Childs eke out small profits in 1935-36-37, but the next four years found the chain back in the red. During World War...
Behind the Counter. Childs could not have picked a better man than Hennessy to put back the flavor. In his 35 years with the Statler chain, where he began ,as a steward, he spent most of his time showing cooks and waiters how to improve food and service. When the...