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Last week, as Hadacol's super-colossal show marched through the Carolinas (with Jack Dempsey biffing Stooge Candy Candido as part of the act), Dudley LeBlanc announced that he had sold Hadacol lock, stock & bottle for $8.2 million. The buyer was a tax-free medical-research foundation in Manhattan that few doctors had ever heard of. Its name: the Tobey Maltz Memorial Foundation. Backed by four unidentified eastern businessmen, the foundation paid $1,100,000 in cash for a down payment, will pay the balance in ten to 15 years. The foundation is privately financed by Dr. Maxwell Maltz...

Author: /time Magazine | Title: PATENT MEDICINES: The Money Cure | 9/10/1951 | See Source »

...memo and tried it on Young, who liked the "music box" idea. But RCA's directors were willing to risk only $2,000. Sarnoff gave a demonstration that woke them up. He borrowed a Navy transmitter and helped give a blow-by-blow broadcast of the 1921 Dempsey-Carpentier world championship fight. It created a sensation; about 200,000 amateur wireless operators and others with homemade sets heard it, and spread the news of the wonder so widely that the public clamored for sets. RCA quickly developed the "music box," and both G.E. and Westinghouse began making it, with...

Author: /time Magazine | Title: COMMUNICATIONS: The General | 7/23/1951 | See Source »

...making a tentative selection of manuscripts to be copied. Back in the U.S., St. Louis University was looking for foundation money to pay for the project. The complete microfilming process will cost $125,000, take 25 months to complete. When it is finished, said St. Louis' Father Bernard Dempsey, who is engineering the project, scholars in the U.S. will have access to "a treasure without parallel anywhere outside Rome...

Author: /time Magazine | Title: Religion: Treasure in Microfilm | 4/30/1951 | See Source »

With his new Beverly Hills real-estate business a going concern, former Heavyweight Champ Jack Dempsey looked around for another investment, teamed up with Cinemactor John (Sands of Iwo Jima) Wayne and Crooning Cowboy Gene Autry for some wildcat oil drilling in New Mexico's San Juan Basin...

Author: /time Magazine | Title: People: To Have & Have Not | 1/15/1951 | See Source »

...Louis, now half a dozen overweight years past his prime, was warned by Jack Dempsey last week to quit the ring. Said Dempsey: "Louis is a lot farther over the hill than I was when I hung up the gloves in 1927. He ought to quit before he gets hurt and finds a permanent address on Queer Street...

Author: /time Magazine | Title: Sport: All of a Sudden | 12/18/1950 | See Source »

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