Word: corps
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Dates: during 1920-1929
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...Lobban ("E. L.") Cord, motor car manufacturer, celebrated their 35th birthdays nine days apart last July. Both have achieved large business success in their fields. But last week Mr. Stinson acknowledged Mr. Cord to be the greater executive. He did that by recommending that stockholders in his Stinson Aircraft Corp. sell out to the Cord Corp., by stating explicitly: "E. L. Cord has been one of the outstanding figures in the automotive industry during the past five years. ... He now intends to enter the aviation field in his usual forceful manner...
...high of $514 this year.† Since then he has been buying parts manufacturers - Lycoming Manufacturing Co. (automobile and aviation engines), Columbia Axle Co., Duesenberg Inc. (motor cars, submarine and speedboat motors), Limousine Body Co., Central Manufacturing Co. (bodies) - and now the Stinson Aircraft Corp. There have been no direct mergers of these enterprises, but a consolidation of their activities as subsidiaries to the Cord Corp., $29,000,000 holding company which Mr. Cord created last summer...
Greatest of the Cuban sugar companies is Cuba Cane Sugar Corp., formed early in the War, now controlling 829,500 acres. Yet despite its dominance, Cuba Cane suffered with all the other Cuban producers when their tremendous output was joined by new peacetime crops from Europe. For many a year Cuba Cane has stumbled on, always seeming on the verge of either collapse or sudden success. But coming on Jan. 1, 1930, is an obstacle no company in poor shape could meet-the maturity of $25,000,000 debentures. To surmount this obligation, a complete reorganization was planned, chief feature...
...committee to resist the receivership on the ground that such receivership would represent a retention of control and extension of influence by the same group responsible for this magnificent ruin. . . . The receiver proposed (John R. Simpson, president of Cuba Cane, Vice President and Director of Sinclair Consolidated Oil Corp.) is not qualified as he is not a sugar...
Elected. K. T. Keller, onetime (1928) Vice President and General Manager of Dodge Brothers, Inc., to be Vice President and General Manager of Chrysler Corp...