Word: corpe
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Dates: during 1930-1939
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...puzzled Town Hall clubsters, meeting to discuss "The Business Man and the Arts," Chairman Wendell Willkie, president of Commonwealth & Southern Corp., with great unction read a silly telegram from a serious man: ". . . Please extend to all of the [Pulitzer Prize] winners my hearty congratulations . . . Franklin D. Roosevelt." Explanation: The club originally planned to honor the Pulitzer winners, requested a Presidential message, changed its mind without notifying the White House...
Last week three Chicago holders of one of these issues (for $1,400,000) filed a petition against Ben Bendix in South Bend, Ind. (home of Bendix Aviation Corp.) asserting that his debts amounted to $3,000,000, his assets about $500,000. Said Bendix, sadly: "This is the biggest blow of my life...
...three lucky ideas: 1) Creation of a Public Works Finance Corp. to finance self-liquidating Federal, State, municipal public works "at any rate of interest . . . necessary to get the business done." 2) To insure loans to small business, FHA style, "to put the small man who cannot finance internally on a par with large corporations." 3) To appoint a special subcommittee, reporting to Congress, on the feasibility of organizing capital credit banks to make capital available alike to government (Federal & local) and to private enterprise. "No panacea," Berle pontificated, "with these three bills we should have the elements...
...When the heavy boot of the 1934 air mail purge kicked fledgling subsidiaries out of many a big U. S. airlines nest, Canadian Colonial, a retarded bird from the brood of Aviation Corp., was able to go on flapping up the Hudson on its 342-mile route between Manhattan and Montreal. Under indifferent management, unfavorable airline conditions, it grew slowly to be a pipsqueak goose and for a long time brought its 15,000 stockholders nothing but deficits...
When Canadian Colonial left the brood of Aviation Corp. (largest unit, American Airlines) stocky, purposeful Sigmund Janas was assistant to American's President C. R. Smith. Earlier he had learned the tricks of financing as Deputy Superintendent of Banks in California, the tricks of airline operation as president's assistant for Western Air Express. Close friend of Motorman Errett Lobban Cord (American's chief stockholder) he had also learned how to combine the tricks of operation and banking, take over ah airline (as Cord had American) and make it tick...