Word: penneyer
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Dates: during 1940-1949
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...Precipitron came out of "a successful failure" in research, and a hopeful house-cleaning experiment in Pittsburgh. Some six years ago a young research engineer, Gaylord W. Penney (now manager of the electrophysics laboratories), sought a conclusion to German experiments with ionized air, found a clue to cleaner air. With a wire, a couple of aluminum plates and a burning oily rag, he rigged his first crude electrostatic dirt trap. The modern unit is as simple in principle: air entering it travels over fine tungsten wires carrying 12,000 volts which impart a positive charge to passing particles of dust...
...Penney Farms...
Soon many of Detroit's 400,000 school kids were running about with defense-stamp albums. Next the large chain stores-A. & P., Kroger, Woolworth, Penney, etc.-hung out red, white & blue signs, began selling stamps like cigarets. The Cunningham Drug chain spent $1,600 on newspaper ads, nearly burst with patriotism when daily bond sales in its 125 Michigan stores hit $750. Kroger's eight Lansing stores rang up $80 daily. Last week 12,500 Michigan stores were selling bonds; by mid-September there...
Finding him "grossly negligent in the performance of his duties as a director," Judge John Clark Knox ruled in Manhattan Federal Court that pious, stockbreeding Chain-Storeman James Cash Penney, as chairman (and only non-dummy director) of Miami's defunct City National Bank, must pay for losses sustained by depositors and stockholders when the bank flopped in 1930. Likely sum due depositors (in addition to the 40% already paid them...
...country's 8,500,000 stockholders, extra and special dividends came almost too fast to count. Items: Allied Chemical, $2; American-Hawaiian Steamship, $1.75; Loew's Inc., $1; J. C. Penney, $2; U. S. Gypsum, $1. The New York Journal of Commerce estimated that they would bring the year's total to $3,565,000,000, up 13% from 1939, 27% from...