Word: roebuck
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...grown up" to its responsibilities for world leadership, and needs more intellectual cod-liver oil. Publisher Ascoli is prepared to invest in The Reporter $1,500,000 of his own fortune and that of his wife, Marion, daughter of Julius Rosenwald (Sears, Roebuck...
...technical schools, which for good or ill are indispensable to 20th Century life, as in "liberal" colleges whose curricula have been invaded by petty specializations of all sorts. Said one speaker: "The modern university catalogue, with courses in everything from prenatal care to funeral directing, looks like a Sears, Roebuck catalogue." Sir Richard Livingstone, president of Corpus Christi College, Oxford, summed up: "To know one's age, and nothing else, is useless. We must be able to criticize and judge it ... Otherwise we risk being captives of our own day and slaves to its attendant delusions...
...that the shakeout of inflated prices was spreading and that consumers had tightened up their spending. In addition to cuts in the price of whisky and Ford cars (see below), there were reductions in many basic products, such as lead, zinc, copper, tallow. In its new midseason catalogue, Sears, Roebuck listed many prices anywhere from 10% to 50% cheaper than in its January book...
...Sears, Roebuck & Co. was up with the parade. Sears slashed refrigerator prices 8%, trimmed automobile battery prices 15%, and reduced overalls, blue jeans, dungarees...
Last week, Sears gave out the latest figures on employee ownership. Some 96,000 employees own 4,502,523 shares (19%) of Sears stock, all of it bought through the company's profit-sharing plan. Since 1916, when Sears, Roebuck first set up the plan, it has matched the workers' annual 5% contributions with a percentage of the company's profits. The company's payment for 1947 totaled $18,848,363. Total worth of stock and cash in the fund: $216.5 million...