Word: tycooning
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Dates: during 1930-1939
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Less shouted about than Los Angeles' famed Hollywood Bowl summer concerts are the regular winter programs of Los Angeles' 20-year-old Philharmonic Orchestra. Golden Age of the Los Angeles Philharmonic was between 1919 and 1933, when the late copper tycoon William Andrews Clark Jr. lost $250,000 a year on it. When the cornucopia stopped flowing at Clark's death five years ago, a group of conservative Los Angeles socialites managed to keep his orchestra alive, but gave it less lavish rations. Proud were they of getting as permanent conductor world-famed Otto Klemperer. While...
...industry right now is how to keep the operating rate (last week: 87.5%, this week 88.6%; buying by consumers took up about 70%) above 85% of nominal capacity without dangerously deferring repairs, cracking up expensive new machinery, running shaky old machinery into the ground. Even small marginal companies like Tycoon J. H. Hillman Jr.'s Pittsburgh Steel Co. were defying the rule of producing with 85% of capacity and rotating 15% under repair, were actually smelting ingots at better than 100% of nominal capacity. Bethlehem's battery of 30 old and new furnaces at Buffalo is now working...
...conservative Democrat, Banker Hanes is capable, hardworking, no pioneer. His family has not needed a pioneer since the late textile tycoon John W. Hanes Sr. piled up a fortune in the Hanes Hosiery Mills, invested most of it in R. J. Reynolds Tobacco Co. (Camels). From him Son Hanes inherited about half a million dollars. But neither he nor any of his brothers coasted on their inheritance. All of them have made careers for themselves. Most notable is John W., who made a bigger fortune than his father, is now Under Secretary of the U. S. Treasury. Dr. Frederick...
...Bakersfield, Calif., Jacqueline Cochran, wife of Tycoon Floyd Bostwick Odium (Atlas Corp.), broke her own record for the loo-kilometer airplane course, set a new mark of 286,418 m. p. h. In Manhattan, Mrs. Hortense McQuarrie Odium, ex-wife of Tycoon Odium, celebrated her fifth year as smart president of smart Bonwit Teller's store...
Messmore Kendall, 67, wealthy Manhattan lawyer, real-estate tycoon, theatrical producer, president general of the stuffy Sons of the American Revolution, resigned his job as a Dobbs Ferry, N. Y. volunteer fireman, after 20 years in which he had attended only one fire, and that at his own house. Absentee fines cost him $150 to $200 a year, which were more useful to the fire department than his personal services. Said he: "When I was young and in my prime I was filled with civic pride. I joined the hook and ladder and they gave me the privilege of driving...