Word: fountains
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Dates: during 1930-1939
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...Washington, whose wife spent considerable part of her wartime grass-widowhood at Virginia's warm springs, tried to buy Saratoga Springs, failed. Gideon Putnam bought 300 acres around the springs, built a hotel, made the place a health resort. In 1825 John Clarke, who started the first soda fountain in Manhattan, began to bottle and sell carbonated water from Saratoga. By 1883 Saratoga hotels had a capacity of 12,500, sheltered 100,000 costive, gouty, giddy visitors a summer season. To entertain the visitors the Saratoga racetrack was built and gambling establishments were opened. To contain a Saratoga season...
...Sheaffer Pen Co. boasts the largest dollar sales of any pen manufacturer in the U. S. When it was founded in a Fort Madison, Iowa jeweler's shop in 1913, most fountain pens clogged, scratched, leaked or had to be filled with a medicine dropper. Jeweler Walter A. Sheaffer patented one of the first important improvements-a lever bar filling device. With a capital of $35,000 he started manufacturing Sheaffer pens in the back room of his jewelry shop...
Soon money began to pour into Walter Sheaffer's ink-stained hands. His crowning achievement was an $8.75 Lifetime pen, introduced in 1921. It was the first standard high-priced fountain pen launched on what had always been a low-priced market. Next Walter Sheaffer streamlined his pens. Then in quick succession he introduced the Sheaffer desk set with universal socket (which seals the tip of the pen and keeps it moist), the Feathertouch nib, the special Sheaffer pencil which "propels, repels and expels the lead," the Sheaffer Vacuum-Fil pen. By 1929 the company's gross sales...
Depression was hard on the fountain pen business. Sheaffer had a $676,000 deficit in 1933. Common dividends stopped. Business improved the following year and for the fiscal year ending Feb. 28, 1935 the company announced a net profit of $442,000. Last week Sheaffer Pen celebrated Walter Sheaffer's 68th birthday by moving up from the New York Curb Exchange to the New York Stock Exchange, listing 162,355 shares of common stock on which the dividend ($1) was resumed last March. Said portly, affable President Sheaffer: "Business is satisfactory, very satisfactory...
...petition was presented a memorial stating that the signers were unalterably opposed to any semblance of interference in Mexico but urging the President to undertake "the moral vindication of an ethical principle." Reaching out a large hand, Franklin Roosevelt drew a pad of paper toward him, flicked out his fountain pen and, like a true statesman, straightway declared himself. A few minutes later his "moral vindication of an ethical principle" was in the hands of the Press: "The President stated that he is in entire sympathy with all people who make it clear that the American people and the Government...