Word: sickest
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...office high above Manhattan's Fifth Avenue, President Paul Smith of Crowell-Collier Publishing Co. last week summoned Roger Dakin, editor for the past three years of the company's most important, and sickest, magazine, Collier's. Smith had bad news for Dakin: he was fired. The same afternoon, Dakin was out of the office and his $25,000-a-year job. But the parting was amiable enough. "Roger just didn't seem to get my message," said President Smith. "If I knew exactly what Paul's message was," answered Dakin, "I guess...
...textile industry, one of the oldest in the U.S., is also one of the sickest. For many a company the depression started three years ago-and it has got steadily worse. As a result, a great wave of mergers is sweeping through the industry, bringing a realignment of some of the oldest textile mills. Burlington Mills spent $33 million to buy Pacific Mills and Goodall-Sanford (TIME, July 26). M. Lowenstein & Sons bought control of famed old Wamsutta Mills. Mergers are now pending between Botany Mills and Daroff & Sons, and between Textron Inc., American Woolen and Robbins Mills. The mergers...
...road had something more substantial than an anniversary to celebrate. The Milwaukee Road, long one of the nation's sickest, was looking healthy again. It had suffered many ills Topheavy operating costs, plus the farm depression in the '20s, forced it into bankruptcy in 1925 in the midst of a U.S. boom. It went through two reorganizations, was pulled out of the second by the boom of World War II. In 1945 a Chicago federal court turned over the Milwaukee for a five-year period to five voting trustees, headed...
Captain Eddie. His love affair with Eastern Air Lines began in 1935. He was delighted when G.M. chose him to run it -it was one of the sickest limbs of a sick industry, but its territory was dotted with cities, from New York to Miami, and it was almost devoid of competition. When G.M. decided to sell it, three years later, he rounded up $3.5 million in 30 frantic days, and bought it with the triumphant air of a boy getting his first bicycle...
...into radio communication with newsmen on an accompanying destroyer. He made his report: the only activity aboard the Williamsburg occurred in a horrible nightmare he had had, in which oranges were rolling back & forth, back & forth on the deck of his cabin. Presidential Aide Harry Vaughan had been the sickest man, but there had been a general loss of faith in the seasickness pills offered by White House Physician Dr. Wallace Graham...