Word: puts
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Dates: during 1920-1929
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Candidates. In the presidential race the Grand Revolutionary Party of President Emilio Portes Gil is running scarfaced, jut-lipped Pascual Ortiz Rubio, one-time Ambassador to Brazil, a party regular picked by Mexico's most potent political boss, General Plutarco Elias Calles who put down the revolution of last spring (TIME, March 4 to June 3) and is now being overhauled by doctors at Paris...
...fall included himself, the W. B. Foshay Co. (holding company for public utilities, commercial and industrial enterprises), the Public Utilities Consolidated Corp. (subsidiary operating utilities), the Foshay Building Corp. (real estate). The value of the three companies was estimated at $20,000,000. But their liabilities last week were put at $12,500,000 and they went into the hands of a receiver (Minneapolis Merchant-Banker Joseph Chapman...
...Foshay, born in Ossining, N. Y., started out to be an artist. But his father's business failure put an end to his art courses at Columbia University.* For four years he worked with the New York Central Railroad Co., later he joined Electric Bond & Share Co. His career, however, did not start until the day he walked into Minneapolis, independent, 36, with little money but a shrewd knowledge and liking of public utilities. His plan: to own and operate public utilities. His method of finance: selling Foshay securities to the public. Within one year he owned public utilities...
...nations with whom he does business. Because he is patient and urban, he is the Morgan diplomat. In more subtle ways, Mr. Lament can be described as a tangible person. Tell him a joke and he will laugh. Offer him an idea and he will develop it. Put him in the middle of a problem and he will begin to solve it. The doors of his mind swing easily ajar. That is why he left Exeter (1888) and Harvard (1892), to become a good reporter (and later, a good copy reader) on the New York Tribune...
Things Done. In 1925 Daniel Guggenheim gave New York University $500,000 to create a school of aeronautics. Then he gave $2,500,000 to start the Fund, making his son president. Anyone with an intelligent idea about flying has had opportunity to put his thought before the younger Guggenheim. Massachusetts Institute of Technology, Leland Stanford University, California Institute of Technology, the University of Michigan, the University of Washington received between them almost $1,200,000 for schools of aeronautics. The Fund helped publicize the Lindbergh, Chamberlin and Byrd flights to Europe, gave U. S. aviation the impetus it needed...