Word: lasted
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Dates: during 1920-1929
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...several shadows thrown before the Republic merger event was last month's (TIME, Nov. 4) resignation of Tom Mercer Girdler from the presidency of Jones & Laughlin, Pittsburgh's great "family" steel company. Last year Jones & Laughlin made Mr. Girdler president, having heard that the Eaton interests were negotiating with him, so that his departure from Jones & Laughlin indicated that Mr. Eaton had some large fish ready to fry. Mr. Girdler, who has spent nearly 30 years in various steel mills, swears vigorously and always keeps his hat on, to be ready for emergency calls...
Throughout the U. S. last week, many a musical citizen trilled on the keyboards of a Chickering, of a Knabe, of a Mason & Hamlin piano, all products of American Piano Co. factories. The Knabe is the official piano of the Metropolitan Opera Company; Jeritza, Ponselle, Titta Ruffo use it. Moiseiwitsch, Bauer, Ravel endorse Mason & Hamlin. The Chickering advertises itself as "essentially a piano for the home," is the oldest in the U. S.. was the favorite of Franz Liszt.* And almost all great pianists have made music rolls for the Ampico reproducing grands, which are also an American Piano...
...that did not prevent the American Piano Co. last week from suffering a sudden glissando into the hands of receivers (Manhattan's Irving Trust Co., appointed by Judge Alfred C. Coxe). The petitioners were W. D. Byrnes, Inc., a Manhattan trucking concern, who in presenting a bill for $7,000, declared that the company's property was valued at $3,689,000. that its current and unpaid liabilities were $1,200,000, that its property assets could not be immediately realized without great sacrifice...
American Piano (chartered in 1908) had a long and successful business career until 19-27, when common dividends were first passed. In 1928 the last preferred dividends were paid and the year ending March 31, 1929, showed a deficit of $235,235. Last July President George Urquhart reported that "decline in demand for pianos which started in 1927 continued through 1928, and in the present year to date...
...Fourth largest of New York banks is Equitable Trust Co. with resources of $953,000,000. Last fortnight its president. Chellis A. Austin died (TIME, Dec. 23). Last week Lawyer Winthrop Williams Aldrich was elected to succeed him. A yacht-goer, Lawyer Aldrich is 44, also a director of Bankers Trust Co. While he has been legal advisor to Equitable for ten years, most famed of his legal activities was to handle John Davison Rockefeller Jr.'s ousting of Oilman Robert Wright Stewart from Standard Oil of Indiana. After his election, Mr. Aldrich frankly conceded he came to Equitable...