Word: rackham
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Realization that the golden times may be over spurs educators to get their hands on what they can now. One rich prize for which many have been angling is the $30,000,000 Rackham Fund of Detroit. University of Michigan had the inside track because the late Horace H. Rackham directed his trustees to favor Michigan charity and education. Michigan was worried when the Rackham Trustees went outside the State to bestow $50,000 on the Warm Springs Foundation. But last week these same trustees dutifully endowed the home University with $5,000,000 to build up its graduate school...
Horace H. Rackham, a small Detroit lawyer, owed his entire fortune to one lucky step, taken when he was 45. From his front porch in 1903 he could hear a gasoline engine sputtering in the backyard of his neighbor, Henry Ford. Hesitantly Lawyer Rackham mortgaged his property, invested $5,000 in the new Ford Motor Co. In 1919, after receiving $4,000,000 in dividends, he sold out to Henry & Edsel Ford for $12,500,000. Taken aback by his fortune, Lawyer Rackham did his best to ignore it, living modestly, carrying on his practice, shunning publicity. His philanthropic career...
...John Grier Hibben, retired president of Princeton; of fractures of the skull and pelvis sustained in the automobile collision in which her husband was killed; in Manhattan, Ill since the accident occurred May 16, she developed pneumonia, was never told of her husband's death. Died. Horace H. Rackham, 74, Detroit attorney and charitarian; in Ann Arbor, Mich. Disregarding the advice of bankers, he mortgaged his real estate, borrowed $5,000, took 50 shares in the Ford Motor Co. in 1903. In 1919, Henry and Edsel Ford bought...
...RACKHAM (Arthur) The Allies' Fairy Book...
...HAUNTED HOUSE?Hilaire Belloc, illustrations by G. K. Chesterton ?Harpers ($2.50). Rackham, also known as Rackham Catchings, was a nice house for a murder. Part of it was built in the time of Queen Elizabeth. Various stucco wings added to its ugliness through the ages. Among other things, it contained "many a bad watercolour by ladies of the place, living and dead; a few portraits in the drawing-room, one of which, almost black, was reputed to be a Gainsborough." Rackham had come into the possession of Mrs. Hilda Maple, a widow with a business head. She filled...