Word: rosenwald
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...Harold Rosenwald...
...editorial page). David Lawrence, newspaper correspondent, is its publisher. All its news is indexed prominently. The list of "founders" includes: Owen D. Young, Mrs. Medill McCormick, Otto H. Kahn, Edward W. Bok, Robert Lansing, Albert Lasker, John W. Weeks, Bernard M. Baruch, James W. Gerard, E. T. Meredith, Julius Rosenwald, C. Bascom Slemp, Mary Roberts Rinehart, E. M. House, Clarence H. Mackay and John W. Davis...
...fortnight after he had so graciously propped up his company, Mr. Rosenwald won a prize in a newspaper contest, a prize of $5 for submitting the day's best motto: "I would rather be a beggar and spend my money like a king, than be a king and spend my money like a beggar," a phrase from Robert Ingersoll, robustious iconoclast...
Last week Mr. Rosenwald exercised his option; bought the 50,000 shares of stock back at par. They cost him 5 millions where, in open market, they would have cost 12 millions. Thus he makes a paper profit of some 7 millions, a profit which he might not have made had he not "given away" his stock...
...beggar not at all, Mr. Rosenwald yet gives regally, in million dollar gestures, usually with a stipulation that the recipient secure some complement no matter how small. Some gifts: to 13 Negro Y. M. C. A.'s and 2 Y. W. C. A.'s in 13 cities having a Negro population of about a million, $2,750,000; to the University of Chicago and other institutions, $700,000; to the establishment of a University of Chicago Medical School, $500,000; to the Wilmer (Eye) Institute Fund of Johns Hopkins University, $50,000; to the creating of "neat...