Word: steeled
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Dates: during 1920-1929
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Chairman Charles Michael Schwab of the Bethlehem Steel Corp. is one Big Businessman who had not, until last week, made a political statement. When he spoke, Mr. Schwab had news. Said he: "I think more of my job than I do of politics. They wanted me to be Treasurer of the Republican campaign, but I turned it down...
...more money than any bank ever started with.* And it has Mr. Howell as its senior executive. Thirty years ago he was one of Carnegie's bright young men-with Charles Michael Schwab, Henry Clay Frick and others who became millionaires. Mr. Howell was head of the Carnegie Steel Co.'s credit department. Later he became a vice president of the National Bank of Commerce in Manhattan, and extended his personal financial work. Then came directorships with the Bankers' Trust Co., the Equitable Life Assurance Society...
...current and recurrent: 1) Each New Year's Eve, John Pierpont Morgan summons his partners to No. 23 .Wall St., distributes gigantic checks as rewards for the year's work; 2) President Coolidge is kept busy answering appeals that he accept the chairmanship of the U. S. Steel Corp.; 3) Mrs. Frank O. Lowden, the onetime Miss Florence Pullman and daughter of Founder George M. Pullman, names all Pullman cars. For this labor, which reputedly occupies one half-hour each day, she earns either $100 a day or $30,000 a year...
...president of the Toyo Muslin Co. (10,000 employes), of Bagnall & Hilles Co. Ltd. (distributor of General Electric Products in Japan), of the Tokyo Commercial Bank, of the Mitsubiki Company (importers of sugar, rubber, iron, steel), of a dozen lesser concerns...
...gift horse in the mouth. For the first time since June, a single day's trading passed the 4,000,000-share mark. The ticker once again fell behind, a full 25 minutes. Many stocks were pushed to new high levels for all time. Among them: U. S. Steel, Adams Express, International Nickel, American Express, Allis-Chalmers, Fleischmann, Victor Talking Machine, Loose-Wiles Biscuit, Commercial Investment Trust. Soaring, too, were Montgomery Ward, Chile Copper, Commonwealth Power, Anaconda, Coty Inc., Eaton Axle & Spring...