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...through their investments. The Bishop of Springfield, Mass. was listed as an unsecured creditor for $460,000, and as the maker of notes for $735,000. Denis Cardinal Dougherty, Philadelphia's archbishop, was listed for $25,000. Other creditors included the bishops of Scranton, Harrisburg, Trenton, and Actor Hal Skelly. The diocese of Buffalo, first to bring suit, breathed easier to find it would recover all its $30,000 in bonds...

Author: /time Magazine | Title: Religion: O'Connell Crash | 11/7/1932 | See Source »

...Henry Clay, La Meridiana, La Vencedora, La Carolina) turned out by companies affiliated with American Tobacco Co. Cause of this was not competition of cheaper brands, including American Tobacco's 5? Cremo ("Spit is a horrid word!"), but economies made possible by moving the factories from Havana to Trenton, N. J. Although the Spanish-style factory at Trenton will not be completed for a month, 500 employes have been working in a temporary one, learning the business...

Author: /time Magazine | Title: Business: Cheaper Coronas | 9/26/1932 | See Source »

Biggest economy effected by the move is in duties. The company had much trouble with labor unions in Havana, could not speed production, teach new methods. In Trenton, while the wrapping will be done by hand, automatic Cellophane wrappers will handle 1,000 cigars for 90? against the $4 manual cost in Cuba. The ancient custom of each operator taking six cigars a day gratis will be abandoned and Trenton's girlworkers will hear a piano instead of the "reader" who entertains all Cuban cigarmakers with stories and political discussions, often...

Author: /time Magazine | Title: Business: Cheaper Coronas | 9/26/1932 | See Source »

...output of the Trenton companies is controlled by American Cigar Co., subsidiary of American Tobacco. President of American Cigar is Albert Hayes Gregg who has been in the cigar business over 30 years. He lives in Montclair, N. J., drives his car to Manhattan daily, never carries cigars or cigarets. But the drawers of his desk are filled with both. His favorite cigar is a Corona Coronas and, like every other employe of the big cigaret companies, he smokes his firm's leading brand...

Author: /time Magazine | Title: Business: Cheaper Coronas | 9/26/1932 | See Source »

...Habana y Trenton. American Cigar Co., now a subsidiary of American To bacco Co., last week was jumping the U. S. tariff wall. The duty on finished cigars is greater than that on raw tobacco, so certain of American Cigar's factories are being moved to Trenton, N. J., where it is expected that better labor conditions will also lower production costs. The raw tobacco will be cured, processed, stripped, blended and rolled in Havana, then shipped to Trenton under bond. Factories being moved include Havana Cigar & Tobacco Factories, Ltd., H. de Cabanas y Carbajal and others, all controlled...

Author: /time Magazine | Title: Business & Finance: Deals & Developments | 7/18/1932 | See Source »

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