Word: contract
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...your magazine of April 29, I note on page 26 under the caption "Life, Tom Mix last week agreed to quit cinema and work for the 101 Ranch Wild West Show for the rest of his career. Alleged inducement: $15,000 per week." Mr. Tom Mix has a signed contract with the Sells Floto Circus Company for his services starting on May 26 and lasting-I hope forever. . . . ZACK TERRELL...
...mammoth investment trust is Ungerleider Corp., with its relatively modest 25-million-dollar initial capital. But in view of current criticisms, its structure attracted attention. It begins life with a management contract entered into with Samuel Ungerleider & Co., which provides that the brokerage house will receive no compensation except standard commissions unless the investment trust has earned in excess of 8% on its capital. When more than 8% has been earned, Samuel Unger leider & Co. will receive 20% of net profits, but only if the payment of such 20% does not reduce the corporation's profit below...
Paul W. Litchfield, president of Good-year-Zeppelin Corp., last week called on President Hoover to ask whether the U. S. would look with favor on granting a contract to carry mail by Zeppelin from California to Honolulu. Evidently the President's reply was favorable, for Mr. Litchfield announced plans for constructing two giant dirigibles twice the size of (he Graf Zeppelin. The two ships, sisters of the two huge ships which Goodyear is constructing for the U. S. Navy, are to use helium as their supporting gas, will have engines and cabins enclosed in the hulls, will cost about...
Justice Stone has just finished building a red brick house a block away from Chief Justice Taft's on Wyoming Avenue. To insure getting everything he wanted within it, he drew the contract for its construction himself...
Refusal. On his 40th birthday last week, Charles Chaplin reiterated his refusal to appear in talkies by turning down an alleged $1,000,000 contract to make a talking picture for Producer James Cruze...