Word: riter
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Dates: during 1950-1959
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National Association of Manufacturers President Henry G. Riter: If industry gives in to labor's demands for a guaranteed annual wage, even in principle, it could have seriously damaging effects on the American economy, perhaps leading to a socialistic state and controlled economy. And this means a socialistic or corporate state, such as England has experienced with such disastrous consequences. Evolution, rather than revolution, is what has made this country great...
...president, the N.A.M. picked Henry G. Riter III, 62, president of Thomas A. Edison Inc., of West Orange, N.J; A graduate of Philadelphia's Germantown Academy, Riter joined Wall Street's Dillon, Read & Co. in 1919, became a member of the firm in 1927, and left during the Depression to start Riter & Co. While doing some financial work for Edison, he became interested in expanding the company, which was formed to produce the famed inventor's products. In 1946 he persuaded former New Jersey Governor Charles Edison, son of the inventor, to offer the firm...