Word: bros
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Candidate Lehman has the tacit support of Alfred Emanuel Smith. Wall Street has a kindly feeling toward him because his family controls the old banking firm of Lehman Bros. Republicans admit that he would be the hardest Democrat to beat...
...meet, designers had been working for a year, building fat little craft with stubby low wings. Into the California dawn roared five such craft: Clair Vance's Flying Wing, Jimmy Wedell, Jimmy Haizlip and Roscoe Turner in Wedell-Williams Speedsters, Lee Gehlbach in a stubby "Gee-Bee" (Granville Bros.). Over the Mojave Desert Vance had to drop out his cockpit awash with gasoline from a leaking tank...
Beaverbrook Blocked. The difficulties of Price Bros. & Co., Ltd., Canada's old newsprint firm, seemed ended when Lord Beaverbrook had a new directorate elected, his brother AllarrAnderson Aitken made president, and then suggested a plan of reorganization (TIME, June 13). Last week Lord Beaverbrook abruptly announced that his plan had not been acceptable to "several security holders and some of the creditors," had therefore been withdrawn. Chief features of the plan were to postpone sinking fund payments for five years, stop preferred dividends for five years, pay off creditors with income debentures (interest dependent upon earnings...
...renewed difficulties of Price Bros. complicated Canada's newsprint problems. A combine of companies seems essential to the industry but when a concern cannot reorganize itself the difficulties of merging it become tremendous. Last week Lake St. John Power & Paper Co., subsidiary of St. Lawrence Corp., and Abitibi Power & Paper both defaulted their interest...
Died. Frederick Brooks, 74, board chairman of Brooks Bros., famed Manhattan clothiers: in Southampton. L. I. He was the third generation of his family in the store. In the fourth generation his son Winthrop is the company's secretary and director. Eight years ago a suit and overcoat made by Brooks Bros, sold for $6,500; they had been worn by President Lincoln at the time of his assassination...