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...Emanuel Lehman, emigrating from Germany, started a cotton commission business in Montgomery, Ala. The Civil War ruined the cotton business; in 1867 the brothers moved to New York. They helped form the Cotton Exchange, floated bonds for traction and ferry companies, backed early issues of Sears, Roebuck and Woolworth preferred. Mayer died in 1897, Emanuel in 1912. The present partnership includes four Lehmans, five non-Lehmans. Philip Lehman, 74, son of Emanuel, is patriarch and senior partner, presides at meetings in the partners' room on the third floor of Lehman Bros, eleven-story building at No. 1 William...

Author: /time Magazine | Title: Business: Good Hunting | 11/18/1935 | See Source »

...banquet at Boston's Hotel Copley-Plaza was footed by the Committee's New England members, including Speculator William ("Big Bad Bill") Danforth; Colonel Edward Howland Robinson Green, Hetty Green's son; Vice President & Treasurer Charles G. Bancroft of United Shoe Machinery; J. A. Turrell, retired Woolworth executive. One day some of the members went to Leslie Buswell's home in Gloucester, Mass., then for luncheon at the nearby showplace of John Hays Hammond, who was ill abed, finally rejoining their ladies at Swampscott for a dance and clam bake...

Author: /time Magazine | Title: Business: Millionaires' Talk | 10/14/1935 | See Source »

...what the effect would be," James ( "Jimmie") Donahue, Woolworth 5?-&-10? heir, cousin of Countess Barbara Hutton Haugwitz. stepped onto a balcony of his Rome hotel, shouted "Viva Ethiopia " squirted a syphon of soda water at a group of young Fascists. Effect: two Government agents presently escorted Playboy Donahue to the Italian frontier...

Author: /time Magazine | Title: People, Oct. 7, 1935 | 10/7/1935 | See Source »

...started a great gun-beating stampede among the U. S. wealthy. The biggest gifts reported for the four-month period were made before his message: In March John D. Rockefeller Jr. gave away 85,000 shares of Socony-Vacuum Oil valued at $1,090,000; in May Charles S. Woolworth, 20,000 shares of F. W. Woolworth valued at $1,200,000; Frederick B. Rentschler, 20,000 shares of United Aircraft valued at $270,000; Samuel Zemurray, 1,500 shares of United Fruit valued at $130,000. And whether these gifts went as tax avoidance to private heirs...

Author: /time Magazine | Title: TAXATION: Beating the Gun | 8/19/1935 | See Source »

...beauty shop chain: stores selling wares "incidental to personal service" were exempted. That probably let out the dental parlor chain of "Painless Parker." Chief target remained the 1,274 stores of food chains, Safeway, Piggly Wiggly, Mac Marr, Pay'n Takit, but also hit were such chains as Woolworth, Kress, Newberry, Penney, Walgreen. The State Senate thumped the bill through 34-to-4. Then California shook as with an earthquake. Radio, billboard and newspaper advertising propaganda fought propaganda. The Hearst Press turned against the bill. All California's frantic energies were concentrated on getting Governor Frank Merriam...

Author: /time Magazine | Title: CALIFORNIA: Chains | 7/29/1935 | See Source »

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