Word: mackay
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...four-and-a-half-year reorganization last week came what was left of the late Clarence Mackay's Postal Telegraph communications system...
...Postal system had two main units: the "Land Line System," with a domestic telegraph business, and a cable and radio system to Europe and Latin America. In 1928, Clarence Mackay decided that music was a more interesting medium of communication, sold the system to International Telephone & Telegraph. By June 1935, I. T. & T. was fed up with advancing Postal cash to pay the $2,500,000-a-year interest on its bonds, let it slip into 77-B. Largest independent bondholder: Lehman Bros, (and clients), whose Bondholders Committee finally represented some $30,000,000 (about 60%) of the bonds...
...Wise Hobson of Southern Ohio, Edward Lambe Parsons of California, Henry Knox Sherrill of Massachusetts; Methodist Bishops Ivan Lee Holt of Dallas, Francis John McConnell of New York; Presidents Charles Seymour of Yale University, Mildred Helen McAfee of Wellesley College, Elizabeth Cutter Morrow (acting) of Smith College, John Alexander Mackay of Princeton Theological Seminary, Henry Sloane Coffin of Union Theological Seminary; Theologians Niebuhr, William Adams Brown, Howard Chandler Robbins, Henry Pitney Van Dusen; Church Laymen John Raleigh Mott, Robert Elliott Speer, Charles Phelps Taft...
...Tintoretto, et al. If pressed to name his favorite Uncle Sam will smile; he doted on all of them, but might admit that Duccio di Buoninsegna's The Calling of St. Peter and St. Andrew (purchased for $250,000 through Lord Duveen four years ago from the Clarence Mackay collection) was perhaps his best-loved "child...
...church leaders heard speeches and reports last week, of which the most outspoken was the report of the Committee on the State of the Church, headed by President John Alexander Mackay of Princeton Theological Seminary. Critical of present-day church life ("smug and complacent"), the report said: "The churches as we know them are at a great disadvantage in the new spiritual conflict that begins to loom before us. . . ." Of current preaching: "Multitudes who are aware of moral weakness and realize their sinful enmeshment in situations they cannot change are being goaded to despair by moralistic sermons...