Word: controls
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Dates: during 1930-1939
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...Andrews Cooper Hewitt McCarter, 55, much-married (five times) Virginia belle who reportedly turned down an invitation from the Shah of Persia to head his harem; of cerebral apoplexy; in Manhattan. In 1936 her daughter, Heiress Ann Cooper Hewitt, charged Mrs. McCarter with mayhem: laving her sterilized to retain control of a $10,000,000 trust fund. Daughter Hewitt, who failed to press the charges, later married a mechanic, then a onetime bartender (TIME, March 27). Mrs. McCarter, driven into bankruptcy by extravagance and litigation, had been living on a trustee's allowance of $50 a week...
...Government stepped in and stopped trading for a few days. Nonetheless, the price climbed to 1,195 yen ($325) on April 19, stood last week at 1,160. When this 40% price rise began, the small group of U. S. branded hosiery makers (such as Gotham and Phoenix) which control their resale prices had already announced their spring prices. For fear that unbranded rivals would undercut them, they did not raise prices and continued to manufacture out of previously purchased supplies. Meantime the silk became harder & harder to buy. Last week the National Association of Hosiery Manufacturers sent...
...when the airline business suddenly looked good, Partner John D. Hertz (Yellow Cab Co.) of Lehman Bros, joined with Floyd Odium's Atlas Corp. to purchase 81,204 shares of T. W. A. from General Motors at some $14.50 a share. This 13% interest gave them operating control. Next year T. W. A. made $205,000 and its stockclimbed to $27.50. But in 1937 T.W.A. lost $959,000, in 1938 $773,000. Its stock dropped to $4, was last week at $8 when Lehman Bros, announced with an audible sigh of relief that it had sold out to Jack...
...capital which he ear ned in his pocket by day, hid in a sugar bar rel at night. By 1925 he was vice president of Manhattan's National Park Bank. After it merged with Chase National, he became first president, then chairman, moving out when the Rockefellers bought control. > To succeed Charles McCain, United Light & Power chose another Yaleman 61-year-old William Gordon Woolfolk, president of Michigan Consolidated Gas Co. President Woolfolk was bounced from Yale for "one last unfortunate week which, as you might say, was rather alcoholic." > Frank E. Mullen, for five years manager of Radio...
...bring not only jobs which will pay union wages to Cambridge laborers but business to Cambridge merchants as well. It will mean that slum areas which are now rapidly depreciating in value will be rehabilitated. Furthermore, the cost to the city of police, fire protection, health service, and delinquency control will be greatly reduced by the abolition of these slum areas...