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Because the Brooklyn Daily Eagle reported "on unimpeachable authority" that Depression might force Manhattan's Metropolitan Opera Company to suspend production next year, Lawyer Paul Drennan Cravath, the Metropolitan's new board chairman, felt called upon last week to make his first significant speech from the throne. Rumors have had the Metropolitan so hard hit financially that it could not even finish the present season, its directors so dissatisfied with the conservative, practical policies of Impresario Giulio Gatti-Casazza that they were just waiting for the expiration of his contract (April 1935) to appoint some such character...

Author: /time Magazine | Title: Speech from the Throne | 12/28/1931 | See Source »

...printed in his newspaper. Allan Henry, younger son of President Herbert Clark Hoover, who completed in June his course at Harvard's business school, sailed for a junket in Hawaii. The following lay ill: Countess Willingdon, Vicereine of India, of dengue ("breakbone") fever, at Simla; Clifford C. ("Cactus") Cravath, city judge of Leguna Beach, Calif, who led the Na tional League in homeruns in 1913-15 and 1917-19, after a motor accident; the Duke of Gloucester, third son of George V of England, after an appendectomy, in London...

Author: /time Magazine | Title: People, Sep. 7, 1931 | 9/7/1931 | See Source »

Newton D. Baker and Howard F. Burns of Baker, Hostetler & Sidlo, Cleveland; Kennedy, Manchester, Ford, Bennett & Powers, Youngstown; Frederick H. Wood and Hoyt A. Moore of Cravath, de Gersdorff, Swaine & Wood, Manhattan. Judge Jenkins had heard his Courtroom reverberate to huge figures in dollars, steel, shares. He had heard the testimony of great steelmasters, of accountants. Few people expected that by last week he would have reached a decision. To the Court Clerk the Judge handed 19 pages of foolscap, written in pencil. To newsmen he gave two similar sheaves which he had carefully copied from the original, fearful...

Author: /time Magazine | Title: Business & Finance: Decision in Youngstown | 1/5/1931 | See Source »

...article, eight of the nine speakers definitely prejudiced in favor of an American acceptance of the Soviet included: Colonel Hugh Cooper, interested in hydroelectric developments on the Dnelper River, Harold Kellock of the Soviet Information Burean in Washington. Peter Brogdnoy, head of the Amtorg Trading Company and Paul D. Cravath representing other New York financial interests...

Author: NO WRITER ATTRIBUTED | Title: IMPARTIALITY REQUIRED | 10/8/1930 | See Source »

...voting a large block of Union Pacific stock, solely because Harriman, then needing votes, might have bought for a stiff price the Union Pacific stock held by famed Speculator Keene, Lamar's friend. Later he charged Union Pacific with false book keeping, caused Lawyer Paul Drennan Cravath to exclaim: "He is the most unconscionable of liars...

Author: /time Magazine | Title: Business & Finance: Wolf Lamar | 8/18/1930 | See Source »

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