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...eighth running of the Classic was $35,000. That the Arlington Classic will eventually be worth $100,000 and the most celebrated horse race in the world was the proud prospect offered to Chicago last week by the Arlington Park Jockey Club's Founder John Daniel Hertz. Discussing the track's policy and progress, Mr. Hertz announced that since 1929 Arlington Park has repaid all but $700,000 of the $5,000,000 debt it incurred seven years ago. When the $700,000 is written off, Arlington Park, only non-profit race track in the U. S., will...

Author: /time Magazine | Title: Sport: Horses & Courses | 8/3/1936 | See Source »

...year Illinois racing was legalized, by a California promoter named H. D. ("Curly") Brown. It lost money. In 1929 Capone offered to buy the track for $1,500,000. Promoter Brown jumped at the offer. Because the deal might well have meant the end of Illinois horse racing, Mr. Hertz, whose Reigh Count had won the Kentucky Derby in 1928, asked him to call it off. Brown offered to sell the track to Sportsman Hertz for $2,500,000 if he could raise the money in 24 hours. It took Mr. Hertz just 20 minutes to extract...

Author: /time Magazine | Title: Sport: Horses & Courses | 8/3/1936 | See Source »

...Southampton, where the Queen Mary was berthed last week, her synagog was quietly consecrated by Very Rev. Joseph Herman Hertz, Chief Rabbi of the United Hebrew Congregations of the British Empire. Bearded Rabbi Hertz gazed appreciatively at the handsome seagoing synagog, complete with Shulcran (reading desk). Holy Ark containing the Torah (scroll of Hebrew law) and everlasting lamp. Then he made a little speech pointing out that this was the first time a synagog had ever been included in the original plans of a ship. France's Normandie recently added a synagog seating 48 to take care of Jewish...

Author: /time Magazine | Title: Religion: Seagoing Synagog | 5/25/1936 | See Source »

...wrote The Crisis and Some Ways Out (1931), other economic books and articles. William J. Hammerslough is head of the firm's investment advisory service. Monroe Gutman is the statistician and analyzer of corporate statements. To this group of conservative, capable, quiet bankers in 1934 went John Daniel Hertz, Chicagoan who collects race horses rather than Madonnas, who is a businessman, not a banker, who has been unsuccessful in business only in his two attempts to retire from it. Born in Austria, arriving in the U. S. at 4, he grew up to write sports for a Chicago newspaper...

Author: /time Magazine | Title: Business: Good Hunting | 11/18/1935 | See Source »

...came back from his first retirement to handle finances of Paramount Publix. He slashed costs, reduced rentals, made executives turn in expense accounts. But he cut off so many heads and stepped on so many toes that in 1933 he resigned, reputedly over the question of John Hertz authority versus Adolph Zukor authority. The second retirement also failed to take, and in January 1934 he became a Lehman partner...

Author: /time Magazine | Title: Business: Good Hunting | 11/18/1935 | See Source »

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