Word: reporter
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Dates: during 1930-1939
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Harvard undergraduates who were present brought back the report yesterday that the Eli students booed the decision for five minutes and it is noteworthy that the Yale boxing captain appologized to Olney for the decision after the meet...
...President Cunningham had not started to make some heroic adjustments in the affairs of his venerable company about ten years ago, he might have had no annual report to sign last week. Founded as a one-room store in Boston in the 1870's by the late Edward Burgess ("E. B.") Butler and his two brothers, the company was a mail-order wholesale house for nearly half a century. Indeed, the company claims it issued the first mail-order catalog in the U. S. As late as 1923 Butler Brothers was making more than $3,000,000 annually...
...priced goods, which sell fast and easily. Butler's fellow Chicago wholesaler, Marshall Field & Co., stuck exclusively to quality, finally abandoned jobbing entirely (TIME, Dec. 9). Not until last week, however, was it known what a miserable failure Marshall Field's jobbing activities had actually been. In reporting 1935 profits of $199,000 for Marshall Field as a whole. Chairman James O. McKinsey revealed that the wholesale division had lost no less than $12,000,000 in the past five years. Butler's President Cunningham, in Florida last week for a quick vacation, must have...
During Depression Butler piled up deficits of $7,000,000. Trend of earnings was steadily down from the $3,363,000 reported in 1925 through a 1932 deficit of $2,084,000. That was in part the inspiration for President Cunningham's rejuvenation program, in part a result of the program itself, which was costly. And the program was hardly launched before Butler had to adjust itself to a Depression sales drop from $63,000,000 yearly to a low of $46,000,000. In his 1930 report President Cunningham dolefully observed : "Everything conspired to make it the most...
...Into the history and methods of U. S. investment trusts the Securities & Exchange Commission is now probing deeply. On the basis of its report, investment trusts may be brought under strict Federal supervision, perhaps on the ground that they are quasi-fiduciary institutions...