Word: greenewalts
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Among the people Researcher Fremd has interviewed are such TIME cover subjects as Movie Magnate J. Arthur Rank; Dress Designer Sophie Gimbel; Crawford Greenewalt, president of Du Pont; Fashion Model Lisa Fonssagrives; and David Sarnoff...
While working on the Greenewalt cover story (TIME, April 16, 1951), Liz spent many days in Wilmington, Del. Once, during the course of the research, she and Mr. Greenewalt found themselves in a long, theoretical discussion on how TIME researches and reports a story-particularly such a complicated one as this. The discussion finally wound up in a bet. If there were no errors in the Greenewalt cover story, he was to pay Liz $5; for each error, Liz was to pay him $1. Says she: "I had to send him $1. I got Pierre du Font...
Another person she talked with on the Greenewalt story was the late Lammot du Pont, whose great hobby was wood chopping. During this discussion Liz got a long lecture on the theory and rewards of wood chopping. "I must admit," she says, "that I was still a bit skeptical about the rewards after it was over...
What did all this add up to? Few businessmen thought it was anything more than what they called it: isolated soft spots. Some of the biggest, like Du Pont's President Crawford H. Greenewalt, were strongly optimistic. Said Greenewalt: "There is in my opinion no more reason to credit current pessimism than there was to take to the woods in 1945." The facts bore him out. Business was still expanding vigorously, as evidenced by A.T. & T.'s plans to offer $625 million in convertible debentures, the largest single new financing issue in U.S. corporation history...
With the appearances of Greenewalt and Wilson, the taking of testimony in the 87-day trial came to an end. Since last November, nearly 2,500,000 words have gone into the record in the courtroom of Judge Walter J. La Buy, who is hearing the case without a jury. Almost a million more have gone into the court's records in the form of letters and documents. On its part, the Government has presented 1,200 documents out of some 100,000 studied. In its defense, the 33 defendants (cut by the Government from 118) produced about...