Word: dillons
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...company, under the presidency of its founder Frank A. Seiberling, was practically bankrupt. Dillon, Read & Co., who worked out the refinancing plans, had President Seiberling removed and the company placed under a management committee. This committee consisted of Clarence Dillon of Dillon, Read & Co., John Sherwin of the Union Trust Co., Cleveland, and Mr. Young. Mr. Young has been inactive as a manager, in reserve as counsellor...
Under the management committee Goodyear Tire & Rubber Co. soon began to make profits. It is the largest company in the industry. But ordinary Goodyear stockholders received no share of the profits. The money went to pay interest on bonds and other new indebtedness incurred by the Dillon, Read refinancing. The management committee, particularly Mr. Dillon and Mr. Sherwin, were mismanaging, cried stockholders...
Thus did Judge David F. Dillon of the Superior Criminal Court at East Cambridge, Mass., last week probate ten Harvard students and a tobacco-shop proprietor, who took part in a flinging of eggs, ice, bottles, epithets, at Cambridge police in Harvard Square, last winter (TIME, Feb. 21, et seq.). Each of the roisterers was required to give surety of $100 "to keep the peace and be of good behavior." Jail sentences which had been imposed by a lower court were not mentioned; hence, were dropped...
...original equipment. The logic of this is sound; the motor maker with a tire subsidiary cuts his costs. Ford Motor Co. is already making a great share of its tires at Highland Park, Mich., in spite of its cordial relations with Firestone Tire & Rubber. Goodyear, still controlled by Clarence Dillon, supplies Dodge Bros., which he also controls. Goodrich, while it remains under the domination of Bertram G. Work, will persist a unique entity. And it is not probable that U. S. Tire, which once sought to be the "trust" of the rubber industry, will become subordinate to any motor manufacturer...
...Last week, four mournful men, Judge Eugene O. Sykes, Orestes H. Caldwell, Henry A. Bellows and Col. John F. Dillon, called on the President, told him their troubles. All of them held posts on the newly appointed radio commission; they were beginning their work without salaries, offices, desks or even wastebaskets, for Congress had failed to appropriate money to carry on their work. The President condoled with them, thanked them for their public spirit. Comforted, they returned to an office in an empty wing of the Department of Commerce building, sat down on borrowed chairs. From the Department of Agriculture...