Word: remingtons
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Hardly an eyebrow lifted when in Manhattan last week a dust-filled, muscular, melodramatic painting was knocked down for that fancy price. The painting: A Dash for Timber, by Frederic Remington, No. 1 painter-illustrator of the old Wild West, fast friend of Teddy Roosevelt. Was $23,000 high...
...indictments, based mainly on Truman Committee findings, charged that the Norden company, ordered by the Navy Department to turn over bombsight plans to Remington Rand Inc., which was to build 8,500 "football units" (the main computing part), had blocked Remington Rand production by 1) withholding engineering advice; 2) furnishing incomplete and inaccurate specifications; 3) rejecting Remington Rand units in New York...
...boss for both plants, investigated and exonerated Norden. Then, the indictment charged, Corrigan persuaded Norden officials to hire his firm, with which he had supposedly severed all ties when he was commissioned. The fee: $104,000. As a result of Corrigan's recommendations, the Navy took over the Remington plant and turned it over to Norden...
...Down. For almost all corporations, big & small, cutbacks and contract cancellations were the barometer for profits. For example, Remington Arms Co., which pocketed $2,498,000 by mid-1943, this year estimated that its profits had melted to $704,000. Similarly, White Motor Co. slumped to $866,519 v. $1,814,454 in 1943. Even General Motors, biggest U.S. war producer, had shifts in production that knocked down its volume in the second quarter. Despite this, G.M. six-months earnings were $82,769,895 against last year...
Born in Burlington, Vermont, Fay graduated form Harvard at the age of 21. He went into business and became head of he Remington-Sholes typewriter manufacturing company, one of the pioneer companies in America to turn out these machines. He was also president of the Chicago utilities companies. Besides writing several volumes on business and finance, Fay was a music lover and an ardent patron of the Chicago Symphony Orchestra when it was directed by Theodore Thomas. The last few years of his life were spent in Cambridge as a resident of Harvard Faculty Club...