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Steel. Neat ingot after neat ingot will have come out of the U. S. steel mills. 48,000,000 times before the year has ended, predicted J. R. Nutt, president of the Union Trust Company of Cleveland, last week, in Trade Winds, his bank's magazine. Automobiles, building and railroad equipment and petroleum industry doings will cause the mills to produce 1,000,000 more ingots than were pressed in 1926, the record year...

Author: /time Magazine | Title: Business & Finance: Index: Sep. 24, 1928 | 9/24/1928 | See Source »

...hundred-million-dollar-corporation-director to take off his $175 coat for Republicanism. His theoretical boss is a young millionaire-philanthropist called "Jerry" Millbank (Eastern Treasurer). And the latter's boss is the white haired president of Cleveland's biggest bank, known to that city as "Joe" Nutt (National Treasurer). And etc. etc. etc. For Republicans, this has always been so. Years ago, that great Pittsburgh steelman, B. F. Jones, became chairman of the Republican National Committee, and it never entered his head to resign anything. So, today, the head of the Pennsylvania Railroad and dozens of equally...

Author: /time Magazine | Title: National Affairs: Tycoons | 8/20/1928 | See Source »

Concerning G. 0. P. contributions, Treasurer Nutt also made this curious statement: "Another question concerns where it comes from. I feel sure that Chairman Hubert Work will not accept any improper vouchers. . . . No subscription has been requested or accepted where any reasonable question could be rightfully raised as to the donor or the amount of the subscription...

Author: /time Magazine | Title: National Affairs: Money Votes | 7/30/1928 | See Source »

...Nutt plan for raising perhaps $4,000,000 was not elaborate. Mr. Nutt outlined it as follows...

Author: /time Magazine | Title: National Affairs: Money Votes | 7/30/1928 | See Source »

Headquarters for (a) were to be in Chicago. Headquarters for (b) were Mr. Nutt himself, at the Union Trust Co., Cleveland. To assist him in the East, Mr. Nutt picked out a Manhattanite, Jeremiah Milbank, mild-mannered Yale graduate ('09), careful investor of a multi-million patrimony; clubman, generous donor to philanthropies (especially for cripples); director of such concerns as the Southern Railway, Metropolitan Life, Chase National Bank, Corn Products; board chairman of Case, Pomeroy & Co. Like Banker Nutt and the Democracy's Raskob, Mr. Milbank is new-to politics but widely acquainted, keen to learn...

Author: /time Magazine | Title: National Affairs: Money Votes | 7/30/1928 | See Source »

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