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...Augustus Henry Ferdinand, Baron von Steuben. Von Steuben, experienced Prussian officer, became in 1778 Inspector General of the Continental Army. He drilled recruits, made soldiers. In 1781 he watched his soldiers defeat the British at Yorktown. Congress, grateful for his services, gave him a gold-hilted sword, $2,400-per-year pension. He died at Steubenville, N. Y., Nov. 28, 1794. Last week the U. S. Postoffice Department prepared to issue 50 million special 2? stamps commemorative of Von Steuben's birth: the German's head reproduced in the same pink color as the standard 2? (Washington-head...
...stock is to be offered to Hearst employes at $24 per share. The extent of the privilege to buy will be based upon salary; ranging from 10 shares for those earning up to $1,500 yearly, to a maximum of 2,000 shares for $50,000- (or more)-per-year men. The stock has par value of $25, to bear 7% yearly. Employes may pay for it at $1 per month, may not dispose of it without permission of the corporation. However, control of the voting stock will remain for the present in the hands of Publisher Hearst...
When President Hoover took Alexander Legge from his $100,000-per-year job as head of International Harvester Co. to make him the $12,000-per-year chairman of the brand new Federal Farm Board, Mr. Legge asked for and got the minimum appointment of one year (TIME, July 15). To Businessman Legge that seemed ample time to set up the $500,000,000 relief machinery authorized by Congress. The year passed. Chairman Legge found that "relieving agriculture" was not the simple direct thing he had anticipated. Husbandmen would not "cooperate" on mere orders from the Board. Commission men fought...
Senate Lobby Committee, now engaged in investigating lobbying for and against Prohibition. The Wet organization on the operating table was the Association against the Prohibition Amendment, represented by its $25,000-per-year President Henry Hastings Curran, onetime (1923-1926) Immigration Commissioner at the Port of New York, onetime (1921) Republican candidate for Mayor of New York City. As the Lobby Committee is four-to-one Dry, it inquired into all the Association's doings, until lobbying was almost forgotten. Sarcasm, sneers, low comedy, abusive epithets and verbal horseplay featured the Committee's august deliberations...
...found themselves face to face with the president of one of the largest corporations in the U. S. The Senators were lucky because they had the great industrialist before them as a witness in his own behalf. He had resigned (for as long as necessary) from the $100,000-per-year presidency of International Harvester Co. ($350,000,000) to accept President Hoover's appointment as $12,000-per-year chairman of the Federal Farm Board. The Senators had the power to question him closely in deciding whether he was fit for the job. It was the chance...