Word: liptons
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Just before he sailed home on the Normandie last week, taciturn, tweedy Sir George Ernest Schuster, chairman of the board of Lipton, Ltd., received newshawks in his suite at Manhattan's Waldorf-Astoria and imparted to them a bit of last-minute information. Last February, said Sir George, he had become president of Thomas J. Lipton, Inc., when the stock of that U. S. company had been wholly acquired by his English corporation. Why his election had not been announced before he did not explain, observed vaguely: "There never has been a time when the strengthening of economic ties...
Next day Thomas J. Lipton, Inc. filed with the Securities & Exchange Commission a registration statement for 52,000 shares of new $25 par 6% cumulative preferred stock and 200,000 shares of $1 par Class A common stock, which represented the second and final recapitalization made by Lipton, Ltd. since February. With SEC's permission. Hallgarten & Co., Manhattan underwriters, will exercise options on 26,000 shares of preferred and 100,000 shares of Class A common and resell it to the U. S. public. The rest, together with 200,000 shares of Class B common equal in voting rights...
Challenger. Racing for the America's Cup tends to become an obsession. From 1899 through 1930, proprietor of the obsession was Great Britain's famed Sir Thomas (tea) Lipton, who spent $4,000,000 on five unsuccessful tries to "lift the Mug." Skipper Sopwith challenged for the Cup for the first time in 1934. Beaten after a disputed finish in the fourth race, he sailed home in a rage, announced he would never challenge again, took almost two years to change his mind. Famed principally as an airplane manufacturer, whose first appearance on the U. S. scene...
Yacht races for the America's Cup in the 19th Century were customarily accompanied by bitterness and suspicion. That the tradition of rancor had stoutly survived the 31-year period in which the late Sir Thomas Lipton made five amiably unsuccessful attempts to win the Cup was evident last fortnight when Rainbow completed its defense against Thomas Octave Murdoch Sopwith's Endeavour. Skipper Sopwith sharply expressed his dissatisfaction when the New York Yacht Club's Race Committee refused to hear his protest after the fourth race. Both Rainbow and Endeavour finished the sixth race with protest flags...
Contenders. Racing for the America's Cup cost approximately $1,000,000 an hour in 1930. Rainbow is considered by Harold Vanderbilt an economy boat. Using some of the equipment of Enterprise, the Cup defender which beat the late Sir Thomas Lipton's Shamrock V in 1930, she cost only $5,000,000. Rainbow was built in 97 working days at the Herreshoff shipyards at Bristol, R. I. where Nathanael Greene Herreshoff, now 85 and retired, had designed and built five successful defenders. Rainbow was designed like Enterprise by William Starling Burrgess. She has seven suits of sails...