Word: wedgwood
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...Russia surrenders, I doubt whether our resolution to hold out would endure for long," said Colonel Josiah Wedgwood, Labor M. P., in the House of Commons last week...
...Colonel Wedgwood's career shows some of the extraordinary vesatility of his distinguished ancestor, and it would be correct, as a result, to refer to him as a naval architect, a gallant army officer, an able historian, a tax expert, or a skillful parliamentarian, but not "merchant" and not "potter...
...refer [TIME, July 28] to Colonel Josiah Wedgwood as a "china merchant" and "potter." In point of fact Colonel Wedgwood has never been actively connected with the family business. The reason is that the three brothers who owned the business between 1870 and 1890 drew up a partnership agreement which allowed each one to introduce only one son into the firm. Colonel Wedgwood's eldest brother was chosen for the honor, and the two younger sons were automatically excluded...
Incidentally, there is something wrong about your statement that 90% the Wedgwood sales go to the U.S., Canada and the West Indies. I have not seen recent figures, but even in the lush '20s, when this country was absorbing a great deal of Wedgwood ware, the proportion never came anywhere near 90% of the total sales...
...Professor Hower quarrel with "potter" but not with TIME'S figures, supplied by New York headquarters of Wedgwood itself. Since war, Wedgwood's normal 55% North American sales have jumped to 90% due to the British luxury tax (33%$>)> loss of Continental and Empire markets...