Word: ralston
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From the floor, several stockholders rose to ask for more detailed explanations. "What happened to your vision, Mr. Yates?" cried one. Asked another: Why had Yates's wife, Actress Vera Ralston, been put in starring roles in flop after Republic flop? Why, with the company wobbling, did the president ask for and get a salary of $150,000 this year...
...Raymond Edgar Rowland, 53, was elected president of Ralston Purina Co., succeeding Donald Danforth, who remains board chairman and chief executive officer of the world's largest feed manufacturer (annual sales: $400 million). Born in Illinois, educated at the University of Wisconsin, Rowland is the first nonmember of the Danforth family to head the firm in its 62 years. He joined Ralston as a salesman in 1926, by 1940 was special assistant to the production vice president, three years later himself became production vice president. Retiring President Danforth, son of the company founder, told employees that addition...
Died. Mary Herndon Ralston, 99, last survivor of nine children born to William Henry Herndon, Abraham Lincoln's longtime (21 years) law partner and biographer (Life of Lincoln); in Springfield, Ill. The Lincoln Herndon knew was an odd, thoughtful man ("the loveliest since Christ"), whose wife's temper was a town scandal and who brought his children to the law office where they "bent the points of all the pens, overturned inkstands, threw the pencils into the spittoon...
Brock Stokes played a steady game at three, downing Ben Day, 3 and 1. Behind Stokes, Alan Steinert, a sophomore who started the season at seven, dropped a tough match to Dave Ralston on the final hole...
Died. William H. Danforth, 85, founder (1893) and board chairman of Ralston Purina Co., philanthropist ($100,000 in 1954 to further the spiritual growth of Vassar students), author (Dare You); of a heart attack as he awaited the arrival of carol singers from the National Christmas Carols Association, which he founded in 1911; in St. Louis...