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...directors are Junius Spencer Morgan Jr. and Walter Sherman Gifford. Junius Spencer Morgan Jr. is named for his great-grandfather, the Junius Spencer Morgan who in 1854 left the Boston dry goods field to become a partner in the London bank of George Peabody & Co. It was this Junius Spencer Morgan (not John Pierpont Morgan I) who originated the famed remark that "Any one who sells a bear on the United States will go broke." The present Junius Spencer Morgan Jr. was graduated from Harvard in 1914, is a Morgan partner, a director of General Motors, grandson of the late...

Author: /time Magazine | Title: Business & Finance: England's Steel, Morgan's Steel | 12/31/1928 | See Source »

...Morgan Partner, no banker, is Walter Sherman Gifford, president of American Telephone & Telegraph, now U. S. Steel Director. Mr. Gifford began his commercial career clerking for the Western Electric Co. at $10 weekly. It is said that he had intended to send the letter of application which got him the job to the General Electric Co., confused the two Electrics, thus accidentally landed with the Western. His work attracted the attention of Theodore N. Vail, who made him chief statistician. By 1915 he was Vice President; in 1917, as head of the Council of National Defense, he directed the purchase...

Author: /time Magazine | Title: Business & Finance: England's Steel, Morgan's Steel | 12/31/1928 | See Source »

Chicago businessmen who attended their Executives Club luncheon at the Hotel Sherman last week expected their scientific guest to give them a bland, postprandial lecture on science's present accomplishments. He gave them instead a disturbing intimation of horrible death-by describing the effects of the gas cacodyl isocyanide...

Author: /time Magazine | Title: Science: Mares' Nest | 12/24/1928 | See Source »

...most to make that building famed. Operating on a large scale from 1890 to his retirement in 1910, Mr. Patten is credited with being the only man who ever established corners in all four of the major markets-wheat, corn, oats and cotton. Though prosecuted under the Sherman Law for acting "in restraint of trade" Mr. Patten always denied that he was a "speculator," maintaining that his ability to forecast grain prices resulted from his thorough knowledge of crop conditions...

Author: /time Magazine | Title: Business & Finance: Index: Dec. 17, 1928 | 12/17/1928 | See Source »

...vice, your timely expose of the Taft letter, which to many of your readers was unknown, was I am sure, very much like the discovery of a letter written by Abraham Lincoln in 1857 applauding the Dred Scott decision; or Theodore Roosevelt's posthumous missive condemning the Sherman Anti-Trust law; or a communication of William McKinley condoning the destruction of the Maine...

Author: /time Magazine | Title: Taft Letter | 11/5/1928 | See Source »

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