Word: pontes
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Dates: during 1930-1939
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Last week this old piece of political linen went out on the public line when large Pierre du Pont and small John Raskob trudged into Manhattan's Old Postoffice Building for hearings-Mr. du Pont's to come first-before the Board of Tax Appeals. Both readily admitted that their deal had been solely for tax purposes, but contended that the sales had been strictly bona fide, with each man repurchasing his stock at the market. It was up to the Government to prove that they had broken the law against an "agreement, plan or understanding to repurchase...
...world's largest motormaker last week in Wilmington, Del. there were not enough chairs to go round. It was not that General Motors' 342,384 stockholders had turned out to rule their company, but that in the room, on the seventh floor of the Du Pont Building, there were but 20 chairs at meeting time. Presiding was heavyset, florid John Thomas Smith, GM vice president and general counsel. Absent were President Alfred Pritchard Sloan Jr. and 30 other directors...
...decrease from the $52,464,000 earned during the same period last year. Net sales were substantially equaled: $336,850,000 in 1937 as compared with $341,306,000. At week's end, GM directors met in Manhattan, elected President Sloan their chairman, vice Lammot du Pont, retired. President Sloan's old job fell to General Manager William S. Knudsen...
...Pont flies are fed milk and bread. Their eggs are hatched in a "synthetic manure" of wheat bran, alfalfa meal, yeast and malt. Codling moths, scourge of apple growers, have a room to themselves, with long rows of little green apples, each hanging from its own hook. These insects are caught by nailing corrugated paper board to apple trees. The moth larvae think this material is bark, dig in. Their cages are hung with purple cellophane to simulate twilight. In the greenhouse basement is the Japanese beetle division. This handsome insect, whose U. S. infestation is spreading from a focus...
...crusty old Frederick Henry Prince, chairman of Armour & Co. and onetime president of the Van Sweringens' Pere Marquette Ry., at the head of a propositioning group which had withdrawn from the race. Other "overnight selections": a Manhattan syndicate represented by Brokers Young, Kolbe & Co.; a General Motors-Du Pont combine...