Word: macauley
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Dates: during 1920-1929
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Someone had to show faith. The first to do so was T. B. Macauley, president of the Sun Life Assurance Co. of Canada, who said that his company (large institutional stock-buyers) was not selling, was buying (TIME, Nov. 4). Others quickly followed his lead. From Washington Dr. Julius Klein, Assistant Secretary of Commerce, radioed to the nation that its business was sound, that only 4% of U. S. families were affected by the break. Others were Stuart Chase and Irving Fisher, famed economists, Paul Shoup of the Southern Pacific, Bowman Gray of the R. J. Reynolds Tobacco Co., Luther...
Tuesday brought also a quota of cheerful utterances. Said T. B. Macauley, president of the Sun Life Assurance Company of Canada (one of the largest of institutional stock-buyers) : "The present crisis in the stock market squeezes out inflation caused by speculation, and we have taken opportunity largely to increase our holdings, and we are still buying." Said Chase National's Albert Wiggin: "None of the corporations or institutions I am connected with is selling stocks at this time. We are buying." President Hoover said that U. S. Industry was on a sound basis. The banking group also...
...before her marriage. Perhaps the Lindberghs had remembered that, decided to return the courtesy. City Editor Bergener ordered another newsman to telephone the Cutter house. Amused, Col. Lindbergh answered, confirmed, amplified. Flying from Cleveland to Detroit, Col. Lindbergh furnished many another newspaper with good "copy" by visiting President Alvan Macauley of Packard Motor Co., trying out one of the new Diesel-powered Packard airplanes, driving a Packard speed car round a concrete track at 112 m.p.h...
Chief Witness, Macauley has been general manager of Packard since 1910, president since 1916. He was born in Wheeling, W. Va., in 1872. His father, James A. Macauley, was born in Ireland, came to this country at the age of 12, later fought in the Civil War where he lost an arm in battle and spent nine months in Confederate prisons. The elder Macauley was West Virginia's first Secretary of State. The son went to Lehigh University, took a law degree at George Washington University, became (1895) patent attorney for National Cash Register...
...went to Burroughs Adding Machine Co., then located in St. Louis, as General Manager. He found that the man whom he succeeded as General Manager had left in a great rage. Soon Mr. Macauley, planning an expansion program, needed to acquire a certain alley. His predecessor had a good deal of political influence and the City Fathers would not give Mr. Macauley his alley. So Mr. Macauley took a train to Detroit, made arrangements for securing all necessary alleys and other real estate. Then back to St. Louis he went...