Word: co
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Dates: during 1920-1929
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...operator, who died in Evanston, Ill., last fortnight (TIME, Dec. 17), but no fabulous fortune did his will reveal. His estate was valued at $20,000,000; his investments, sound, shrewd, included stocks in Chicago Daily News; Chicago Rapid Transit; Commonwealth Edison; First National Bank, Chicago; Pullman, Inc.; Swift & Co.; 20 Wacker Drive Building Corp. Estate income goes mainly to Widow Amanda Louise Patten. Upon her death, estate will be divided, one half to charity, one half between Son John L. Patten, Daughter (Mrs.) Agnes Patten Wilder of Santa Barbara, California...
...British steel industry came last week a series of mergers, from which may result the formation of a British steel cartel to meet foreign competition in world markets. First came a triple merger involving three British steel makers (Vickers, Vickers-Armstrong, and Cammell, Laird & Co.) who united all their interests, except their armament works, in a company to be called the English Steel Corp., Ltd. Capital: about $100,000,000. Then came another merger-the union of Dorman Long, Ltd. with Bolckow Vaughan & Co., Ltd. Capital also about $100,000,000. An export agreement has been concluded and an effort...
...directors are Junius Spencer Morgan Jr. and Walter Sherman Gifford. Junius Spencer Morgan Jr. is named for his great-grandfather, the Junius Spencer Morgan who in 1854 left the Boston dry goods field to become a partner in the London bank of George Peabody & Co. It was this Junius Spencer Morgan (not John Pierpont Morgan I) who originated the famed remark that "Any one who sells a bear on the United States will go broke." The present Junius Spencer Morgan Jr. was graduated from Harvard in 1914, is a Morgan partner, a director of General Motors, grandson of the late...
...Morgan Partner, no banker, is Walter Sherman Gifford, president of American Telephone & Telegraph, now U. S. Steel Director. Mr. Gifford began his commercial career clerking for the Western Electric Co. at $10 weekly. It is said that he had intended to send the letter of application which got him the job to the General Electric Co., confused the two Electrics, thus accidentally landed with the Western. His work attracted the attention of Theodore N. Vail, who made him chief statistician. By 1915 he was Vice President; in 1917, as head of the Council of National Defense, he directed the purchase...
When, in April of 1927 (TIME, April 11, 1927), the Adair Realty & Trust Co. of Atlanta went into bankruptcy for $38,000,000, great was the shock to Atlantans, to Georgians, to Southerners. It was an Adair who was the conductor of the first railroad train that ever entered Atlanta (1845). It was an Adair who was prominent in the rebuilding of Atlanta after Union troops burned the city during the Civil War. Forrest Adair Sr., present head of Adair family, is a Past Illustrious...