Word: hertz
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...Yellow Cab Manufacturing Co., for the first time in its history, cut its dividend rates, from 41c. a share per month to 21c.?or from about $5.00 to about $2.50 per share per annum. Ac-compaying the announcement was an unusual statement from President John Hertz...
...Hertz companies had a very remarkable history in the Chicago stockmarket. The favorites of local speculators, many of whom became rich thereby, the shares of the Hertz companies sold at constantly higher prices. Frequently Mr. Hertz has declared that his stocks were selling too high, but speculators paid scant heed...
...Hertz abjures all this: "I have had a bitter lesson. I was pitch-forked into the stockmarket; now I am going to pitch myself out of it. ... I have done nothing for the last six months but worry over the stockmarket action of our securities. I had an eye glued to the tape most of the time and missed many a good night's sleep. I am through with this forever. . . . Surplus earnings from now on are go- ing to be ploughed back into the company...
...Prof. Hertz, of the Univ. of Bonn−Early wireless communication...
...Hertz, now a national figure, got his start in the motor business as an automobile salesman, and his start as a motor operator by buying three taxicabs and borrowing seven more. From this start the Yellow Taxicab Co. of Chicago sprang. Hertz succeeded in injecting responsibility and economy into a chaotic industry...