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Founded on no patent or monopoly, Crane Co. prospered principally because of shrewd selling, economic, efficient manufacturing. Today the company has nine factories in the U. S., Canada, England. It manufactures more than 30,000 items, divided roughly into four categories: plumbing fixtures & supplies, heating equipment & supplies, valves & fittings, steam & water works supplies. The largest selling Crane products are brass, iron, steel valves & fittings, although most famed throughout the land are its much advertised colored bathrooms. The company last year earned...

Author: /time Magazine | Title: Business & Finance: Crane's 75th | 7/7/1930 | See Source »

When the first Richard Teller Crane died he was known as one of Chicago's great developers and industrialists, as traveler and philanthropist. That reputation extended to his five sons, three of whom are now alive, to whom Mr. Crane left his business. Of these Richard Teller Crane Jr. is present president of the company. Of him as of his father it is said that he would rather visit a Crane Co. shop than attend a theatre. He never flies although his wife's brother-in-law is famed flying Publisher Joseph Medill Patterson. In his huge Lake...

Author: /time Magazine | Title: Business & Finance: Crane's 75th | 7/7/1930 | See Source »

Another founder's son is Herbert Prentice Crane, inactive director of the company. One of his sons, Charles Richard Crane 2nd, is vice president of the company, may perhaps be the next president...

Author: /time Magazine | Title: Business & Finance: Crane's 75th | 7/7/1930 | See Source »

...oldest and most famed founder's son is Charles Richard Crane, onetime president of the company (he resigned in 1914) and onetime Minister to China.† He more than any other Crane is peregrinatory. Principally his travels have taken him to the Near and Far East. Probably no man in the U. S. is as familiar as he with events in the Hedjaz or in Iraq, with the doings of Afghans or Parsees or the Annamese...

Author: /time Magazine | Title: Business & Finance: Crane's 75th | 7/7/1930 | See Source »

Sons of Charles Richard Crane are Richard Teller 2nd and John Oliver. Richard Teller 2nd was first U. S. Minister to Czechoslovakia, serving as such at the same time that his father was Minister to China. John Oliver is a former secretary to President Thomas Masaryk of Czechoslovakia, last year married in Rome the beautiful Countess Theresa Martini Marescotti. A sister of John Oliver, Frances, is married to Jan Masaryk, Czechoslovakian Minister to Great Britain...

Author: /time Magazine | Title: Business & Finance: Crane's 75th | 7/7/1930 | See Source »

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