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Steel, Copper, Rubber, Motors. Thus the greatest argument in U. S. business for the past year was settled. Many a potent industrialist is still against reductions, including President Walter Sherman Gifford of American Telephone & Telegraph who carries great weight on the U. S. Steel directorate. But with Steel taking the lead, other companies rushed to follow. Bethlehem Steel Corp. and Youngstown Sheet & Tube followed suit so precipitously as to suggest that they had settled the argument long ago, were merely awaiting a strong lead to follow. As more and more steel companies were added to the list, absences became conspicuous...

Author: /time Magazine | Title: Business & Finance: Oh Yes! | 10/5/1931 | See Source »

Among the first passengers off S. S. Olympic when she docked in Manhattan were white-mustached Clarence Hungerford Mackay, president of Postal Telegraph-Cable Co., and his bride, the former Anna Case of the Metropolitan Opera. They were among the last to leave the pier. Representatives of Mr. Mackay were at hand to expedite the clearance of the couple's 17 pieces of baggage. But customs officers insisted on closely inspecting every piece. Moreover, they questioned and requestioned the owners on the value of each item. Mr. Mackay was nearly speechless with astonishment and indignation. He would personally protest...

Author: /time Magazine | Title: People, Sep. 28, 1931 | 9/28/1931 | See Source »

Mexico, concluded their summer jobs with International Telephone & Telegraph Corp. in Manhattan. They said they had lived on Staten Island within their $100-a-month salaries, entertained themselves modestly with occasional visits to cinemas and trips to Coney Island (funpark) until their last month in town. Then a mishap befell them, upset their finances. "We went to a place with some girls," said Fernando, "and ordered wine. We didn't think that would cost much. But the waiter brought champagne, and after that the girls ordered more. The evening cost us $95. American bandits are worse than the American...

Author: /time Magazine | Title: People, Sep. 14, 1931 | 9/14/1931 | See Source »

...Chicago aspects. In Montreal 232 people were arrested. A man was killed in an argument in Sorel. Hooligans wrecked an anti-Houde newspaper office. Voting booths were raided, ballot boxes stolen. Municipal constables and provincial police arrested each other. Worried election officers imported phlegmatic Indians from up-country to telegraph the results...

Author: /time Magazine | Title: CANADA: Skyrocket Doused | 9/7/1931 | See Source »

...probable that, like the crew of the Walloping Windowblind. Commodore Aldrich will ever be compelled to dine on the bark of the Rug-Bug tree or to traffic with a Chinese junk. A member of 18 clubs and seven directorates, including the board of American Telephone & Telegraph Co., he can have contempt for the wildest blow on shore...

Author: /time Magazine | Title: Sport: Yachts & Yachtsmen | 8/31/1931 | See Source »

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