Word: lothaire
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...Regretfully" accepted the resignation of Assistant Commerce Secretary Lothair Teetor. praising his "diligence and talent." Teetor announced last May that he would soon return to his family's Indiana piston-ring business, the Perfect Circle Corp., scene of a violent C.I.O. strike since last July...
...American watchmakers told the subcommittee that Swiss imports are driving them out of domestic watch production. thereby crippling national defense. Arthur S. Flemming, head of the Office of Defense Mobilization, Assistant Defense Secretary Thomas Pike and Assistant Commerce Secretary Lothair Teetor, testified that the U.S. needs an efficient watch industry...
Umbrellas & Overshoes. Elsewhere in Washington last week. Federal Reserve Board Governor A. L. Mills Jr. and Assistant Commerce Secretary Lothair Teetor both saw increasing signs of an early business upturn. "The gloomy ones may well be caught out in the sunshine with their umbrellas and overshoes on," said Teetor. Though two private economists, Walter E. Hoadley of Armstrong Cork Co. and Dr. Courtney Brown of Columbia University, saw no such sign of a swift upturn, neither could they see any signs of an oncoming bust. The gentle slide, they thought, had just about hit bottom...
...Lothair, son of Charles, is 35, a graduate of University of Wiconsin. He shows his German ancestry in fat cheeks and a chubby body. He wishes he did not look so young. He has always been interested in the promotion of new business and persuaded the company to start national advertising, although the consumer does not directly buy the product. Last year Perfect Circle spent $351,000 in advertising, this year it will spend more. The result has been increasing replacement business to offset the declining needs of manufacturers. Lothair takes a big interest in departments other than that...
Ralph Teetor, Lothair's cousin, has been blind since boyhood. This did not prevent him from graduating from University of Pennsylvania with honors in engineering or from designing most of the company's patented machinery. Tall, gaunt, he spent the War years working in a shipyard. The ship company tried to persuade him to stay with them but he was loyal to piston rings and returned to Hagerstown. He is sensitive about his blindness, walks alone to work each day without a cane and often goes for a stroll through the factory...