Word: co
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Dates: during 1920-1929
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Plans call for a quadrangular development containing a new hotel, community building (postoffice, town hall, library), blocks of shops, a plaza, a park. Estimated cost: $10,000,000. President of the improvement corporation is Edgar Palmer, potent townsman, Princeton alumnus (1903), board chairman of New Jersey Zinc Co., financier (realty, railroads, insurance, public utilities...
Axelson Engine. Axelson Machine Co. of Los Angeles were justly vexed at the report that a broken valve had ended an endurance flight at Minneapolis (TIME, July 8). That plane was driven by a seven-cylinder radial Axelson motor (developed last year), which carried the Axelson pride?a device equalizing valve lifts and minimizing the strains which break valves. What investigation showed actually stopped the flight was a nut which broke because a mechanic had not properly tightened a companion...
...empowered to "buy, sell, trade in and hold stocks and securities of any kind . . . participate in syndicates and underwritings . . . exercise such other of its charter powers as its Board of Directors may from time to time determine." The Board thus broadly trusted contained great names, One was Goldman Sachs & Co., potent financiers. Another was Harrison Williams, potent utility man. After the House of Morgan has taken its bow as First in Finance, it is questionable whether any other banking house, from the standpoint of present and recent activity, much outranks Goldman Sachs. As for Mr. Williams, if all the utilities...
...issued three years ago at 33. The stock has paid a 33⅓-stock dividend, followed by a 100% stock dividend, is now selling at 78. One of the original $33 shares has become worth $624. Brilliant also has been the record of Goldman Sachs Trading Corp., Goldman Sachs Co.'s own investment trust. Issued last December at 104 its stock opened at 109, split two for one, is now at 116, making an original $109 investment now worth...
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...