Word: youngstowners
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Dates: during 1930-1939
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...business for the past year was settled. Many a potent industrialist is still against reductions, including President Walter Sherman Gifford of American Telephone & Telegraph who carries great weight on the U. S. Steel directorate. But with Steel taking the lead, other companies rushed to follow. Bethlehem Steel Corp. and Youngstown Sheet & Tube followed suit so precipitously as to suggest that they had settled the argument long ago, were merely awaiting a strong lead to follow. As more and more steel companies were added to the list, absences became conspicuous. It was clear that many companies had already taken their...
...liked it so little he lay very still. There was never any more faltering. An undaunted mind-that was Hardy. He was a great man. That was his hard fate." ¶ Last week from England's Lake District came another literary incident. A Mrs. Jane Jefferson of Youngstown, Ohio, went to Cockermouth to see the birthplace of Poet William Wordsworth. She looked all over town, finally got some one to point out the unmarked house, now a doctor's office. "Young man," cried she, "if William Wordsworth had been born in Youngstown we would have shouted...
...manufacturing power and light. Cleveland, city of his adoption, had come to look upon him as its most aggressive financier and some midwestern steel interests fancied him their champion against the East. Last December when he broke the proposed merger between Bethlehem Steel Corp. and Youngstown Sheet & Tube Co. by one of the bitterest and most expensive lawsuits in history, the whole nation looked on and Cyrus Eaton stood at the height of his fame. But it proved a Pyrrhic victory, which left the conqueror too weak to continue the fight. Reverses came thick and fast. In April, Continental Shares...
Cyrus Stephen Eaton, retrenching tycoon, resigned as a director and member of the executive committee of Youngstown Sheet & Tube Co., also from the Chairmanship of Continental Shares, Inc. Last week the Eaton firm of Otis & Co. retired from the N. Y. Stock Exchange...
Cyrus Stephen Eaton of Cleveland, the man who blocked the Youngstown merger, was the man who caused the bonus war. What justification was there, he had asked to know, for paying as high as $1,623,753 in one year (1929) to President Eugene Gifford Grace? Minority shareholders echoed Mr. Eaton in surprise and indignation. Chairman Charles Michael Schwab, who had issued the bonuses in his discretion (but never taken one himself), pleaded with tears in his eyes and a catch in his voice for the shareholders to "drop it, drop it" (TIME, April 27). Last week, having altered...