Word: powerful
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Dates: during 1930-1939
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...City. Almost since the year of the university's founding (1857) University of Chicago social scientists have watched Chicago grow from a Midwestern town to a sprawling metropolis. They have studied numerous facets of the city -real estate, money markets, stock trading, light & power, men's clothing, furniture, bakeries, pottery, industrial location, voting habits, youth delinquency, Negro families, etc. Perhaps Chicago has not yet profited much from this scrutiny, but it may do so eventually,* and so may many another city...
...Dick Knight. One autumn Manhattan's stock-market collapsed; but it was not that. He began to drink hard, and kept it up for seven years; but it was not that either. It was a delusion of grandeur, he thought later, brought on by too much money and power: that and boredom, the emptiness of going through the same old triumphs. Dick Knight began to act in a way that no longer amused anybody. He threw his weight around, wrecked his friends' apartments, kicked the windows out of a taxicab, got arrested on Fifth Avenue...
Over Vienna's jitterbugs in ¾ time ruled two men with more power than the Emperor himself. They did not make Vienna's laws, but they wrote its waltzes. These two men were Johann Strauss, father & son, subjects of a joint biography (Johann Strauss, Father and Son - Greystone Press; $3.25) published last week by Viennese Exile H. E. Jacob...
Cyrus Stephen Eaton is a well-dressed, frosty-eyed financier of 56. He left his native home in bleak Pugwash, Nova Scotia, to study for the Baptist ministry. In Cleveland in 1925 he dramatized his power to refinance Trumbull Steel Co. by proving to its officers that Cleveland Trust Co. would honor his check for $20,000,000. By 1930 he was instrumental in forming the No. 3 steel Company (by mergers built on Republic), was sitting on the boards of 20 great corporations (utilities, steel, paints, hotels). That year he helped undermine the foundation of the tottering Insull empire...
Cyrus Eaton's Otis & Co. wrote a letter to Wendell Willkie, president of Commonwealth & Southern Corp., saying that they understood that big holding company was about to buy 125,000 shares of stock from its Michigan subsidiary, Consumers Power Co. Mr. Eaton righteously set out a plan to disprove Wendell Willkie's chronic complaint that investors will not buy utilities securities: his Otis & Co. would gladly pay a price "substantially in excess" of the $28.25 that C. & S. was going...