Word: signalization
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Dates: during 1930-1939
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...Pittsburgh family, he was not a conspicuous undergraduate except as a brilliant student. Even Professor Irving Fisher liked his original notions on business and economics. But Yaleman Garland's notions were far more original than Professor Fisher ever suspected. While still an undergraduate, Yaleman Garland heard about a signal device invented by a "Sheff" engineering professor named Henry A. Haugh. Now widely used, the device automatically changed the traffic lights at highway intersections when cars approached. Two years after graduation Garland organized Automatic Signal Corp., his old friend Professor Fisher putting up a "considerable sum" and becoming board chairman...
Before Automatic Signal had sold a single light, Yaleman Garland decided to give his heretical business theories a thorough workout. At a pen's stroke he wrote up the value of the patent to a flat $1,000,000. Then he transferred the patent to a new concern of his own, granting the original operating company a manufacturing license, carried on their books at $3,250,000. Affiliates, dummies, acceptance companies, holding companies, securities companies began to sprout like weeds. And the patent was given another boost, this time...
That was too heretical for even old Professor Fisher, who is a stanch advocate of the commodity ("rubber") dollar. To please his patron, Yaleman Garland revalued the patent at $5,000,000. Automatic Signal prospered modestly, is still a going concern. Still board chairman is spare, white-goateed Professor Irving Fisher. Yaleman Garland withdrew into the mysteries of his 30 new corporations...
When ears had been plugged with cotton, a signal was given--and some thousand students jolted in their beds. With their heads projecting inside the bass bell, the pair swinging the clapper have never been able to hear the tinkling syncopation of their rival bellman. Hence the regular bass booming is completely divorced from the higher pitched trills...
...usual hard Tuesday workout was varied only with the absence of signal drill. Heavy scrimmage work between team A and B together with recruits from the Jayvees putting on Princeton plays was the order...