Word: 20s
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...financial flea circus of the '20s, the giant holding companies, Electric Bond & Share and North American, were star performers. Bond & Share, run by Sidney Zollicoffer Mitchell, controlled five intermediary holding companies, and through them sat on the backs of 231 subsidiaries. Its $3½ billion empire supplied power in 34 states from Florida to Oregon, from Texas to Pennsylvania. North American, the pyramid erected by luxury-loving Harrison Williams (TIME, Jan. 21), at one time supplied 13% of all U.S. electric power. It had 59 other companies beneath it, some of them stacked five deep. And on its back...
...Race of Wanderers. In Jerusalem today you see oldsters and middle-aged men, but few vigorous, ambitious educated men in their 20s. The reason is simple. Those who can are getting out. They are working all over the Arab world as teachers or junior staffers in oil companies. One sees them in Syria, Iraq, and up & down the length of the Persian Gulf, sad, lonely for the lovely hills of Judea. They are a new race of wanderers from the Holy Land...
...20s and the '30s, Columbia recorded Weingartner's performances of all 13 symphonies. Bestsellers in their day, they have long been out of stock. Now, "by request," Columbia has repressed them on LP. Few listeners will side with Debussy. Weingartner proves to be a tidy conductor indeed, but from these recordings, some made with the Vienna Philharmonic, some with the London Symphony, his chief characteristic seems to be mellow and spacious splendor...
Visiting Peking in the '20s, a wealthy Manhattan engineer named Guion M. Gest got relief from a painful eye disease, and picked up a hobby. For his ailment, Commander I. V. Gillis, U.S. naval attaché in Peking at the time, recommended an ancient Chinese eye medicine, concocted and sold by a Peking family. The medicine eased the engineer's pain, and he decided forthwith to begin collecting a library of Chinese medical books. In due time, Engineer Gest went back to the U.S., but before he left he commissioned Navyman Gillis to act as his agent...
...Chicago's Philosopher Mortimer Adler (TIME, March 17) as a Vice President in Charge of Thinking, thought that "retailing is a backward and disorganized industry." He would also admit that Macy's had lost ground, was not growing in Manhattan as it had done in the '20s. He prophesied: "It will do so again in the '50s. If it doesn't, I will have been a failure...