Word: crewman
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Dates: during 1930-1939
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...dividend. Presiding over the meeting was Charles Edward Adams, chairman of United States Industrial Alcohol since 1927, president of Air Reduction Co. (owner of a large minority interest in Alcohol) since 1921. Even were the storm not raging, it is safe to guess that onetime (1902-04) Yale Crewman Adams would have advised curtailment of the dividend, conservation of strength in the long race for profits. For after earnings which rose steadily from $976,193 in 1926 to $4,720,000 in 1929, last year Industrial Alcohol made but $1,104,000. Simultaneously, it took a $3,000,000 inventory...