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Beard's great-grandfather was a Federalist, his grandfather a Whig and rebel Quaker who ran "a one-man church" and speculated in Western lands; his father was a "copper-riveted, rock-ribbed, Mark Hanna, true-blue" Republican who prospered as building contractor, ran a bank, read the classics, raised his family on a farm to develop their backbone. At 18 Charles Beard owned a country weekly, the graduation gift of his father, ran it at a profit for four years. At Methodist DePauw College his extracurricular activities included reporting for a Republican newspaper, electioneering for a Republican Senator...

Author: /time Magazine | Title: Books: Boom to Gloom | 5/22/1939 | See Source »

...public auction in 1892. Although potentially it was probably the most lucrative franchise ever offered, it drew a lone bid of $1,000, which was promptly rejected. The city thereupon decided to build the subway itself and August Belmont, then a financial outsider, came forward to act as contractor. When the line was finished in 1904, his Interborough Rapid Transit Co. secured a lease to operate...

Author: /time Magazine | Title: CARRIERS: Transit Trouble | 3/13/1939 | See Source »

Last week, while Hialeah was going full blast, a third track, Gulfstream Park, opened at seaside Hollywood, 15 miles north of downtown Miami. Its owner, wee-mustached, dimpled Jack Horning, 28-year-old heir to a Pittsburgh steel fortune, had never intended to own a racetrack. A contractor by trade, he had seen only three horse races in his life when he was hired by Promoter Joe Smoot last winter to build a racing plant on 190 acres of marshland...

Author: /time Magazine | Title: Sport: Gulfstream Park | 2/13/1939 | See Source »

...appeal to the State Supreme Court before he could get a permit from the Florida Racing Commission, which felt it was unsound for two tracks to operate at the same time in Greater Miami. After the permit was finally granted, Promoter Smoot decided to pull out. Contractor Horning, by this time infected with Promoter Smoot's enthusiasm, took over the track. He figured there were plenty of horses (2,400) wintering in Miami; he would gamble on getting enough customers to pay to see them...

Author: /time Magazine | Title: Sport: Gulfstream Park | 2/13/1939 | See Source »

...happy. He wanted to own a ball club again. His offer for the New York Giants was refused. Someone suggested that he could buy the down-at-the-heels New York Yankees, weak sister of the American League, for $450,000. He did-in 1915, with a rich contractor, Tillinghast L'Hommedieu Huston, as partner. For the next five years the two optimists shopped for a player who could produce home runs, finally found him in Pitcher Babe Ruth, whom they bought from the Boston...

Author: /time Magazine | Title: Sport: Four Straight Jake | 1/23/1939 | See Source »

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