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...plans provide for the creation of a new company to manufacture Fierce-Arrow cars. Studebaker will invest $2,000,000 in this company, but it will not affect the financial structure of Studebaker Corp. President Albert Russel Erskine of Studebaker will be chairman of the board and Mr. Forbes will be president of the new company...
Although the same events affect the Canadian manufacturers, five of them last week attacked the situation by merging. Canadian Woolens and its subsidiaries, Milton Spinning Mills and Otonabee Mills, with R. Forbes Co. and its subsidiaries, Orillia Worsted Co., were the parties to an agreement whereby a new company-Dominion Woolens & Worsteds Ltd.-will assume control of all. President of the Dominion Woolens & Worsteds is A. O. Dawson of Montreal, who has been Canadian Woolens' president...
...carry it too far. All I want to point out is that many of the important decisions in life are by no means evidently momentous at the time. The right and wrong of the choice may be clear, but not the seriousness of the consequences involved; because they affect not so much the outward career of the actor as his own personal character, and the result may not be manifest for a long time...
Increasing the membership of any organization is indicative of one of two trends. Either the group is slipping down hill and needs reinforcements, new blood, and the strength of numbers, or it is coming to have additional value and power which a slight loss in exclusiveness does not affect. In the particular case of Phi Beta Kappa, however, there is a third element in the increase in eligible candidates...
This may not affect the argument but I thought it might be interesting...