Word: iceless
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Dates: during 1920-1929
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Radios by G.M. The vast preferred stock dividends of General Motors Corp. have, for many a moon, been paid by profits from an iceless refrigerator-Frigidaire. Last week there was talk that radio-making might someday swell the profits of , this world's-biggest-money-making corporation. For, last week, General Motors discussed with Radio Corp. plans for using some of its available manufacturing equipment to turn out sets under R. C. A. patents. Also, last week, General Motors picked up a small ($13,000,000) electrical-equipment concern, Northeast Electrical Co. of Rochester. Already, indeed, General Motors makes radios...
Senator James Couzens, onetime a partner of Henry Ford, and always a level-headed economist, last December organized a $1,000,000 corporation to manufacture iceless refrigerators. His model was to sell for one-half the present price of such coolers. But the buyer must pay cash...
Interpreneur Couzens has learned that not enough U. S. householders are yet willing to pay cash for even a standardized iceless refrigerator. They are habituated to the trade custom of instalment payments. So, last week, Mr. Couzens in disgust dissolved his company...