Word: inc
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Dates: during 1930-1939
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Because the freedom, responsibilities and mores of the U. S. Press are today a public issue, TIME Inc. last year undertook a nationwide survey of the Press, using its own reporters and the machinery of the FORTUNE polls. In its August issue, out this week, FORTUNE prints the results of that survey. They constitute, for the first time in the long history of the free-press debate, a comprehensive body of fact, showing what the people think of the Press. Notable findings...
...constant harangues that working for Mr. Goldwyn entails, threw up his contract, this week sailed for Europe. Last week Frank Capra, completing Mr. Smith Goes to Washington under his Columbia contract, announced that, instead of signing another, he would rejoin Riskin in the fall as Frank Capra Productions, Inc. Since high-powered Screenwriters Gene Towne and Graham Baker have also set up shop for themselves this year (TIME, May 29), Hollywood saw a Trend. Though the Capra-Riskin production plans remained their secret, neither they nor anyone else thought they would have much trouble in financing as many pictures...
Colorado's Supreme Court decided in May that the privately owned retail outlets of Gamble-Skogmo, Inc. (auto parts) were not a "voluntary" chain of stores and therefore fair game for the State's chain-store tax. Right then U. S. motormakers began to anticipate trouble. Last week to General Motors, Colorado sent a bill for $234,655; to Ford went one for $102,470; to Chrysler, Hudson, Studebaker, Nash and Packard went others totaling $193,995. Grand total: $531,120, billed to the seven motormakers for four years' chain-store license fees...
...Groesbeck saw the handwriting on the wall, quit beating his head against it. Promptly, Bond & Share registered with SEC. Holding company service subsidiaries had frequently been charged with bleeding operating companies. So Bond & Share forfeited all income (about $800,000 a year) from its management firm (Ebasco Services, Inc.), which began servicing the system's operating units at cost. Next, Groesbeck pulled out of the TVA fight, selling four operating companies to Government competitors, leaving Willkie (of whose Commonwealth & Southern system Bond& Share is a 5% owner) to shift for himself, taking a loss...
...above figures were certified by McKesson's new accountants, S. D. Leidesdorf & Co., and its inventory at the close of ($31,366,635) was checked by Ford, Bacon & Davis, Inc. engineers...