Word: garlanded
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...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 in a flamboyant security swindle...
Yaleman Mason appeared to have been merely the tool of Yaleman 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...
...Yaleman Garland went to Pittsburgh's Shady Side Academy, but his financial progress ran roughly parallel to valuation placed on his 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...
...three: Chairman Samuel P. Wetherill, president of Philadelphia's Wetherill Engineering Co.; Col. Robert G. Elbert, Wartime Flyer Gill Robb Wilson, director of Aeronautics in New Jersey, president of the National Association of State Aviation Officials. Besides Commander Rosendahl, they were advised by Commander Garland Fulton, lighter-than-air expert, and by President Paul W. Litchfield of the Goodyear Tire & Rubber Co., which presumably will build any future U. S. airships...
Married. Actress Margaret Garland Sullavan, 25, onetime wife of Actor Henry Fonda; and Leland Hayward, Manhattan theatre & cinema agent (chief client: Katharine Hepburn) ; in Newport...