Word: fisher
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Dates: during 1930-1939
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...Mark Hopkins Hotels while the conductor collects 5?-fares (conductors traditionally make wisecracks. Sample: "Conductor, do you stop at the Fairmont?" "Gosh no, lady, not on my pay."). Down one side of the hill the car presently slips, while gripman and conductor heave at brakes, to famed, odoriferous Fisher|man's Wharf, where Baseballer Joe Di Maggio got his start and where his two brothers still run a stand...
...Boys, you've got the world by the tail," chuckled Yale's old Professor Irving Fisher some ten years ago when a couple of bright young graduates outlined their plans for exploiting a patented automatic stop & go traffic signal. By last week these two bright young Yalemen had discovered that if they did have the world by the tail, that was a very poor place to catch it. In Federal District Court in Manhattan Wallace Graydon Garland, class of 1925, and Arnold Caverly Mason, class of 1928, were convicted of conspiracy and mail fraud on 43 counts...
...Garland, who was known among his unsavory associates as "The Wizard." The first Garland wizardry was promotion of Automatic Signal Corp. to make his patented traffic light. Among the original investors were two du Fonts, Charles Michael Schwab, who served for a time as a director, and old Economist Fisher, who sank no less than $750,000 in the enterprise. Automatic Signal is still a going concern with Mr. Fisher trying to get his money back as board chairman...
...patent, which he acquired for $500 in stock. By easy stages this pat ent was written up to $7,500, then to $1,000,000, again to $3,250,000 and finally to a good round $32,500,000. At that point Yaleman Garland left Automatic Signal to Professor Fisher, taking off for a land of pure corporate romance. This he populated with no less than 30 companies, the functions of which were even vaguer than their assets. More than $3,000,000 worth of quite worthless stock in one called Public Service Holding Corp...
...subsidiaries was sold to the public, an activity which eventually led to the Federal indictments (TIME, Nov. 18, Still loyal to the boys who had the world by the tail, Professor Fisher ap peared as a witness in their behalf, drawing from energetic Assistant U. S. Attorney William Power Maloney a challenge as to his economic competency. Mr. Fisher, he told the jury, was a "dusty old academic," "a slightly befuddled expert." Shown news stories of Roger Ward Babson's prediction of the 1929 crash, which were publicly pooh-poohed by Mr. Fisher at the time, the white-goateed...