Word: talbot
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Died. Charles Talbot Aldrich, 74. treasurer of Aldrich Bros. Co. (textiles), donor with his brother Henry (see below) of $1,100,000 to Brown University and Rhode Island Hospital; after long illness; in Providence...
...California's outstanding citizens," was what San Francisco's Mayor James Rolph Jr. called James A. Talbot of Richfield Oil Co. in 1928. An outstanding act of Outstander Talbot had just been the offering of his private tri-motor airplane to Mayor Rolph and his visiting friend, Mayor James John Walker...
Last week Citizen Talbot went into his long-rumored bankruptcy. For one day it seemed that Mr. Talbot was merely a businessman whose strength had been weakened by overexpansion, who was left floundering in Depression's flood. But the next day California Corporation Commissioner Raymond Le Roy Haight made charges which, if true, will strip the last vestige of decency from the friend of Mayors. Also involved in the hideous charges last week was Clarence M. Fuller, onetime Richfield president, still solvent but jobless...
...developed, awaited definite figures on Richfield. Last week Commissioner Haight, after an eight-month investigation, revealed that Richfield has a $54,000,000 deficit. More sensational was his statement that there are "strong indications" that the records had been falsified. And even more sensational was his assertion that Outstander Talbot and the "brilliant" Mr. Fuller had used the company's money to pay their sons' expenses, to clothe and bejewel their wives, to keep their yachts in order, and to pay club dues...
...news was a shock to Californians, for Mr. Talbot was the Pacific Coast's big example of a boom-made man. Two decades ago he was clerking for Western Pipe and Steel Co., later was its president. He made smart deals, such as securing an option on Japanese steel under embargo during the War, selling to the Government when steel became scarce and the embargo was lifted. His drive and Mr. Fuller's flashy marketing and advertising ideas kept Richfield running its rapid expansion course. He was quiet in business, rewarded justly and reprimanded mercilessly...