Word: corps
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Dates: during 1920-1929
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Chairman Charles Michael Schwab of the Bethlehem Steel Corp. is one Big Businessman who had not, until last week, made a political statement. When he spoke, Mr. Schwab had news. Said he: "I think more of my job than I do of politics. They wanted me to be Treasurer of the Republican campaign, but I turned it down...
Alfred Pritchard Sloan Jr., president of General Motors Corp. Reason: "As stockholders in the United States, have we not received excellent dividends in the way of reduced taxes, quite general prosperity? Why, then, is a change logical?" Mr. Sloan admitted that "observance of prohibition laws is far from satisfactory," but he is "thoroughly convinced that prohibition has increased our national efficiency...
Schulte-United. On the stock exchange shares of Schulte Retail Stores Corp. rose a few points. The apparent operations of a stock market pool was one cause; another, and more important, was the much mooted merger of Schulte (300 branches) with United Cigar Stores Corp. (3,000 branches). The two firms are now joined in interests in Union United Tobacco Co. (a holding company) and Schulte-United Five-Cents-to-a-Dollar Stores. United has large stockholdings in the Pennsylvania Drug Co., Schulte in the American Druggists Syndicate; United in Life Savers Inc., Beechnut Packing Co., Gillette Safety Razor...
Credit. Two credit companies operate throughout the U. S. for the highly technical financing of productive and labor-saving machinery and equipment-the New Amsterdam Credit Corp. (Edward S. Maddock, president) and the Credit Alliance Corp. (Clarence Y. Palitz, president). The Credit Alliance Corp. having just bought all the stock of the other, their merger becomes effective, with $10,000,000 capital, $30,000,000 resources...
...spring, the T. A. T. will put into operation a daily air-rail service between New York and Los Angeles. The founders of the T. A. T. are Clement Melville Keys, president of Curtiss Aeroplane & Motor Co., Inc.; Charles Lanier Lawrance, president of Wright Aeronautical Corp.; Gen. William Wallace Atterbury, president of Pennsylvania Railroad; William Benson Mayo, chief engineer of Ford Motor Co.; and other air-minded potentates (TIME...