Word: controllers
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Dates: during 1920-1929
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...known. One explanation of the end of the $6 cigaret price was that leaf tobacco is more expensive this year. Another suggestion is that the move was originated by the Brothers George Kenan and Frederick Morrow who recently entered the tobacco industry (TIME, Sept. 2) by acquiring control of the United Cigar Stores of America, the Tobacco Products Co. and the Union Tobacco Co. While the Morrows are not identified with the large manufacturers, their position in the distributing end could make their influence mighty. If the raise in the wholesale price presages a return to the strict 15? retail...
What happened last week in Detroit was, as all the world knows, just another vortex in the maelstrom that is gradually concentrating U. S. bank control. Whirling daily at a faster rate, there are two main currents in the maelstrom. One is the expansion of single units through mergers and new branches. Of this last week's Detroit merger was an example, as was the Corn Exchange Bank and Trust Co.-National City Bank consolidation (TIME, Sept. 30). The other current is the grouping of separate units through one controlling corporation. Greatest examples of this are the Transamerica Corp...
...bankers is the new personal element. Once a conservative banker could be expected to remain with his institution for years. Now bankers at the convention could scarcely remember whether friends were with the same bank, or whether that bank had been swept away into some merger or whether control of it had passed to some holding corporation and its staff reorganized...
...Friction-Fighter Timken, 61, has been called "The Millionaire Nobody Knows." Living in Canton, Ohio, where his plant is located, he finds recreation in horses, fishing, speed boats, aviation. Indoors, he is serious at bridge. Autocratic in his philosophy of business, he feels one man must be unalterably in control. Yet he believes with Henry Ford that good work can come only from good wages, has never had a strike...
...seater, dual control Consolidated biplane was equipped with these new instruments, plus of course the usual flying equipment, and put on the field. Harry Frank Guggenheim, 39, president of the Guggenheim Fund and Ambassador-nominate to Cuba was present. He and Lieutenant Doolittle had an argument. The Lieutenant wanted to fly the plane alone. Mr. Guggenheim, a flyer himself, insisted that Lieutenant Benjamin Kelsey, who had assisted in the research, occupy the front seat, to take control in case accident happened. Piqued, daring (TIME, Sept. 30) Lieutenant Doolittle consented. He crawled into the rear cockpit, hauled an opaque cloth entirely...