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Like many another inventor, Otto Zachow had no head for finance. He and his brother-in-law, William Besserdich, unable to get their machine into production, interested a husky young lawyer named Walter Alfred Olen. Walt Olen set out to raise $250,000. In 1910 the present company was incorporated, with him as president, and Otto Zachow received a block of stock. About 1914 Zachow and Besserdich sold out for $25,000. That was a mistake, for General Pershing had found several F.W.D. trucks useful while chasing "Pancho" Villa across Mexico. When War broke in Europe, the Allies began buying...

Author: /time Magazine | Title: Business & Finance: The Drive | 2/28/1938 | See Source »

...Walt Disney's first feature-length animated cartoon is (1 Brother Roy, 2 Charlie McCarthy, 3 Snow White and the Seven Dwarfs, 4 Jack the Giant Killer, 5 Mary and Her Snow-White Lamb...

Author: /time Magazine | Title: Current Affairs Test, Feb. 21, 1938 | 2/21/1938 | See Source »

...refused to fight, and Author Leaf had written it in one afternoon. Ferdinand sold only 13,736 copies the first year. Then it really began to go. By last week it had sold 90,000 copies; Author Leaf and Illustrator Robert Lawson had made about $10,000 in royalties ; Walt Disney had purchased Ferdinand for a Silly Symphony; letters were pouring in accusing Ferdinand of Red, Fascist and pacifist propaganda. Last week Author Leaf announced that his next book would be called Listen, Little Girl: Before You Come To New York...

Author: /time Magazine | Title: Books: Children's Favorite | 2/7/1938 | See Source »

...When Walt Disney's Snow White and the Seven Dwarfs (TIME, Dec. 27) was released in Manhattan last fortnight, it loosed a hum of delighted praise, reduced even strong arm critics to little, childish cries. Scripps-Howard Columnist Westbrook Pegler wrote with tears in his eyes that Snow White was the happiest event since the Armistice. By last week, only rare exceptions to this consensus had been filed. The New York News humphed editorially: "Nevertheless, we'd rather see seven reels of Ginger Rogers, Jeanette MacDonald or several others. . . ." And last week the New Masses, following its Marxian...

Author: /time Magazine | Title: Cinema: Snow White v. Grumpies | 1/31/1938 | See Source »

When Actor-Author John P. Wade saw the Walt Disney cartoon, Mickey's Polo Team, he sued Disney for a share of the film's profits. Alleged plagiarism: that the gag of the horses riding the riders had been lifted from Author Wade's skit, The Trainer's Nightmare. In court, attorneys for Cartoonist Walt Disney identified the device as a variation on "the reversal gag," easily traced it to Aesop. Said Superior Court Judge Thomas C. Gould, dismissing the suit and plagiarizing Ecclesiastes: ". . . It appears there is nothing new under...

Author: /time Magazine | Title: Cinema: Aesop's Gag | 1/24/1938 | See Source »

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