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...When John Jacob Astor II went down on the Titanic, most of his fortune went to 20-year-old Son Vincent, only a few million to Son John Jacob III, then unborn. Since Vincent has no direct heirs, William is heir apparent to both fortunes...

Author: /time Magazine | Title: People, Jul. 31, 1939 | 7/31/1939 | See Source »

...celebrate the fourth birthday of Millionheir* William Astor, his parents, Mr. and Mrs. John Jacob Astor III, invited his playmates to a party on the lawn of Chetwode, pillared Astor mansion at Newport...

Author: /time Magazine | Title: People, Jul. 31, 1939 | 7/31/1939 | See Source »

...London School of Economics, thence to graduate work at Harvard. Duly Ph.D.'d, he taught Harvard boys from 1927 to 1934 that the purpose of business is profit. In 1934, Secretary Henry Morgenthau Jr.'s then economic soothsayer (and still his privy counselor), conservative Chicago Professor Jacob (Balanced Budget) Viner, induced Currie to leave Harvard, made him his assistant. Later that year, Chairman Marriner Stoddard (Unbalanced Budget) Eccles of the Federal Reserve Board spotted Currie for his technical qualifications, made him Assistant Director of Research and Statistics and personal adviser...

Author: /time Magazine | Title: GOVERNMENT: Secretary of Economics | 7/24/1939 | See Source »

...David Stern's New York Post, which gave itself periodic shots in the arm until George Backer bought it and took it out of the narcotic ward last week, began selling cheap records as a promotion stunt last winter. The Post's Business Manager Jacob Omansky, ardent music-bibber, invented the scheme: the paper commissioned RCA Victor to make a series of special recordings, guaranteeing their cost ($150,000) should the venture fail. The music to be recorded was chosen by the Post's Musicritic Samuel Chotzinoff, a key figure in the plan because he is close...

Author: /time Magazine | Title: Music: Record Record | 7/3/1939 | See Source »

Married. Nina Barbara Raskob, 21, ninth of Financier John Jacob Raskob's 13 children; and Charles Wesley Lyon Jr., 23, University of Virginia Law School graduate; in Centreville, Md. Among the guests: New York's ex-Governor Alfred E. Smith...

Author: /time Magazine | Title: Milestones, Jun. 26, 1939 | 6/26/1939 | See Source »

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