Word: rosenwalds
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Dates: during 1950-1959
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...bundle of unfilled orders into the stove. Another time he impulsively advertised a "swagger suit" which he had admired in a Chicago department-store ad. When 5,000 orders poured in, he frantically looked for someone to make it. The man who helped Sears fill the orders was Julius Rosenwald, a small clothing manufacturer, who soon became one of the company's big suppliers...
...Rosenwald came to the rescue again in 1895. The company was floundering and Alvah Roebuck, tired of the whirlwind, sold out to Sears for $25,000.* Rosenwald canceled some of Sears' debts to him and became a partner. He used his financial and merchandising talents to start putting Sears on its feet, and raised $40 million for expansion in a public stock issue. Then Rosenwald and Sears quarreled over Sears' selling methods. Rosenwald won out, and in 1908. Sears sold out his interest for $10 million to Goldman, Sachs, investment bankers. Sears retired and died six years later...
...Under Rosenwald's guidance, Sears, Roebuck became a less flamboyant but far more prosperous company. Rosenwald made it a rule that the advertising copy should accurately describe the merchandise, laid down rigid standards for suppliers, set up his own testing bureau and started factories to make goods he couldn't buy. By 1919 sales were up to $258 million...
...farce. He seems to have convinced the actors that the tongue is swifter than the ear, so that by misdirecting the audience with frenzied gestures, meanwhile speeding through lines, they might hide the fact that the dialogue makes no pretense at being funny. The women, including Barbara Poses, Patricia Rosenwald, and Marilyn Welch succeed better than the men, but it's hard to fool a whole audience for three acts...
...gifts, added to the magnificent earlier ones of Andrew Mellon, Joseph Widener, Chester Dale, Lessing Rosenwald and the Kress Foundation, make the National Gallery a giant...