Word: chryslers
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Dates: during 1930-1939
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...Smithsonian Institution made known it was fighting mediums, fortunetellers, astrologers. Arthur Brisbane, Hearst colyumnist, reported: "At a dinner party recently, entertained by a clairvoyant, Walter Chrysler, automobile man, heard these predictions...
...your July 20 issue of TIME, p. 17, article referring to the dole system used in Detroit, I beg to advise that you have been misinformed with reference to a syndicate being formed, consisting of the Chrysler Corp., Packard Motor Car Co. and Fisher Finance Corp...
This statement appeared also in the Detroit papers, and was immediately contradicted by Alvin McCauley of the Packard Motor Car Co. and Mr. Fisher of the Fisher Finance Corp.; also the controller of the Chrysler Corp. stated that he had no knowledge of any such syndicate. It seems that the statement had its origin with the Detroit City Controller Roosevelt. However, the later editions of the paper stated that no such syndicate had been formed for the purpose of lending Detroit...
...Some motor companies were badly hit. Hudson's $526,000 compared with $3,392,000. Fierce-Arrow made $421,000 against $1,030,000. Hupmobile lost $1,077,000 whereas in the first half of last year it made $509,000. Chrysler Corp.'s statement was remarkable for the reductions shown in costs and expenses, but its $2,252,000 compared with $3,408,000. Willys-Overland showed great recuperation with $304,000 against $151,000, despite the fact that last year it included $1,400,000 special income...
...borrow in Wall Street. But the big bankers there, hostile to the dole and Mayor Murphy's "radical methods," refused all loans. Fortnight ago Detroit turned to its wealthiest citizen for aid, borrowed $5,000,000 from Henry Ford to meet payrolls. Last week a syndicate composed of Chrysler Corp., Packard Motor Car Co. and Fisher Finance Corp. agreed to advance the city $59,500,000 to meet its debts Sept. 15 provided it economized by cutting dole allowances. To save Detroit from fiscal chaos Mayor Murphy reluctantly consented to a reduction in relief allowances...