Word: hartford
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Dates: during 1940-1949
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...young Elliott Roosevelt, who had dabbled in other business ventures, dreamed up a new idea: a "Transcontinental Broadcasting System" big enough to compete with NBC and CBS. Through mutual friends, he appealed to John Hartford, president of the Great Atlantic & Pacific Tea Co., for $200,000 to help finance his radio ventures. Hartford met him, lent him the money, accepting Elliott's six months' note. As collateral, he took something which banks would not accept-shares of stock in some small Texas radio stations (how many shares Hartford could not remember offhand...
Elliott went back to his TBS, bought $75,000 worth of its stock. Hartford went back to his groceries and his worries over an anti-chain-store law which Representative Wright Patman of Texas was trying to push through Congress. If passed, the law would have cost the A. & P. many millions a year...
...Dream. In the words of Caruthers Ewing, Hartford's attorney, the situation "rocked along for a while." After several months of confused dickering, Elliott's TBS blew up. It was dumped into receivership...
...this country in the latter part of the War of 1812 were so bad, the corruption and factionalism were so rampant in the Government, inefficiencies in the Army were so notorious, and the administration of affairs was so bad that representatives of the people of New England met in Hartford, Conn, and solemnly voted to secede. They were giving up as hopeless the attempt to get internal unity and stability...
Other appointments include Robert DuBois'48 as Technical Director, replacing Hartford Gunn '48, and Theodore Lee Rowland '48 as Popular Music Director...