Word: croppers
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...acquaintance once described plump, persuasive Albert Saitz, 37, as perhaps the best shoe salesman in the U.S. But three years ago, when he was treasurer and chief operating executive of Boston's Fleetwood Athletic Shoe, Inc., Salesman Saitz came a cropper. Fleetwood, which had been financed largely by Saitz's father-in-law, went bust. Saitz insists that he got out of the company while his in-law paid off the creditors at 37½? on the dollar and borrowed more, including $35,000 on the property, from Boston's Pilgrim Trust. Eventually the company closed down...
Detroit's Charles Langs, who invented a stick-on, strapless bra named "Poses," but came a cropper when he tried to market it (TIME, Aug. 29), sold out to Textron Inc. The price: $70,000 in cash and the prospect of more in royalties. With the bright merchandising idea, Textron also got full title to the job of soothing irate Poses' customers who are griping over shoddy workmanship and non-delivery of orders...
...President, unhorsed in the Senate battle over civil rights, came a cropper again, this time in the fight in the House to overthrow the Taft-Hartley Act. Harried from every side, his congressional forces were trapped between a softened version of the Taft-Hartley Act and the Administration's moderately toughened version of the Wagner...
...Marshall Plan goal of independent economy by 1953 with more determined self-help than self-denying Britons. Finletter had no need to pressure or preach. Socialist Britain, in fact, could be quite touchy about capitalist America's help. As Finletter well knew, EGA could come a political cropper if it crudely pressed a capitalist tract into Britain's hand along with the ham sandwich...
...rule the world will inevitably be destroyed . . . The Anglo-Saxons are in serious danger of taking just that step." Optimistically, Wallace added that he hoped "we may all soon meet in Moscow." At a $10-a-plate dinner, backed by a huge "antiwar" mural by Masses & Mainstream Cartoonist William Cropper, stout, bearded Charles Stewart, public-relations man for the Churchman, took up a collection. He raised close to $20,000 from the 1,900 diners, with the exhortation: "This meeting is only a beginning...