Word: n
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Dates: during 1920-1929
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Last week Habibullah Khan, ex-king of Afghanistan, né Bacha Sakao, the Water Boy bandit, was captured by victorious King Nadir, imprisoned in Kabul. Though Royal Nadir has on occasion fried Afghan generals in oil (TIME, Sept. 2), no such fate awaited Habibullah. He was taken out and humanely shot. Afghans attributed this softness to Nadir's years on the French Riviera...
...Foshay, born in Ossining, N. Y., started out to be an artist. But his father's business failure put an end to his art courses at Columbia University.* For four years he worked with the New York Central Railroad Co., later he joined Electric Bond & Share Co. His career, however, did not start until the day he walked into Minneapolis, independent, 36, with little money but a shrewd knowledge and liking of public utilities. His plan: to own and operate public utilities. His method of finance: selling Foshay securities to the public. Within one year he owned public utilities...
...public utility tycoon and opera promoter Samuel Insull announced that he would do the same thing. And so did Samuel W. Reyburn, president of Manhattan's department store Lord & Taylor. But the climax came when the wizened little man who lives in the fortressed home in Pocantico Hills, N. Y., said: "My son and I have for some days past been purchasing sound common stock." In memory of many a trader in Wall Street, John D. Rockefeller Sr. had never spoken of the market. Nor did he often speak on any subject...
Simmons Co. The Simmons Co. (beds) purchased (price unrevealed) the B. F. Huntley Furniture Co. (two factories in Winston-Salem, N. C., lumber factory and mill in South Carolina). Expressing confidence in U. S. prosperity President Zalmon Gilbert Simmons said: ". . . we believe that everybody will have to sleep just as much in 1930 as they...
Died. Dr. John Roach Straton, 54, fundamentalist Baptist preacher; in a sanitarium at Clifton Springs, N. Y.; of a heart attack...