Word: hession
(lookup in dictionary)
(lookup stats)
Dates: during 1940-1949
Sort By: most recent first
(reverse)
This mail-order bookkeeping service was the brain child of Jack Hession, 36, who learned his bookkeeping as a federal bank examiner, got his financial backing through his war job as a drill-press operator in Consolidated-Vultee's San Diego plant. On the next machine was Charles Silverman, who had always made money fast (he sold his Boston-New York bus line in 1929 for a fat price), but had not hung...
About a year before Convair laid him off, Silverman and eight other Convair workers pooled $10,000 (half was Silverman's), ran it up to $100,000 by dealing in real estate through their Postwar Investment Co. When Jack Hession was laid off, he went to work to figure out a bookkeeping system for small businessmen. They needed it badly because 1) most of them didn't know how to keep books and 2) they couldn't afford a part-time bookkeeper to do the job. Why not, thought Hession, a mail order service which would charge...
...months, Hession and Silverman had 1,000 California businessmen mailing their records every Monday to the company's San Diego and Los Angeles offices (Mail-Me-Monday pays the bill if their figures on tax returns are wrong). They soon had so many accounts that they started to sell franchises for the use of the idea on a basis of $1,500 down, $1 a month royalty on each account handled...
...first sixteen months, Accounting Corp. has grossed about $300,000, will net a sizeable chunk of this, since their expenses are small (they have only 60 employes). Last week, Silverman and Hession were in New York to explore the eastern market. Business was so brisk that Hession quipped: "We even had to hire bookkeepers to keep our own books...
...BRIAN HESSION, M.A. Vicar of Holy Trinity Aylesbury, England Chairman Bible Films Los Angeles...