Word: tycooning
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Died. Walter Herschel Beech, 59, aircraft tycoon; of a heart attack; in Wichita, Kans. After serving as an Army pilot in World War I, Beech barnstormed the country as a stunt and race pilot, in 1932 formed Beech Aircraft Corp., which specialized in small private craft, lost money until World War II, when he piled up a fortune making training planes and airplane parts for the U.S. Government...
...caricature of Dick Tracy), who is a dead shot and trigger-itchy, always end up perforated as neatly as so many slices of Swiss cheese. No true Abner fan (classified by Capp as a "slobbering" fan) can forget the magnificent moment when J. Roaringham Fatback, the hog tycoon, ordered Onnecessary Mountain tilted sideways with enormous jacks to keep its shadow from falling on his breakfast egg. The hovels of Dogpatch naturally sailed off into the abyss below...
Died. John Jacob Raskob, 71, tycoon, onetime (1928-32) chairman of the Democratic National Committee; at his home near Centerville, Md. A cigarmaker's son who started out as a stenographer, Raskob arranged the deals that brought E. I. du Pont money into General Motors, became chairman of G.M.'s finance committee and a multimillionaire. An ardent Wet, he plunged into politics in '28 on behalf of his good friend and fellow Catholic Al Smith (until then he was a nominal Republican), wangled fat contributions to the Democratic cause, organized the National Committee publicity bureau that helped...
Washington's National Gallery opened a long-awaited loan show this week: 40 paintings from the collection of Oil Tycoon Calouste Sarkis Gulbenkian. Publicity-hating Gulbenkian, one of the richest men in the world (TIME, June 16, 1947 et seq.), was not on hand for the festivities; at 84, the Near East genius spends most of his time in his adopted Lisbon...
...quite ended. Said Conservative Party Leader Churchill: "We shall, if we should obtain the responsibility and the power, in any future which is possible to foresee, repeal the existing Iron & Steel Act." Meanwhile, the government had appointed a board headed by Millionaire Socialist S.J.L. Hardie, a scrap-metal tycoon, to run Britain's nationalized steel industry...