Word: weekes
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Dates: during 1920-1929
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...Last week American Express announced it will form American Express Bank & Trust Co. with $10,000,000 capital. Although the new bank will be incorporated in New York, each American Express office will amount to a correspondent, and, should branch banking laws be repealed, could quickly become a branch. In this way Chase may some day have a nation-wide banking system without buying out-of-town banks or forming new ones...
Even more profitable than advertising space bought in newspapers is publicity slipped into news columns. From the Association of American Soap & Glycerine Producers, meeting in Chicago last week, went press despatches telling that three billion pounds of soap are used annually in the U. S., that "two or three times a week is the bath average where tubs are installed...
Before a railroad may build a new line, it must make application to its stern guardian, the Interstate Commerce Commission. The Commission may or may not look favorably on the petition of its ward. Last week for the first time the I.C.C., without waiting to be asked by a railroad, commanded the Union Pacific to build 185 miles of new line. This assumption that the Commission has positive as well as negative, executive as well as judicial power over the railroads of the land will probably be bitterly contested by the railroads...
Famed as leader of "calendar reform" is George Eastman. Last week to his side came Julius Rosenwald's Sears, Roebuck & Co. which announced it will operate next year on a 13-month schedule. To its customers, the introduction of some new month such as "Sol" will mean nothing, but 40,000 employes will have to consult their company's new calendar to learn when payday falls...
...Last week Herr Bosch practically reversed the court's settlement, not by any legal action but by an agreement with his U. S. rivals. Closely did this follow rumors that German Bosch had been buying stock in U. S. Bosch. Terms of the plan (which will last 49 years) are that in the U. S., its dependencies, Canada. Mexico and Cuba, American Bosch Magneto Co. can use on all its products the magic name Bosch and the German interests must use the full title, Robert Bosch, while in other parts of the world the German's will...