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Divorced. Franklin Delano Roosevelt Jr., 34, third son of the late President, newly elected Representative from Manhattan's 20th Congressional District (see NATIONAL AFFAIRS); by Ethel du Pont Roosevelt, 33, socialite heiress to a Du Pont chemical fortune; after almost twelve years of marriage, two children; in Minden...
...this ratio there were two previous peaks-in 1938 and 1948-as high as last week's. The 1938 bearish peak came just before the market shot up 52 points; the 1948 peak came during a 30-point rise. This moved Wall Street's Francis I. du Pont & Co. to observe last week that the new bearish peak merely means that "Johnny Come Lately is on the bear side [and] it has not paid big dividends to follow him in the past...
When members of the potent Du Pont family began buying into Butler Bros, two years ago, many a Wall Streeter thought "smart money" had moved in, and jumped aboard. They liked it even better when the smart money brought in a smart new president, handsome, hustling G. Robert Herberger (TIME, Aug.11, 1947), a onetime clerk in St. Cloud, Minn. (pop. 25,000) who had made a big name in retailing...
Dave started out at Du Pont's Wilmington, Del. headquarters as "special assistant to the medical department." Whenever Dr. Gehrmann encountered an alcoholic, he put Dave and A.A. to work. In 65% of the cases, they succeeded. Today a third of the members of A.A.'s Wilmington chapter are Du Pont employees...
Said Dr. Gehrmann: "There are now A.A. units-some of them, to be sure, started independently of Du Pont-in 52 places where there are Du Pont plants or offices . . . Furthermore, A.A. has rehabilitated the wives of some of our important people...