Word: gillette
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...long-pending merger of Continental Oil and Marland Oil companies was interpreted as first step in a national Morgan oil corporation, public interest was wider but still quiescent. But also announced last week was a Morgan-managed merger of Fleischmann Co., Royal Baking Powder Co., and E. W. Gillett, Ltd.* At that the country sat up and took sharp notice...
Royal Baking Powder, by increasing its outstanding stock from 100,000 shares ($100 par) to 800,000 shares (no par) is giving its shareholders the equivalent of a 700% stock dividend. Besides, it is selling them $5,000,000 stock in its two main subsidiaries?E. W. Gillett Ltd., Canadian maker and distributor of baking powder and allied products, and American Maize Products Co., maker and distributor of corn starch and corn byproducts...
...Senator Gillett's "seed" speech was duly reported in the reliable Springfield Republican, oldtime Bible of many a G. 0. Politician. The "seed" about Mrs. Smith soon brought forth hot letters from Massachusetts Democrats. The Republican newsman, George E. Pelletier, who had reported Senator Gillett's remarks, called on the Senator to see if he would like to end the unfinished sentence about Mrs. Smith. The Senator said he did not exactly recall what he had said, that it was unimportant anyway...
There the thing might have stopped but for the alert New York Times, which reprinted Senator Gillett's unfinished sentence in an editorial and roundly flayed him for "vulgarity and stupidity ... execrable taste . . . political blunder . . . folly . . . impropriety . . . unchivalrous . . . offensive . . . underground propaganda...
...Senator Gillett wrote to the New York Times: "The words and insinuation you ascribe to me I neither uttered nor conceived . . . You have been imposed upon ... by a gross perversion and distortion of a harmless remark...