Word: wenner
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Dates: during 1930-1939
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...Manhattan, Rev. Dr. George Unangst Wenner celebrated the 66th anniversary of his ordination as a Lutheran pastor. White-bearded and slightly deaf at 90, Dr. Wenner is the oldest U. S. minister in point of service. In 1867, a Yale graduate and a Union Theological seminarian, he began preaching in a blacksmith shop on 14th Street. Soon he founded Christ Church on 19th Street on the far East Side. His congregation grew to 500, then dwindled with an influx of Jews and Italians. With 120 members, Christ Church today shares its building with an Italian congregation. Pastor Wenner preaches...
...talked with Mr. Sloan at the Refrigerator Show was Axel Leonard Wenner-Gren, since the death of Ivar Kreuger Sweden's No. 1 tycoon. Mr. Wenner-Gren was not discouraged by his failure to sell his Elektrolux (spelled with a c in U. S.) refrigerator to Mr. Sloan. Mr. Wrenner-Gren eventually got his asking price when he sold to Servel, Inc. the U. S., Canadian and Cuban rights. Through this deal he became Servel's largest stockholder and later a director. After a series of reorganizations Servel emerged in 1928 as a $14,000,000 concern backed...
Last week Servel directors asked their stockholders to approve a sale of 100,000 shares of stock to Mr. Wenner-Gren at $4.50 per share (the market price) together with a three-year option on another 100,000 shares at slightly higher prices. Mr. Wenner-Gren was to be made Servel's board chairman. Electrolux was apparently going home to Sweden. Wrote directors to Servel stockholders: "A point has been reached in the development of the corporation's business where the proposed arrangement with Mr. Wenner-Gren will be of great benefit. . . . In addition to the benefits...
Before he got out of school in his home town of Uddevalla, Axel Leonard Wenner-Gren had a shrewd eye for the main chance. Swedish legend relates how at the age of nine he developed a thriving business in baskets and ash trays woven from tin strips dumped outside herring canneries, how he organized his playmates to make and sell his product, how he thrashed them when their salesmanship was poor. Son of a Swedish count, he later worked in Gothenburg but, restless and energetic, went to Berlin to learn big business. Later, like Ivar Kreuger, he worked and traveled...
...Sloan liked Mr. Wenner-Gren's refrigerator but not his price. Electrolux rights were sold to Servel. Inc., in which Mr. Wenner-Gren & Associates eventually became the largest stockholders. But last week Mr. Sloan must have remembered that visit for it became known that a division of General Motor's Frigidaire Corp. will soon offer the only other gas refrigerator in the U. S. It will be called the Faraday in honor of Michael Faraday (1791-1867), famed physicist. It is expected that sales will be handled in good measure by gas companies attempting to increase their...