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Word: departmental (lookup in dictionary) (lookup stats)
Dates: during 1930-1939
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Usage:

To McKesson & Robbins, Inc., whose 1928 expansion was underwritten by Goldman, Sachs and Bond & Goodwin, Dr. Coster transferred a private enterprise of his own, the business of trading in crude drugs from far places-China wood oil, camphor from Japan, Javanese quinine. McKesson & Robbins' crude drug department was very...

Author: /time Magazine | Title: TRADE: Drug Mystery | 12/19/1938 | See Source »

All the mystery was in the crude drug department, which Dr. Coster ran with the help of Assistant Treasurer George E. Dietrich. Each year the department reported a nice inventory profit from its operations abroad and this profit was added to the inventories and accounts receivable on the books. Accountants...

Author: /time Magazine | Title: TRADE: Drug Mystery | 12/19/1938 | See Source »

W. W. Smith had moved its New York office to Brooklyn, where Mr. Thompson interviewed a "funny looking customer" named Vernard who remarked: "I hear you're doing a lot of alcohol business these days." Mr. Thompson found that the crude drug department warehouses were nothing but addresses-one...

Author: /time Magazine | Title: TRADE: Drug Mystery | 12/19/1938 | See Source »

Chapter 5. By the fourth day of the case possible missing assets had grown to $18,000,000-$10,000,000 in inventories and $8,000,000 in accounts receivable. Five investigations began-by the SEC, Department of Justice, U. S. Treasury, New York State Attorney General John J. Bennett...

Author: /time Magazine | Title: TRADE: Drug Mystery | 12/19/1938 | See Source »

Chapter 6. At week's end Mr. Bennett got a court order tying up a $100,000 brokerage account of Dr. Coster's wife, Carol, on the ground that "she is in all probability in possession of funds which . . . may be ... derived from . . . fraudulent practices." That seemed to...

Author: /time Magazine | Title: TRADE: Drug Mystery | 12/19/1938 | See Source »

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