Word: moneyed
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Dates: during 1930-1939
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Backed by the money of Oilman Joseph Newton Pew, Publisher Patterson made over his entire magazine, high-pressured circulation from 1,000,000 to 1,350,000, advertising revenue from $300,000 to $1,150,000. All he lacked to be a huge success were the lucrative cosmetic, baby-food and home appliance ads, which instead of flocking to Farm Journal remained with The Farmer's Wife of St. Paul (circ. 1,170,000), only magazine written exclusively for farm women...
...Grandfather" was Albert Brisbane (1809-90), a dreamer and schemer of socialist Utopias who inherited all the money he ever needed. Tall, withy, high-strung Seward Brisbane is a lot like him. He quit Harvard after two years "because I couldn't get interested in sitting around drinking with other fellows who had money," later worked briefly and unhappily as a Mirror reporter, spent a year in France. Now he is studying at Manhattan's New School for Social Research, wants to get into politics "on the reforming side." Toward newspaper work he feels an "intense hostility." Reason...
...James Franklin Jarman was making $35,000 a year in Nashville's J. W. Carter Shoe Co., which belonged to his cousins. According to legend, 52-year-old Shoeman Jarman, a Baptist deacon, felt unchristian making so much money and also found the Carters, though good folk, not devout enough. One day he went alone to Franklin, a tiny town 18 miles south of Nashville, rented a hotel room. All day long, Bible in hand, he communed with the Almighty. When he emerged he was convinced that it was God's will that he form his own shoe...
...General Shoe s success story contains no compromise with Founder Jarman's original high principles. Nevertheless, James Franklin Jarman left an estate of $3,500,000 when he died last August. Two-thirds of his money went to the Jarman Foundation, whose objectives are aiding Bible institutes, Fundamentalist orphanages and missionaries. Management of the company went to his son, Walton Maxey Jarman, president for the past five years...
Quietly, persistently, depositors appeared at the bank's main office and five branches, demanded their money. In three days the bank dished out $2,179,280. N. J. Title Guarantee & Trust still had over a million in cash on hand, but it did not open for business again. With $21,500,000 in deposits still on its books, it was the biggest bank failure in five years. Reason: under Boss Frank Hague, Jersey City's tax rate on real estate is the highest in the U. S. and the bank's assets were frozen with...