Word: jarman
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Typically English was Artist Munnings' liverish outburst last week in Suffolk, the county of his birth. At Bury St. Edmunds, 87 miles from London, where the Magna Charta was drawn up, Mayor Harry Isaac Jarman prepared to open a Munnings exhibit. Of the 61 canvases he had gathered, 15 were recent paintings of blue-blooded hunters and racers lent by the artist, seven were early studies of country horses lent by the city of Norwich. To the seven, Munnings made violent objection: six were "childish beginnings" that he had outgrown, one he had not even painted. He insisted that...
Five years later he did so. Today, Jarman Shoe Co., its name changed to General Shoe Corp., turns out 30,000 pairs of shoes a day, is the fifth largest U. S. shoe manufacturer. Last week a syndicate headed by Smith, Barney & Co. offered 150,000 shares of General Shoe preparatory to listing on the New York Stock Exchange; impressed by the company's record and prospects, investors promptly bid up the new shares to a small premium...
...General Shoe s success story contains no compromise with Founder Jarman's original high principles. Nevertheless, James Franklin Jarman left an estate of $3,500,000 when he died last August. Two-thirds of his money went to the Jarman Foundation, whose objectives are aiding Bible institutes, Fundamentalist orphanages and missionaries. Management of the company went to his son, Walton Maxey Jarman, president for the past five years...
...Maxey Jarman has carroty hair and mustache, a thick Southern drawl and is a Baptist deacon like his father. He neither smokes nor drinks, begins every stockholders' meeting with prayer, fills his annual report with remarks like: "We believe that to be successful we must build on a foundation of Character." He has also filled his annual reports with solid figures. General Shoe now has 40 retail outlets from coast to coast selling shoes in the $3 to $7.50 class. Its fiscal 1938 earnings were $647,670.15, or $1.27 per share. Current orders are the largest in its history...
General Shoe's best customer is Maxey Jarman himself: he breaks in a new pair of shoes every week...