Word: hugo
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Dates: during 1920-1929
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...both Commissioners Chadbourne & Swope had excursioned to Paris, there to witness a contemporary demonstration of the ancient truth that one horse can run faster than another. But between chills, thrills, the U. S. representatives had also won a complete, a memorable, a monumental victory. For last week Sir Hugo Hirst, British G. E.'s Managing Director, announced that his company's "British Only" stock issue had been unconditionally withdrawn. Thus the principle of financial internationalism was thoroughly vindicated; thus the U. S. financier can send his dollars across the ocean, confident that they will meet with at least...
Somewhat a grudging loser was Sir Hugo, however, whose head, though bloodied, remained unbowed. His capitulation, obviously forced, hinted at unspecified outside interests that had compelled the abandonment of a highly reasonable position. "Certain proposals, for which I have made myself responsible, . . . have become the subject of an acute controversy on a stage much wider than that of the company itself. . . . Proposals . . . made with the sole object of increasing the prosperity of the company . . . prompted by my view that the preponderating interests in our great industry should always be in British hands. ... I have always held the view that...
Getting heavy planes off the ground requires more power than flying them straightaway. Hence, attempts to shove them upward from inclined planes; hence, the device of the German Dr. Hugo Junkers, which last week's despatches reported successful. He places the plane which is to fly, on the wings of a large three-motored auxiliary plane. The auxiliary leaves the ground with its load, when good flying height is attained, the top ship takes off from the auxiliary, which returns to its field. Last week the U. S. gave Dr. Junkers letters patent for his idea...
...finance know, they had come to London to combat the recent decision (TIME, April 1) of British General Electric Co., Ltd., to restrict a forthcoming stock issue to British citizens exclusively. This plan aroused much opposition on both sides of the Atlantic. One British M. P. even denounced Sir Hugo Hirst, British G. E.'s managing director, as "a super-patriot of German origin"-the reference being to the fact that Sir Hugo, though now a Britisher, was born in Munich. So Sir Hugo, discovering himself to be an unpopular minority, postponed the issue, pending conferences with representatives...
...could squeeze information out of the official communiques concerning the Hirst-Chadbourne-Swope meetings. The first report said that "no conclusion was arrived at at this morning's amicable meeting." Further meetings were delayed when Mr. Chadbourne was taken with a chill. It is known, however, that Sir Hugo has proposed a compromise arrangement by which U. S. shareholders can exercise their rights in the new issue, provided that they sell their new shares within ten weeks. This arrangement permits U. S. shareholders to benefit by the bonus character of the new stock, but makes no concession...