Word: detroit
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Dates: during 1920-1929
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Large banks like to be the largest in some category. Until last week the Union Trust Co. of Cleveland had prided itself on being the largest bank between New York and Chicago. Also until last week the Peoples Wayne County Bank had prided itself on being the largest in Detroit. Now the status of both has changed. The Union Trust Co. of Cleveland has become the second largest between New York and Chicago; the Peoples Wayne County Bank is now but a part of the largest bank in Detroit. Largest between New York and Chicago and largest in Detroit will...
Steel. Long known to be "friendly," Weirton Steel Co. of Weirton, West Va., M. A. Hanna Co., of Cleveland and Great Lakes Steel Corp. of Detroit last week merged through the formation of a holding company. Of the new company's $150,000,000 assets, outstanding will be Great Lakes Steel Co.'s new $20,000,000 80-acre plant now under construction in Detroit. Hot metal for the plant will come from nearby M. A. Hanna blast furnaces...
Chairman will be Frank Warrenner Blair, Union Trust president, onetime drugstore clerk. President will be Robert Owen Lord, head of Guardian Detroit Group. Modest, he gave credit for Guardian Detroit Group's success to his subordinates, described them as "very fine young men who are not afraid of hard work...
Pilots & Priests. On its delivery flight from Detroit to Lakehurst last week the metalclad dirigible ZMC-2 (TIME, Sept. 2) scared a team of horses at Kingston, N. J. The runaways threw their driver, one Calvin Petty, from his seat and dragged him. Dirigible Capt. William E. Kepner and his crew of two saw the accident, lowered their ship over St. Joseph...
...Route. To form a segment in a proposed transport system across southern Canada and northern U. S., R. C. Lilly and other St. Paul-Minneapolis businessmen last week bought control of Northwest Airways (Chicago to St. Paul-Minneapolis line). Canadian planes will cross into the U. S. at Detroit, fly by way of Chicago and St. Paul-Minneapolis to Winnipeg, thence westward to Vancouver...