Word: owners
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Dates: during 1920-1929
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Rowland Hussey Macy, Nantucket Quaker, Gold Rush Forty-Niner, whaling captain and grocery store owner, founded Macy's in 1858. The original Macy store (14th St. and Sixth Avenue) embodied present Macy policies of a cash business and "odd" prices (9¢ and 18¢ rather than 10¢ and 20¢). In 1874 Lazarus Straus, who had come to the U. S. as a refugee after the German revolution of 1848, leased part of Macy's basement and opened a crockery store. Captain Macy died in 1877, and until 1888 junior partners carried on the business. In 1888 control passed to Nathan...
Last week, however, the D. T. & I. flowers drooped slightly and the employes were somewhat perturbed. The big-lettered F O R D on D. T. & I. bridges was destined soon to disappear. Henry Ford, owner of the D. T. & I. had sold his property to an unannounced purchaser. Agent in the transaction was the firm of Charles D. Barney & Co., Manhattan brokers. Probable real purchaser was Pennroad Corp., Pennsylvania Railroad holding company. Whoever the new buyer, the Detroit, Toledo & Ironton's Ole Massa had certainly sold it down the river...
...railroad men generally decided that the Ford transportation genius was confined to rubber-tired vehicles only. For the D. T. & I. staggered its 343 miles from Detroit and Toledo to Ironton, Ohio, in hopeless and continued depression. It made no money and showed no signs of ever making money. Owner Ford made it pay. He electrified 263 miles of it. He raised salaries that were accustomed to being reduced. He speeded up the freight service (passenger traffic has never been an important D. T. Item). He shared stock with employes and excused them, as far as possible, from working...
...While Owner Ford was profitably retiring from his excursion into railroad circles, those circles were profoundly agitated by the probability that the Pennsylvania was behind the D. T. & I. purchase. Reasonable seemed this conclusion. Last month was purchased Canton, Baltimore's bustling freight and industrial suburb, by a similarly unnamed principal which later proved to be the Pennsylvania (TIME, June 24). Furthermore, the Detroit, Toledo & Ironton was one of the roads included in the Baltimore & Ohio's plan for a greater and longer B. & O. (TIME, March 4). Just as the Canton purchase was virtually a slice carved...
...Kentucky Derby, and of this year's Coronation stakes in England, ran eagerly and fast but only came in second in England's great and fashionable Ascot Derby. The winner by two lengths was Invershin, a powerful seven-year-old owned by British Sportsman Reid Walker. Owner Walker, not as surprised as he might have 'been, because Invershin won the same race last year, purred as he was given the winner's glinting gold cup: "I am more than delighted for the horse rather than myself. He's such a gallant fellow and has such...