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...Haupt. The New York Stock Exchange, fearful that the scandal would shake the public's trust in the market, put up $9.5 million to pay off Haupt's anxious customers. The New York Produce Exchange halted all trading in cottonseed oil. Tino's major company. Allied Crude Vegetable Oil Refining Corp., tumbled into bankruptcy. Wall Street's Williston & Beane was obliged by a capital shortage to merge into a stronger firm, Walston & Co. Tino's dazed creditors finally began peering into those Bayonne tanks. Instead of finding 1.8 billion lbs. of oil for which they...

Author: /time Magazine | Title: Crime: The Man Who Fooled Everybody | 6/4/1965 | See Source »

DREISER, by W. A. Swanberg. A crude, naive natural writer, Dreiser was the founder and embodiment of the realistic school of writing that shocked the country in the first decades of this century. His life, like his work, was stubborn, untidy and wayward. Biographer Swanberg (Citizen Hearst) has made the most...

Author: /time Magazine | Title: Television: May 21, 1965 | 5/21/1965 | See Source »

Conscience in Clay. The potter also became a pioneer of the industrial revolution. He built a model town for his 650 workers, named it Etruria for the ancient state in Italy whose rediscovered pottery helped spark the classical revival. He divided labor into a crude assembly line, carved a 93-mile canal to avoid overland transport of his fragile ware by horse, backed Inventors James Watt and Matthew Boulton, and installed one of their first industrial steam engines. His own invention, a pyrometer for measuring extremely high temperatures, helped to win him admission to the Royal Society...

Author: /time Magazine | Title: Ceramics: Britain's Royal Potter | 5/21/1965 | See Source »

DREISER, by W. A. Swanberg. A crude, naive natural writer. Dreiser was the founder and embodiment of the realistic school of writing that shocked the country in the first decades of this century. His life, like his work, was stubborn, untidy and wayward. Biographer Swanberg (Citizen Hearst) has made the most...

Author: /time Magazine | Title: Television: May 14, 1965 | 5/14/1965 | See Source »

...word prospectus proposed the melding of Britain's 14 largest iron and steel companies into a state-owned National Steel Corporation, which would employ 220,000 (70% of the industry's total) and control 90% of the nation's output of pig iron, crude carbon steel, heavy steel products, sheet and tin plate. Its aim was unequivocal: to scramble the industry so thoroughly that it could never be returned to private hands again...

Author: /time Magazine | Title: Great Britain: The Steel Gauntlet | 5/7/1965 | See Source »

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