Word: cravath
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...weeks to 16 weeks. A 25%, decrease in salaries is expected to result from Impresario Giulio Gatti-Casazza's appeal to the company. With these changes the Metropolitan hopes to go on for a time giving opera in the old house. But last week Board Chairman Paul Drennan Cravath strongly indicated that the company would eventually move to Rockefeller Center...
Last week for the first time Manhattan's Metropolitan Opera Company admitted what everyone already knew: that it was at the end of its resources. Chairman Paul Drennan Cravath frankly announced that there were insufficient funds to assure another season. The directors are to meet next week to determine the Company's fate...
...they represented a compromise and a new source of income?an arrangement with National Broadcasting Co. reported to bring $250,000 for 25 broadcast operas. To the U. S. radio audience, it was briefly exciting ? speeches by NBC's President Merlin Hall Aylesworth and Board Chairman Paul Drennan Cravath of the Metropolitan, sounds of the orchestra tuning up under Conductor Karl Riedel, echoes of an audience which included many pleased youngsters. Engelbert Humperdinck's Hansel und Gretel was the opera, first whole performance to be broadcast from the Metropolitan. Composer Deems Taylor, official narrator, sat in a little glass...
Soon after the onset of Hansel und Gretel came telegrams of praise. Director Giulio Gatti-Casazza, pleased as Punch, had been popping to & from the backstage office of Press Agent William J. ("Billy") Guard, where a receiving set had been installed. Chairman Cravath was impressed. "A miracle! . . ." said Radio Conductor Walter Johannes Damrosch. The engineers who had succeeded in making the whole country (and several further parts of the world) an opera house, said that the old part-wooden Met was much easier to work with than Chicago's handsome new opera house, whose concrete tends to give off bass...
...Chairman Cravath quashed all such hearsay tersely. His deep voice has always overwhelmingly convinced his big businessmen clients. A statement from his great & good friend Otto Hermann Kahn who owns from 70 to 80% of the Metropolitan stock was not forthcoming. But financial security seemed to lie in the announcement that a two-year contract had been signed with National Broadcasting Co. Twenty-five operas sent over the air will bring in a revenue of $250,000. The first: Humperdinck's Hansel und Gretel, Christmas afternoon...