Word: manhattans
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Dates: during 1930-1939
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...Pulitzer Prize. Versatile, systematic, a prodigious worker (he sometimes kept three jobs going at once), he spent some of his time in Hollywood (which he hated), most of it around the New York theatre. This fall he was to have put on his first play under the banner of Manhattan's new, highly successful Playwrights company, was working on an adaptation of Van Doren's biography of Benjamin Franklin the morning he was killed. That morning also, Father-in-law Damrosch got word that Martin Wolfe, another daughter's divorced husband, had died from a fall July...
...shape and Colony Hosiery went into production. At first, without working capital to buy silk, Colony Hosiery took orders only on commission. After eight months in business it now buys its own silk, has advance orders for two years (mostly gathered by President Colony in frequent trips to Manhattan), is working two shifts a day and is paying back its RFC loan at $250 a month. Its weekly payroll is $1,500 and its wages range from $20 a week (for watchmen) to $40 (for skilled workers...
Most investment trusts buy securities that they expect to pay dividends and increase in price, and then wait for their hopes to come true. Manhattan's Phoenix Securities Corp., run by a group of hard-headed businessmen (its chairman, bald Wallace Groves, is under indictment in a mail fraud case not connected with Phoenix), favors another technique. It often looks up an anemic corporation, gives it a financial blood transfusion and an infusion of hardheaded management and takes its fee in the form of options on shares that prove valuable if the treatment is a success...
Three years ago Phoenix became interested in Loft, Inc., a $10,000,000 Manhattan candy-&-restaurant chain. It lent Loft some $600,000. It also dug into its strongbox for collateral on which Loft borrowed another $400,000 in bank loans, further backed up by Phoenix' endorsement. For such help in a crisis Phoenix got options on 300,000 shares of Loft at $1.50, on 200,000 shares additional at $2. But since Loft had lost money every year since 1934 this did not look like too promising an investment. Last year Loft stock got down...
Russian-born Director Lewis Milestone, a job at $1,750. Today Myron Selznick & Co. (listed under both M and S in the Manhattan Telephone Directory as a concession to unsophisticated clients) represents some 200 performers and directors who include most of Hollywood's big names. For getting their jobs, boosting their salaries and performing a variety of other services from straightening out their household accounts to watching their income taxes, Agent Selznick collects a straight 10% of their earnings, binds them to five-year contracts. In Hollywood round numbers, the Selznick clients' payroll is annually...