Word: firming
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Dates: during 1930-1939
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...needed social reforms might after all be adopted. But now the administration is backing down all along the line. A short while ago it was admitted that money is increasingly becoming concentrated in the hands of a few and that small incomes are becoming smaller. Unless Roosevelt takes a firm stand on the issues he enunciated during his campaign, not only he, but the administration itself must be accused of a breach of faith...
...House of Morgan. Next in fame is No. 52 William St., the House of Kuhn, Loeb. Built eleven years after a Kuhn, Loeb senior partner, Otto Hermann Kahn, arrived in the U. S. from his German birthplace by way of England, No. 52 houses the great banking firm in only four of its 20 floors. There in his day, shrewd old Jacob Schiff reorganized the big Kuhn, Loeb railroads: Union Pacific, Baltimore & Ohio, Missouri Pacific, Wabash, Chicago & Eastern Illinois...
...private office, preferred to work in the bustle and noise of the partners' room. When the partners next meet in that room they will have a hard time finding a man to take Otto Kahn's place-a man with the personality and power to maintain the firm's great prestige. Felix Warburg, last of the old partners, acts today mostly as an adviser. Jerome Jones Hanauer, Jacob Schiff's trusted "inside man," retired last year. Sir William Wiseman is a Briton who has been a partner only five years. Today much of the work...
Sixty-nine years ago in the largest house on Manhattan's Washington Square was born H. (for Henry) Hobart Porter. His brother Seton Porter was born on 47th Street. Both grew up to be engineers. Hobart helped found the great firm of Sanderson & Porter which Seton later joined as a partner. In business as well as politics engineers sometimes become chief executives. Brother Hobart chose water for his province, Brother Seton whiskey...
...owner of an excelsior mill, a cold-storage plant and a road building firm, Senator Thayer maintains he is "just a simple farmer." But: "I did a lot of wandering when I was a young fellow." Shortly after the century's turn, he helped found a small local power company in Chateaugay. About 1925 he and his fellow Chateaugayans sold out to Associated Gas & Electric. "And here's the funny thing," he explained last week. "After we sold out . . . we found that the 20-year franchise had ended in 1923, and we had forgotten all about...