Word: errett
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...quarterly dividend (50? per share). In 1929 Auburn stock hit $14. Last week it was down to $6, an alltime low. A speculative favorite during the early years of Depression, it gyrated between 84 and 295 in 1931, sold above 150 even in 1932. Out of Auburn stock President Errett Lobban Cord reaped the quick fortune which put him into aviation, shipbuilding. ¶Edison Electric Illuminating Co. of Boston last week filed with the Federal Trade Commission for registration under the Securities Act, a $35,000,000 coupon note issue, biggest since the Act was passed. Proceeds were...
...Congressman was found on the list. Democrat Joseph Tumulty and the wife of Democrat Jouett Shouse made small headlines as silver owners but neither the onetime secretary to Woodrow Wilson nor the wife of the onetime party manager could be called insiders with the silver bloc. Notable catches were Errett Lobban Cord, member of the Committee for the Nation, owning 1,651,000 oz.; Frank A. Vanderlip Jr., son of another member, owning 300,000 oz.; Amy Collins, treasurer of the Radio League of the Little Flower, mouthpiece for ardent Silverite Father Coughlin, 500,000 oz.; A. Atwater Kent, radio...
Loudest whistles of all came from the crowd when the bids of American Air Lines' inscrutable Errett Lobban Cord were read off. On the set-up presented by Mr. Farley, Errett Cord had been expected to underbid the field, capture a virtual monopoly of U. S. airmail. Instead, he bid so close to the maximum on eight routes, that he was heavily underbid on all but the Newark-Boston run. He stood to lose even his old southern transcontinental route, having overbid his nearest competitor for half the run by 10?. Obviously fear of Cord competition had caused other...
...Fourth Assistant Postmaster General Sillirrmn Evans, whose name has frequently been linked with Errett Lobban Cord's because of his onetime position as vice president of American Airways, resigned last week to become vice president of Maryland Casualty...
...manufacturers, including Henry Ford, found it prudent to retire from the field. It was to create a market for his planes that he started Century and Century Pacific airlines, made air travel popular by slashing fares to railroad levels. Slim, young-looking, with a muscular bulge in the jaw, Errett Cord presents a collegiate aspect despite never having gone to college. He rarely speaks his mind, but when he does he uses a language racy and rich with anatomical allusions, forceful expletives. Studious-looking with his glasses on, he might be taken for a young college instructor. Without glasses...