Word: defunction
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Members of the New York Stock Exchange who chanced to walk past the corner of Madison Avenue and 43rd Street in the last month have been taken aback by what they saw. In the long narrow office where once was a dressy branch of defunct Pynchon & Co., the firm of Pirnie, Simons & Co., Inc., members of no exchange and backed by celebrated Promoter Archie Moulton Andrews, has what its salesmen call "our store...
Board chairman of New York Trust, Banker Buckner is an old hand at cooperative banking. He headed the Clearing House Committee when its members promptly offered to lend up to 50% on deposits tied up in the defunct Bank of United States. When the torrent of failures threatened to engulf a large part of the banking system last autumn, he was picked for president of National Credit Corp., which buttressed frozen institutions until organization of the R. F. C. Last week National Credit Corp. retired another $19,000,000 of its outstanding notes, bringing the total repaid to subscribing banks...
...outgrowth of the defunct Collegiate World, College Humor began in 1921 as a quarterly, the staff & equipment consisting chiefly of Publisher Lansinger, shears and pastepot. It was merely a scrapbook of cartoons and jokes from U. S. under graduate funny-books. In 1923 long, lean, curly-headed "Swanie" Swanson, fresh out of Grinnell College where he edited the Malteaser, got a job as Mr. Lansinger's secretary. He worked up to the editorship, was largely responsible for the editorial polish which College Humor later acquired as a monthly magazine of original fiction, articles, drawings, interspersed with clippings from the campus...
...past three months the New York World-Telegram appeared with the advertising of only three of Manhattan's 15 leading department stores. The other twelve had withdrawn simultaneously be cause the World-Telegram wanted to in crease its rates over what was charged by the defunct Evening World prior to last year's merger of the papers (TIME, May 23). The total increase was to be 6? per line, of which 3? was made effective when old World contracts expired last May, the other 3? to be added in September. Determined that for no reason would they...
Lloyd C. Stearman, 33, plane designer, founder and onetime president of United Aircraft & Transport's subsidiary, Stearman Aircraft Co., was made president of reorganized Lockheed Aircraft Corp. Formerly a unit of defunct Detroit Aircraft, Lockheed was purchased at a receiver's sale last month by Walter T. Varney, pioneering West coast airline operator...