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...realize that American politics as well as placer mining, is a fickle pursuit. Four years ago he contributed $75,000 to the Democratic national campaign, was Second Vice President of the Democratic Central Committee of California, and was known as the "Boss of the Southwest." He had in his employ four retiring or retired members of Wilson's Cabinet: W. G. McAdoo, Secretary of the Treasury; Thomas W. Gregory, Attorney General; Franklin K. Lane, Secretary of the Interior; and Lindley M. Garrison, Secretary of War. California politicians even urged his nomination for the Vice Presidency to run with James...

Author: /time Magazine | Title: Business & Finance: Doheny | 7/7/1924 | See Source »

...Randolph Hearst to have this season of work. He will realize, by actual experience, the truth of the statement made by his father, long ago, before a Congressional committee, that eight hours of hard work is as much as any man should be asked to do, and that the employer that can't make an eight-hour-day PAY is not fit to employ American labor...

Author: /time Magazine | Title: In Training | 6/23/1924 | See Source »

...James Augustine Farrell began his business career at the age of 16 in the employ of the New Haven Wire Mill. That was in 1863. Twenty-five years later he transferred his services to the Pittsburgh Wire Co., became superintendent of the factory. From then on he shot ahead with the rapidity and brilliance of a meteor. In 1911 he became President of the U. S. Steel Corporation- probably the greatest executive position in the indusrial world. His success is no doubt due to his thorough training as a workman. At the age of 61 he is still an ardent...

Author: /time Magazine | Title: Business & Finance: Foreign Trade Convention | 6/16/1924 | See Source »

...area to do a different kind of work there, etc. Mr. Gillette calculates that an army of 5,000,000 men properly directed could do all the world's farming in six months of the year. There could be no unemployment or need, because the corporation could always employ a man to supply his own needs. The present system of individual home manufacture in which there are 20,000,000 cooks and 20,000,000 kitchens would be supplanted by efficient quantity production. Everything would be done by wholesale and everything would be efficient. As for children, the State...

Author: /time Magazine | Title: A NEW BOOK: Mr. Gillette's Ideal Order | 6/2/1924 | See Source »

...Union Oil Associates of California and pledged themselves not to sell their stock to the foreign companies. Under these circumstances, Sir Henri found it impossible to carry out his plan and he has finally decided to sell out his Union Oil holdings, consisting of 235,565 shares, and employ the funds in the Russian oil fields. The Wall Street firm of Dillon, Read & Co. have purchased the Union shares, and except for a few small subsidiaries Royal Dutch has been prevented from gaining a foothold in the American oil fields. Incidentally, Sir Henri was reported to have sold his Union...

Author: /time Magazine | Title: Business & Finance: Royal Dutch Withdraws | 6/2/1924 | See Source »

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