Word: ince
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Dates: during 1930-1939
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...Gerard connection did not last but James continued the insurance business with John Sargent, a shrewd Harvard-man, as Roosevelt & Sargent Inc. Son James sold a $2,500,000 policy to the American Tobacco Co. on the life of its President George Washington Hill. The Columbia Broadcasting System bought a like amount of the Roosevelt brand of insurance. In his first year with Sargent, James acquired $67,000 worth of independence. Business improved each succeeding year until James-now the richest of the Roosevelts excepting possibly his grandmother-is estimated to be worth half a million dollars...
Financial Desert. Although advised that TIME could not properly be launched with less than $1,000,000 capital, Editors Luce and Hadden started with only $85,000. This they obtained by selling preferred and a little common stock in TIME Inc.* to citizens who had more faith that a newsmagazine would be a public service than that it would be a financial success...
...business management to Roy E. Larsen, TIME'S first circulation manager.* To free himself, when necessary, from routine editorial duties, he also created the post of managing editor and gave it to John S. Martin, a contributing editor of TIME'S first issue. Later, the various TIME Inc. publications were made autonomous and given publishers to look after their individual affairs. Two former managing editors of FORTUNE, Ralph...
...asset here, thumbnose at a liability there, list the right figures in the wrong columns, and a company would soon be unable to tell its assets from its inventory. Last week, the Manhattan Curb Exchange and the Amsterdam Bourse suspended trading in the stock of Interstate Hosiery Mills, Inc. while its officials tried to make sense of its balance sheet. A small, rather bald accountant named Raymond Marien was being held in jail. Accountants all over the country sighed sympathetically...
...Copyright, 1938, by Time Inc...