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Cities Service. Three weeks ago Henry Latham Doherty celebrated his 62nd birthday by resuming high command of the Cities Service organization (TIME, May 23). Stockholders who expected immediate benefit were disappointed last week. Mr. Doherty's first public pronouncement was that all Cities Service dividends must cease, as well as those of four big affiliates-Cities Service Power & Light, Empire Gas & Fuel, Arkansas Natural Gas, Louisiana Oil Refining Co. Affected by the retrenchment are some 650,000 shareholders many of whom, owning preferred shares, expected preferential treatment in the dividend policy. Total omissions would save the company some...
...Last week President Hoover got a new naval aide. Captain Charles Russell Train, after a two-year tour of duty at the White House, was transferred to the Naval War College. From command of the U. S. S. Northampton Captain Walter N. Vernou was summoned to the President's side...
...George V, who sent flowers to James Ramsay MacDonald after his second (right) eye operation, visited the Prime Minister and told him severely to stop fidgeting and lie perfectly still as his doctors recommended. Less fidgety after this Royal command. Scot MacDonald improved rapidly, left London for a month's complete rest at his Lossiemouth home, "The Hillocks...
Even from Harbin the League Commission could see flames leaping by night and great smoke clouds belching by day from towns north of Harbin fired by Chinese soldiers reputedly under General Ma's command. Japanese soldiers resisting the Chinese attack played a dig-in game, awaited reinforcements. When these arrived they proved to be two Japanese divisions hastily withdrawn from Shanghai. What correspondents called "Japanese nervousness" led to the piling up of sand bag barricades in Harbin streets, the stringing of barbed wire...
After six years of "sick-leave" from direct command of Cities Service and Henry L. Doherty & Co., he decided to celebrate his 62nd birthday by returning and becoming again the active executive head of both. Coincidental with his birthday was the opening of his new building in Manhattan, "Sixty Wall Tower" (at No. 70 Pine Street). The building cost $7,500,000, stands on land of the same value. Its 67 stories and 950-ft. height rank it as Manhattan's third tallest. Notable innovation in it are double-deck elevators, one compartment of which stops at even floors...