Word: inc
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Dates: during 1920-1929
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Winifred Lenihan, Theatre Guild actress (Joan of Arc, Major Barbara), went to court last week to defend her right to put a baby and some clothing on the balcony of her Manhattan apartment. Her landlords, the Turtle Bay Holding Co. Inc., testified: 1) that she erected the balcony in violation of her lease; 2) that the presence of the baby and clothing on the balcony annoyed the neighbors...
Among new financings of last week was an offering of $32,000,000 in bonds of Railway Express Agency, Inc. Such famed houses as J. P. Morgan & Co., Kuhn, Loeb & Co., First National Bank and National City Co. underwrote the issue. On March 1, subject to the approval of the Interstate Commerce Commission, the new organization will take over virtually the entire expressing business of the U. S. The bond issue culminates two years of effort on the part of U. S. railroad executives, particularly of William Benson Storey, president of the Santa...
Radio-Western Union. Last week David Sarnoff, vice president and general manager of Radio Corp., and Newcomb Carlton, president of Western Union, sailed for Europe on the Aquitania. The incident strengthened rumors concerning a Radio-Western Union merger. Chief obstacle to a union between Radio Corp. of America Communications, Inc., and the Western Union Telegraph Co. is the White Act, Federal law forbidding the merger of wire and radio companies. It is believed, however, that Radio and Western Union will soon conclude an operating agreement. Later an effort will be made to amend the White Act to permit a merger...
Textile Merger. Consolidation of Frederick Vietor & Achelis with Peierls, Buhler & Co., Inc., leading textile financing firms, was last week announced by Commercial Investment Trust Corp., which has acquired control of both organizations. Resources of the combined firms total $35,000,000; annual sales are in excess...
...Herald's award, which hereafter will be annual. Since the Christian Herald is the largest Protestant weekly in the U. S. its award is a matter of no small moment. In time, Editor High and Chain-Store Tycoon James Cash Penney, who is president of the Christian Herald Association, Inc., hope to have their award rated as a sort of Nobel prize for religion. Unlike the Nobel prizes, however, Christian Herald awards will go to none but U. S. citizens...