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Married. Alice Lee Grosjean, 28, Louisiana supervisor of public accounts, onetime secretary to Senator Huey Long; and William Allen Tharp, 31, secretary of the Louisiana State Tax Commission, brother-in-law of Tycoon Errett Lobban Cord; in Los Angeles...

Author: /time Magazine | Title: Milestones, Sep. 3, 1934 | 9/3/1934 | See Source »

Auburn was the gold mine which supplied young Errett Lobban Cord & friends with the fortune which, between speculative excitements, they have invested in airlines, shipbuilding, taxicabs. Entering the company when it was flat on its back in 1924, Motorman Cord lofted sales from $8,000,000 in 1925 to a peak of $37,000,000 in 1929. Early in the Depression he realized that there was still a market for a smart, fast model priced under $1,000 among people who had lost their shirts but did not want their neighbors to know it. Auburn became a Depression sensation, making...

Author: /time Magazine | Title: Business & Finance: Moon on the Motors | 9/3/1934 | See Source »

Nevertheless Auburn is still a Cord property. Mr. Cord has been in Britain all summer but before he sailed he let his subordinates know that whatever was done to help Auburn would be all right with...

Author: /time Magazine | Title: Business & Finance: Moon on the Motors | 9/3/1934 | See Source »

...best tradition last week's courting was strictly clandestine. Yet airplanes bearing Cord officials were seen in mysterious flights to Lansing, Mich., where they were met by Reo officials. And Reo's old Mr. Olds could not bring himself to deny flatly any & all advances, declaring: "We have listened to what they have to say but have promised nothing." Lastly, a shift in the Cord personnel diverted no attention from the goings-on. Auburn's President W. Hubert Beal resigned to become right-hand man to Lucius Bass Manning, who is right-hand man to Errett Lobban Cord. To become...

Author: /time Magazine | Title: Business & Finance: Moon on the Motors | 9/3/1934 | See Source »

...Philadelphia zealous Temple University's zealous Professor John Albert Kolmer injected into the brains of monkeys virus which had originally come from the spinal cord of children who had died of infantile paralysis. The monkeys promptly developed infantile paralysis. Professor Kolmer killed them, pulled out their spinal cords, ground them up with sodium ricinoleate. The resultant vaccine he injected into more monkeys, which thereupon withstood all efforts to infect them with infantile paralysis virus...

Author: /time Magazine | Title: Medicine: Monkey Mixture | 8/27/1934 | See Source »

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