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...Youngstown, round which muddy rivers pass, three figures are preeminent. Perhaps the truest steelman of them all is Eugene Gifford Grace, president of Bethlehem. Much as the late great Carnegie picked Charles M. Schwab to head Carnegie Steel, so Schwab chose Grace to be the star of Bethlehem. Tall, slender, faultlessly clothed, President Grace went to Lehigh University in Bethlehem, Pa., there captained the baseball team, there became acquainted with the long rows of mills that mark Steel Town. After graduating he became a crane operator at $1.80 a day (12 hours), started a rise that culminated (February...

Author: /time Magazine | Title: Business: War of Steel | 3/24/1930 | See Source »

...Accountant King told similar stories of his efforts to get at the facts of utility investment, only to be blocked by Secretary Bonner who called him "too meticu-lous." He openly charged Secretary Bonner with being more in sympathy with the power companies than with the law. Secretary Bonner, slender, gaunt-faced, grey-haired, denied all, insisted he was executing the water power act "with success." He told the Committee that his Commission had 418 license applications under consideration. He submitted a list of 19 power companies with $27,000,000 in their capital accounts which the Commission questioned...

Author: /time Magazine | Title: National Affairs: UTILITIES | 3/10/1930 | See Source »

After weeks of practice and preparations, which, in passing, provided glider licenses for both Charles Augustus Lindbergh and his wife, Anne, the combined Lindbergh and William Hawley Bowlus forces brought forth a record last week. At San Diego, Bowlus, in his slender, wide-winged, motorless plane soared into the wee hours of the morning for 9 hr. 5 min. He failed to break the German world's record of better than 14 hr., but established a new U. S. mark. Later he helped his famous friend into a brand new glider, saw him take off at La Jolla, watched...

Author: /time Magazine | Title: AERONAUTICS: New Records | 3/10/1930 | See Source »

...regularity, almost handsome. His expression is one of serene superiority. His soft snow-white hair stands out in the shadowy Senate chamber like a white plume. When he walks he strides. His suits are soft and grey, easy-fitting. While a Harvard post-graduate student (1900), he married short, slender Alfreda Mitchell of New London, Conn., who has borne him seven large sons-Woodbridge (28), Hiram, Alfred, Charles, Brewster, Mitchell, Jonathan (16). He likes to be photographed with them in a descending row. In Washington he lives in an apartment on upper 16th Street. His Connecticut home is on Prospect...

Author: /time Magazine | Title: Letters: Feb. 17, 1930 | 2/17/1930 | See Source »

...presidents do not usually conceive their companies' advertising campaigns, but no usual president is George Washington Hill of American Tobacco. The Reach for a Lucky idea came to him, he says, when he chanced to see a stout woman eating a sweet while next to her was a slender girl smoking a cigaret. During the height of the anti-sweet controversy he maintained that his campaign was really helping candy sales by focussing so many millions of minds on the subject of candy. Energetic, strong minded, Mr. Hill personally supervises many branches of his business, even to passing upon...

Author: /time Magazine | Title: Business & Finance: Curb on Advertising | 2/3/1930 | See Source »

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