Word: firming
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Dates: during 1930-1939
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...Harvard, Yale and Princeton men, Browning, King & Co. means college clothes. To railroad conductors, bell hops and steamship officers, Browning, King means uniforms. The 112-year-old clothing firm virtually outfitted the gold rush of '49. John Hazard Browning, descendant of a Rhode Island settler who bought a "dwelling house and two lots of acres . . . for ?3 in wampum" had been in the clothing business 27 years when news of gold at Suiter's Mill burst upon New York. He packed clipper ships with pants and coats as fast as they could be sewed together, sent them around...
John Hazard Browning's sons were not sorry when the Civil War came. They wangled a huge contract for soldiers' uniforms out of the Federal Government. After Appomattox they might have gone bankrupt had not a man named Henry W. King joined the firm. War had ruined their southern business, so Henry W. King opened a store in Chicago. It made so much money that the Brownings were glad to add his name to their corporate title, open other stores in the West. Browning, King had a chain of haberdasheries while the late James Butler, founder...
...Edward West ("Daddy") Browning, whose carryings-on with "Peaches" Heenan Browning made front page news in 1927. Before Depression Browning, King, whose stock is privately owned, had 31 stores and five Brownings, paid sizeable annual dividends. By last year there were 24 stores and two Brownings but the old firm had fallen upon evil days. Last week Browning, King toppled into bankruptcy...
...Weber & Heilbroner ($30 to $75) and Rogers Peet ($45 to $90) had been too much for Browning, King. President William Hull Browning, whose estate at Rye, N. Y. is filled with exotic birds, had grown less and less active. There were no Kings left in the firm. Two years ago President Browning started to put his company into receivership, listing himself as a $486,000 creditor. The court granted a stay. Mr. Browning moved up to the board chairmanship, put Vice President Edward C. Koempel in as president. But business did not improve and President Koempel was unable to work...
...been as firm in our determination that they should pay as they have been that they should not pay, I think the payments would have been made. These debts were adjusted years ago. Heavy reductions were made. France received something like a fifty per cent reduction, Italy something like 70 per cent. These debts are due. And, either the nations which owe them will have to pay them or the American tax-payer will have to pay them...