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...daring financier was Jonathan Ogden Armour, heir to the meat-packing fortune of famed, hard-boiled old Merchant Philip Danforth ("P. D.") Armour (1832-1901). Sometimes J. Ogden would rush in and buy where more conservative tycoons feared to tread. Result: The great packing concern his father and he had built up found itself at the War's end overstocked with high-priced meat for the Allies. Armour's personal $150,000,000 fortune, involved in grain as well as meat, dwindled by $1,000.000 a day for some 130 days. He died in London in 1927 insolvent...

Author: /time Magazine | Title: Business & Finance: Cracking Wealth | 1/19/1931 | See Source »

Died. James Isaac Buchanan, 77, president of Pittsburgh Terminal Warehouse & Transfer Co. and River & R. R. Terminal Co., director of many a utility concern, onetime Sovereign Grand Inspector General of the Scottish Rite, longtime member of the Supreme Council of the Scottish Rite, holder of other Masonic offices; from a fall on an icy pavement; in Pittsburgh...

Author: /time Magazine | Title: Milestones, Jan. 12, 1931 | 1/12/1931 | See Source »

Most worldwide concern of the year was the Depression, its U. S. focus Wall Street. Down there no man carried a bigger load, none fought the Boojum more effectively than Albert Henry Wiggin, sagacious, resourceful, confidence-inspiring board chairman of Chase National Bank. But other great bankers carried great loads...

Author: /time Magazine | Title: Foreign News: Man of the Year, 1930 | 1/5/1931 | See Source »

...Nashville last week the court ordered a receiver in the first and more important of the suits-in which Minnesota & Ontario Paper Co. seeks to recover on its purchase of $1,500,000 Southern Publishers bonds. But it refused the receivership against Tennessee Publishing Co., "a going concern whose assets are conceded . . . to be greater than its liabilities." Straightway Col. Lea brought a $500,000 damage suit against M. & O. Paper Co., which had charged mismanagement, dissipation of assets...

Author: /time Magazine | Title: The Press: Luke Lea's Troubles | 1/5/1931 | See Source »

...considerations, discussions and essays in the realm of beautiful letters concerning the house plan as it obtains at Harvard have had the common characteristic of viewing the entire affair from the purely academic angle--that is to say, as it affects the serious student, who goes to college for purposes other than social, recreational or commercial. And, as every one knows who has ever had any contact with American undergraduates, this serious student whose major pre-occupation for four years is the pursuit of curricular ambitions is a very rare fellow, indeed. Of course, this is not the burden...

Author: NO WRITER ATTRIBUTED | Title: House Plan Has Not Forced Harvard Men Completely to Take the Veil, Says Beebe in Columns of New York Herald-Tribune | 12/9/1930 | See Source »

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