Word: began
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Dates: during 1930-1930
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...troubles of Bank of United States began shortly after it entered a vigorous period of expansion. For many months its deposits have fallen, and it is estimated that now $160,000,000 is tied up against $212,000,000 on deposit Oct. 17. Half of the deposits are thought to be in thrift accounts.? Many large accounts were also tied up. The Salvation Army had on deposit $50,000 of the proceeds of the Army-Navy charity football game (see p. 34). J. C. Brownstone & Co., a clothing firm whose senior partner is a Bank of United States director...
...reporting the petition in bankruptcy of New Era Motors, Inc., TIME gave an erroneous account of the early years of Arch M. Andrews, head of New Era and director in many another famed company. Brought up in a strict Chicago family, Mr. Andrews began work at 19 in the brokerage business and soon owned a company dealing in bank stocks and unlisted securities. Since then, he has financed (in some cases single-handed): a seal-top for milk bottles (Standard Cap & Seal); the Dictograph; the acousticon; Budd all-steel automobile bodies; Trans-Lux ticker. In all of these he remains...
...cheese champion" because he kept his title safe by fighting only at catchweights, Battalino ran into one of Chocolate's short, clean punches, went down for a count of eight, tottered when he arose, apparently hopelessly beaten. But he lasted out the round, was stronger in the next, soon began to pile up points, crowding Chocolate all the time, whipping clumsy but effective hooks to the blackamoor's kinky head and antlike thorax. After 15 rounds of it, referee and judges agreed that "cheese champion" was a real champion but the crowd, liking Chocolate's style, booed, tore up programs...
...makers. But the financing was thinly spread and the publishing properties were closely involved with a variety of other Lea-Caldwell activities, notably with Caldwell & Co., investment house, and its subsidiary Bank of Tennessee, which held one-half the stock of Southern Publishers. When, last October the Caldwell businesses began to totter (TIME, Nov. 17, 24) $1,266,310 was drawn from the Commercial Appeal and passed to the Caldwell houses. Few days later the banks crashed and the papers' money was tied up. Aggravating the situation was the 11% decrease in advertising revenue suffered by practically all newspapers...
...What he saw-D. W. Griffith's The Birth of a Nation-made his eyes pop, his heart thump. An industry doing things like that, he decided, was the place for him. So Reporter Martin Quigley quit his job with the Chicago evening Post and two months later began publishing the Exhibitors Herald. After absorbing two competitors, Motography, Motion Picture World, the magazine became the potent Exhibitors Herald-World and Publisher Quigley was a millionaire, with a summer home in Connecticut, cabin cruiser, polo ponies. By his acquired enthusiasm for polo, Publisher Quigley was impelled to back Editor Peter...