Word: steamship
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Washington Irving Moss, president of New Orleans' receivershipped Union Indemnity Co. (TIME, Jan. 16), resigned as board chairman of Standard Fruit & Steamship Co. Succeeded by his old associate, Felix P. Vaccaro, he will continue as a vice president "to devote myself whole heartedly to the ... company." Reason: "As president of Union Indemnity ... I have been subjected to some unfriendly criticism, which, no matter how unjustified, might reflect itself disadvantageously upon Standard Fruit...
...reporting the New Orleans bank crisis (TIME, Jan. 16), TIME also erred in stating that Standard Fruit & Steamship stock "was issued at $100 a share, promptly slumped to $10." Standard Fruit stock was issued in 1926 in $1,000 units consisting of ten shares of preferred, 20 of common. Last preferred dividend was paid in 1927. Although the units later rallied, they had touched $355 before...
...inalienable monthly stipend from the State, ride free on Soviet tramcars, busses, trains, steamers, airplanes. Russia's new State Prosecutor, plodding Comrade Andrei Vyshinsky, who has yet to make a really big mark, received last week the Order of the Red Banner, still has to pay railroad, steamship and airplane fare but not carfare...
Coblenz police authorities shrugged, suggested that striking employees of the French steamship company might have fired the shots...
...Zemurray-Cutter feud is 20 years old. Victor Cutter was opening new tropical divisions for United Fruit. Samuel Zemurray, Polish-Jewish immigrant who out of his savings as a fruit jobber in New Orleans had formed Cuyamel Fruit & Steamship Co., was trying to wrest control of the Caribbean Sea from United. They clashed in Guatemala when each backed a different country in the dispute, not yet settled, over the Guatemalan-Honduras boundary line. They clashed in Honduras when United invaded the country Mr. Zemurray had made his own through a $200,000 revolution. Mr. Cutter, smooth-haired Dartmouth graduate...