Word: corps
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Dates: during 1920-1929
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Chairman of the metals subcommittee of the Senate Finance Committee is Senator David Aiken Reed of Pennsylvania, onetime attorney for U. S. Steel Corp. Well he knew what the steelman wanted. Also on the job was Pennsylvania's Joseph R Grundy, arch-lobbyist for manufacturers The sequence of recent events: 1) The Finance Committee by a vote of 7-to-4 first rearranged the manganese ore tariff on metal content, in effect increasing the duty above the 1 cent per Ib. level. 2) From Moscow came the announcement that U. S. Steel Corp. had signed a five-year contract...
...only scandal in which Austin Howard Montgomery and his Hadley & Co. were currently involved. They got Clarence Chamberlin, another trans-Atlantic flyer, to be president of Crescent Aircraft Corp., organized last year to manufacture commercial airplanes. They paid $4 for Crescent stock, tried to sell it for $12 to $16 a share with the intimation that Crescent planes had been ordered for passenger service between New York and Newfoundland, Bermuda and London. Clarence Chamberlin, a gull for no long time,* was vexed. He asked and received a temporary injunction against Hadley & Co. selling Crescent stock. Chamberlin also had newspapers print...
...York, New Haven & Hartford from 81½ to 123¾, or $66,382,313. 6) Northern Pacific from 109 to 108 5/8 or a decrease of $930,000. The seventh is not a railroad company strictly speaking, it is Alleghany Corp., a railroad investment company of the Van Sweringen brothers. It was not in existence at the beginning of the year, but stock was issued at 24, has risen...
Inoperative for three months was the United Stores Corp., formed as a holding company last June to assume control of United Cigars Co., Tobacco Products Corp. (TIME, June 17). Although George K. Morrow and Frederick K. Morrow, heads of the Gold Dust Corp., were then announced as dominant figures in the new holding concern, George J. Whelan, oldtime United Cigar Store tycoon, continued to manage the affairs of the two tobacco companies...
Still inoperative last week, United Stores Corp. seemed almost certain of passing out of existence as a new consolidation of United Cigars Co., Tobacco Products Corp., Gold Dust Corp. interests appeared. This time the Morrows and others acquired majority stock holdings of the tobacco companies, whose assets amount to some $200,000,000. At a directors' meeting George K. Morrow was elected President and Board Chairman of both companies, Mr. Whelan was retained on the directorates...