Word: elgin
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Dates: during 1950-1959
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After showing great promise in two plays, Frank Elgin left the legitimate stage for the movies. While in Hollywood he lost confidence in himself. Unwilling to admit this failure, he passes the blame on to his wife through the bitter, shadowy years of obscurity. It is at this the play takes up his story. A young director who remembered Elgin's early success needs a leading man when his contracted star leaves a new play. He calls on Elgin and the drama follows through the early rehearsals to the Broadway opening...
...sell less profitable hotels for cash while buying promising new ones on credit, has been buying & selling so fast recently that he could hardly keep track of his hotels himself. Only last August he bought Canada's Ford chain (Toronto's Ford Hotel, Ottawa's Lord Elgin, Montreal's thriving new Laurentien), and with it got Ford's president, big (6 ft. 2 in.), husky (200 lbs.) Jack Udd, who will now boss the bigger Canadian operation...
...finance the latest deal, Henderson had already sold the Lord Elgin (for $2,450,000 in cash), and the Sheraton Hotel in Philadelphia and was negotiating to sell the Sheraton in Newark, N.J. He expects to sell Toronto's Ford soon. If such quick changes were bewildering to Sheraton stockholders, they had also proved profitable: in the chain's last fiscal year ending in April 1949, Henderson had boosted the net from $1.6 million to $3.3 million after taxes. At the latest count, he figured his Sheraton Corp. had 31 hotels in 26 cities. His pride: Manhattan...