Word: succession
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Dates: during 1930-1939
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...success formula is: one large dose of TIME, once a week...
Hearing and studying the Hammond, Western Union engineers decided that its tone generator was well suited for producing carrier currents of different electrical frequencies, tried it out with gratifying success. The currents are separated in pitch by 300 cycles. A generator adapted to Western Union's purposes costs about $1,000. By this technique the company sends telegrams from Manhattan to Chicago, Washington, Buffalo, Atlanta. Practical effect of the Hammond-type generator will be to reduce the number of wires necessary for intercity service, thus saving a sizable chunk of maintenance costs as the unnecessary wires are retired from...
...together. In 1931 Ellis and McKitterick emerged with working control of an inconspicuous 12-year-old firm named Philip Morris & Co., Ltd., Inc., with annual sales of about $3,000,000. Last week Rube and Mac were not alive to see it, but Philip Morris was the No. 1 success story of a depression year. It had increased its sales 45%, its profits from $3,573,000 in fiscal 1937 to $5,663,000 in fiscal 1938 (ending March 31). Nor was this all. Last week Alfred Lyon, spearhead of P.M.'s sales drive since President McKitterick died...
...Luckies, Chesterfields. But it was more than half the 5,300,000,000 of Old Gold. Presumably Lorillard Co. executives, who in 1926 had spent $15,000,000 to launch Old Gold, breathed easier with Mac's death. Much of the tobacco industry laid Philip Morris' tremendous success primarily to the personalities of Rube and Mac. That Philip Morris had other assets was presently demonstrated. New President Chalkley and First Vice President Lyon increased Philip Morris sales and profits by a full...
...Pierce Butler (no kin to Supreme Court Justice Pierce Butler). Their marriage started badly, and got worse. When Fanny refused to compromise with social conventions, Pierce agreed with his family, who thought he had married beneath him. When Fanny published her U. S. travel impressions, which made a scandalous success, her in-laws' opinion was echoed even...