Word: tycoons
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Dates: during 1940-1949
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...problem for many a U.S. tycoon is how to stop making money, what with taxes, the opprobrium attached to high earnings in wartime, and all. But when a tycoon has used extraordinary ingenuity for many years in devising ways & means to make the money roll in, he cannot easily or suddenly disengage himself from the golden flow...
Died. Edward Wentworth Beatty, K.C., 65, Canadian transportation tycoon; after a year's illness; in Montreal. Fresh out of law school, he joined Canadian Pacific Railway Co. in 1901, became its president in 1918, resigned a year ago. Under him Canadian Pacific operated the greatest privately owned track mileage (21,021) in North America, two-ocean fleets (the famed Empresses), a Great Lakes fleet, a string of luxury hotels (Chateau Frontenac), controlled Canada's second-largest mining company, held some 5,000,000 acres of land, ran its own cable and telegraph systems. A lifelong bachelor, Sir Edward...
Died. Frank Clayton Ball, 85, fruit-jar tycoon; in Muncie, Ind.* When the Mason jar patent expired in 1883, the Brothers Ball (Frank, Edmund, George, William and Lucius) turned from fish kits to glass preserving jars, acquired a virtual monopoly in manufacturing them, became one of the Midwest's wealthiest families. Aged Frank, who spent his summers in Leland, Mich., commuted to work by plane...
...Morgan who died last week was not of that breed. A tycoon by inheritance, he was not a buccaneer by nature. Born in 1867 at Irvington-on-Hudson, at the beginning of his father's career, "Jack" Morgan was brought up in a genteel tradition, educated at St. Paul's School and Harvard, served a turn in his father's expanding firm, in 1898 departed for London...
...Louis Mayer will probably work more for love than money the rest of this year. Unless Congress overrules the President's $25,000 salary limitation, his gross take cannot be much over $67,000. Based on his 1942 record, that amounts to about four weeks' work for Tycoon Mayer...