Word: irone
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Dates: during 1930-1939
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...statement 30 or even 15 years ago, his colleagues would have thought he had caught religion or become drunk. His employees would not have believed him. Yet when Charles Michael Schwab, board chairman of Bethlehem Steel Corp., said those words last week at a Manhattan meeting of the American Iron & Steel Institute, his auditors were not greatly startled. Though they knew "Charley" Schwab for the most unregenerate optimist in U. S. Industry, a notorious backslapper, hand shaker and well wisher, they also knew that what he said really did reflect the modern concept of business in dealing with critical economic...
...offices of Drexel & Co., Philadelphia associates of J. P. Morgan & Co., there is an upstairs room on the walls of which are large maps. When Drexel-Partner Thomas Newhall is talking about Philadelphia & Reading Coal & Iron Corp. (he is chairman of the executive committee, also a director), he is very likely to take his listener to this room, punctuate sentences with references to the maps...
Philadelphia & Reading Coal & Iron Corp., known to stockmarket traders as PRC, is a holding company formed in 1923, marking the complete segregation of Reading Railroad's coal properties. For the first few years after 1923, it is safe to say that PRC's bankers, Drexel & Co., were not especially proud of these properties. Production fell off, profits came hard, sometimes did not come at all. In the opinion of coalmen, statisticians and investors, PRC was definitely on the downgrade. Now Drexel-Partner Newhall is very apt to feel proud when he points to PRC maps. A noble experiment...
...assets. Empire's profits, however, have not been great; the preferred dividend was recently passed. Pickands, Mather & Co.'s entrance into the company was through acquisition of the holdings of William H. Davey of Mansfield, Ohio. New Empire president will be Paul Llewellyn, onetime president of Interstate Iron & Steel...
...Author. Frank Shay, onetime Greenwich Village charter member, lives in Provincetown, Mass., Greenwich Villagers' summer colony. He likes conviviality, and has collected several song anthologies : Iron Men and Wooden Ships, My Pious Friends and Drunken Companions, Drawn From the Wood...