Word: winston-salem
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...ratifying a "family settlement," a Baltimore court finally ended the lengthy squabble over the $28,000,000 Camel cigaret estate of Zachary Smith Reynolds, who was shot to death during a party at his Winston-Salem, N. C. home in 1932 (TIME, July 18, 1932 et seq.). To his wife of seven months, famed Torchsinger Libby Holman, whose indictment for his murder was not-prossed, the court gave $750,000. To their posthumous child, Christopher Smith Reynolds, 3, went approximately $7,000,000. To Anne Cannon Reynolds, 5, the dead tobacco heir's other child by a previous marriage...
Portly, sales-minded Richard Reynolds, nephew of Winston-Salem's late Tobacco-man Richard Joshua Reynolds, arrived at the building business by the devious route of tin foil for tobacco and the Eskimo Pie, wrappings and labels for ham, candy boxes, ginger ale bottles, other fast-selling packaged products. Few years ago he made the discovery that the foil which wraps an Eskimo Pie can also be used to insulate a house. It was really no discovery at all because the Germans had long used shiny foil for insulation because of its high reflective power. Foilman Reynolds...
...Albert tobacco or Torch-singer Libby Holman. Nevertheless, in the land where containers are often more important than their contents, Reynolds Metals Co. is a major industrial name. World's largest maker of tin and other metal foils, the company was founded by Richard Samuel Reynolds, nephew of Winston-Salem's late Tobaccoman Richard Joshua Reynolds. Indeed, Nephew Richard is supposed to have persuaded R. J. Reynolds Tobacco Co. to concentrate on Camels before he struck out for himself...
...average price of $27.02 per cwt. Tobacco income was up 35% over last year, was five times greater than in 1931 when the average price was $8.86 per cwt. Tobacco farmers were pouring into North Carolina towns to spend their money on automobiles, zipper jackets, silk dresses. At a Winston-Salem warehouse, where the average price has been well over $30 per cwt., Farmer R.C. Johnson, patting his wallet, explained: "We paid our debts to those folks who carried us so long. We mended the fences, painted the barn, chinked up the cracks in the roof....Then we got around...
When President Hanes went north, he left his brothers to run most of that part of Winston-Salem which the Grays and Reynolds do not. Brother James, onetime Mayor of the city, is head of Hanes Hosiery Mills, one of the largest rayon hosiery concerns in the South. Brother Robert is president of Winston-Salem's biggest bank, Wachovia Bank & Trust. Brother Ralph is head of Hanes Dye & Finishing Co. Brother Alex handles Winston-Salem's biggest brokerage accounts as head of the Chas. D. Barney branch. Brother Frederick moved a few miles away to Duke University, where...