Word: reverted
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...weeks ago there were three important evening papers in Brooklyn,* two of them published by outsiders?Frank Ernest Gannett's Eagle, Paul Block's Standard Union. Last week there were two, both home-owned. Chain-Publisher Gannett a month ago had let the revered Eagle revert to the Hesters and Gunnisons, oldtime Brooklyn families from whom he had bought it. Last week Chain-Publisher Block sold his Standard Union to the up-&-coming Brooklyn daily Times with which it was immediately consolidated. The Times's publisher is Fremont Carson ("Monty") Peck, 33, who inherited the paper from his father...
...Harvard does not appear in the will, which was a one paragraph document with its terms embodied in five lines. The fund was established under separate agreement whereby Mr. Robinson was to receive the interest from a $1,500,000 fund during his life, while the principle was to revert to the University upon his death...
Suprise and regret are expressed at the tendency of goods to revert to pre-war prices, but it is apparently only the natural reaction from abnormal war conditions. The price level rose rapidly during the war. Then followed an inflationary period when the credit of all nations was put to test and in most cases failed. During and after these times occurred an amazing attempt of the industrially advanced states to maintain exaggerated values in terms of money, upon the theory that prosperity depended upon high prices of finished products, securities, and land. At the same time improved processes...
...Manhattan banker and philanthropist who died last fortnight (TIME, June 15); an estate estimated at $100,000,000. Of this $1,000,000 goes to his son John Mortimer Schiff, $750,000 to his daughter Mrs. Dorothy Schiff Hall, $250,000 to her husband Richard Brown West Hall (to revert to the residuary estate should the Halls die childless). To philanthropic and educational institutions goes $1.001,000, of which $500,000 is for the Federation for the Support of Jewish Philanthropic Societies, $100,000 for the Boy Scouts of America (of which Banker Schiff was elected president three weeks before...
...Taylor of United States Steel Corp. has said that the entire matter now is "in the lap of the Gods." When he returns from Europe in June the fate of the U.S. wage scale will probably be known. If it is pressed downward, pessimists say that the nation will revert to the long gloom...