Word: firming
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Dates: during 1930-1939
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...Putnam who started publishing in 1837. Now oldest of U. S. publishing houses of direct descent is G. P. Putnam's Sons, its management having passed to the third generation. Last week the flux that has lately been tossing the book industry about seized this venerable firm...
George Palmer Putnam had three sons, most famed of whom was the late patriarchal Major George Haven Putnam whose anecdotes included his imprisonment by the rebels during the Civil War. When Major Putnam died last winter his stock in the firm, which did not constitute control, passed to his son, Palmer Cosslet Putnam, 30, a geologist. Returning to the U. S. recently from Africa, Palmer Cosslet Putnam inspected the firm of his father and grandfather. What its earnings were only a few intimates know, but publishers would be surprised if recent Putnam profits have been tremendous. President has been Irving...
What Geologist Putnam decided to do. and did do last week, was to buy out his cousin, the Vice President. Then, to bring new blood into the old house and fill the executive hole, he arranged a merger with the six-year-old firm of Minton, Balch...
...firm with which G. P. Putnam's Sons will merge (through an exchange of stock) has published John Dewey's The Quest for Certainty and Alice Grant Rosman's present big-selling The Young and Secret. Minton, Balch & Co., Inc. for the immediate future at least, will be run as a separate department, "benefiting from the wide Putnam scope. Palmer Cosslet Putnam's new partners are Melville Minton. 45. a big-chested, hardworking salesman with a business head; and Earle Balch, 36, the curly-headed, smiling, amiable, pianoplaying, song-singing, artistic half of the combination...
...Pomeroy are interested, including Niagara Hudson Power Corp. Last week it was announced that Niagara Share will acquire Shoell-kopf, Hutton & Pomeroy. A case of child swallowing parent who wanted to be swallowed, the deal rounds out Niagara Share's departments, will bring more business to the investment firm whose management and name will remain unchanged...