Word: hendersons
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...BRYANT HENDERSON...
...Boston's dingy old Ames Building a month ago, Ernest F. Henderson, rumpled, fast-moving president of the Sheraton Hotel chain, got an urgent telephone call from Montreal. His Canadian manager, John C. Udd, excitedly told him that Canada's biggest private hotel chain, the Cardy Corp., was for sale. If Henderson wanted to buy it, he would have to give his answer by 5 p.m. that day. Henderson did some quick figuring and called back, "Yes." Then he hopped a train for Montreal...
This week Henderson took the Montreal train again, to clinch the deal with Montreal's Hotelman Vernon G. Cardy, who is equally well-known as a horseman. ("There is nothing so good for the inside of a man as the outside of a horse"). For an undisclosed sum, Henderson would get the majority stock in six hotels with reported assets of $15.8 million, including two of Canada's largest-Montreal's 1,100-room Mount Royal and Toronto's 1,100-room King Edward. The others: Hamilton's Royal Connaught, Windsor's Prince Edward...
...Henderson, who likes to sell less profitable hotels for cash while buying promising new ones on credit, has been buying & selling so fast recently that he could hardly keep track of his hotels himself. Only last August he bought Canada's Ford chain (Toronto's Ford Hotel, Ottawa's Lord Elgin, Montreal's thriving new Laurentien), and with it got Ford's president, big (6 ft. 2 in.), husky (200 lbs.) Jack Udd, who will now boss the bigger Canadian operation...
Imported Virus. Sitting at the back of the room as Henderson spoke were platinum-haired Clem Whitaker and his copper-haired business partner-wife, Leone Baxter, who were hired last February at $100,000 a year to give the medical profession's account of itself to the U.S. public. Whitaker & Baxter reported on what they had done since "the virus of socialized medicine had spread from decadent Europe and taken deep root here...