Word: tobacco
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Dates: during 1920-1929
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Contrary to the general idea insisted upon by retail tobacco dealers, the American Tobacco Co. is not "by far the most potent of U. S. Tobacco manufacturers." It certainly is potent. For the year 1925 its net income was $22,238,596, net working capital $87,531,654, cash $19,194,515, inventory $66,897,803. Liggett & Myers is also potent. The same year its net income was $15,289,652, net working capital $98,545,146, cash $18,080,236, inventory...
...most potent is the R. J. Reynolds Tobacco Co. Recently its Chairman William N. Reynolds and President Bowman Gray looked over last year's balance sheet. There was satisfaction, for R. J. Reynolds during that twelvemonth earned net $25,221,579. On Dec. 31 their net working capital was $105,999,434, cash $8,024,866 and inventory $97,168,844. Their net income was the equivalent of $7.44 on $80,000,000 combined common and Class B common of $25 a share, better than their 1924 equivalent...
Died. Robert B. Dula, 77, one-time Vice President of the American Tobacco Co. (1903-11), long "right hand man" of the late famed tobacco tycoon, James B. Duke; in Manhattan...
...Maurice Low, suave Washington correspondent of the London Post (diehard Tory), suggested recently that the President's tobacco policy is different from any the Cabinet has seen this century. Roosevelt smoked not, nor did his Cabinet in Cabinet. Taft smoked not, but neither did he forbid it. Wilson also permitted smoking in Cabinet, although he did not indulge. Harding used cigarets (occasionally a pipe), passed cigarets to his ministers, but cigar smokers had to bring their own to Cabinet. Now President Coolidge likes domestic cigars. During the Cabinet sessions (Tuesdays and Fridays) there is on the long table...
Married. Miss Beatrice Swanson, actress, one of the Swanson Sisters," to Anders C. Osterman of the American Tobacco Co., at Manhattan...