Word: tycoons
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Dates: during 1920-1929
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...Shrewd Englishmen of "The City"-London's "Wall Street"-weighed carefully what was said by Britain's chemical tycoon, Lord Melchett, upon his return last week from hobnobbing in U. S. tycoon-dom (TIME, Oct. 29). "American prosperity is based upon two factors. One is the large amount of money earned during the War at the expense of Europe, the effect of which was to enable America to remodel her old plants and build new factories. The other is the great productivity of the American workman, based partly on the greater use of mechanical power and partly...
...paradox of last week was that it was the Regency, hand picked by Jon Bratiano, which demanded that his brother, Prime Minister Vintila Bratiano resign on or before Dec. 1, 1928. Naturally the insulted Tycoon resigned next morning, after an all night session of his Cabinet. The most ominous feature of the situation is that Vintila Bratiano has been for many years Finance Minister and has conducted single handed the negotiations with international financiers for a $250,000,000 loan to Rumania-a project now complete in all its details and on the very verge of consummation...
...Regency apparently acted in the belief that Peasant Leader Juliu Maniu, who staged gigantic mass demonstrations last spring (TIME, March 26), might attempt a revolution or coup d'état capable of toppling down not only the Tycoon but the Throne. To forestall this the Regency proposed to call Peasant Maniu to the Prime Ministry. So cataclysmic were events in Rumania, last week, that any prediction seemed mere folly. The fact that international financiers will now almost certainly refuse to underwrite the vitally needed National Loan, unless the Regency recalls Vintila Bratiano to the Prime Ministry, seemed the chief...
...potent Cleveland Trust Co., onetime president of the Cleveland Aluminum Rolling Mills Co., Cleveland Foundry Co., financial tactician of the 1924 Y. M. C. A. drive for $3,000,000, ubiquitous figure in all Cleveland drives, onetime national treasurer of the Association, Y-Worker Ramsey qualifies also as a tycoon. Said many a lesser Y-worker: "His will be a business administration...
Died. Howard E. Wurlitzer, 57, band instrument tycoon of Cincinnati, son of the late Rudolph Wurlitzer, who founded the Wurlitzer Co.; of influenza; in Manhattan...