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Exit Dunlop. While Scotland's John Dunlop first thought of putting his pneumatic tires on bicycles, it took an Irishman to gaze into the spinning wheels and see a fortune. Dublin Paper Merchant Harvey Du Cros, father of three famed bicycle racers, needed only to see his sons beaten by a man on Dunlop tires before he set to work. He promptly organized a tire company, persuaded Dunlop to join him, and with classic forethought predicted in his prospectus: "The pneumatic tyre will be almost indispensable for ladies and persons with delicate nerves...
With the stamina of six-day bicycle racers, Harvey Du Cros and his sons set out to convert the British Isles, then the Continent, them the U.S. They built new factories in France, Germany, and Canada ; in seven "years the company was reorganized with $24 million capital, and John Dunlop sold his interest...
Enter Macintosh. At the dawn of the auto age, the company started its own rubber plantations in Malaya, bought textile mills to guarantee supplies of tire fabrics. But Dunlop expanded too fast, was caught in 1921's commodity collapse with a disastrously big inventory of rubber. The Du Cros regime was ousted. In went Sir Eric Geddes and Sir George Beharrell, a brilliant management team...
...promote the idea. Such blue-ribbon firms as Standard Oil (N.J.), National Biscuit. Sears, Roebuck, Internation al Business Machines, John Hancock Life. American Airlines and Westinghouse have elaborate programs. In 1953 General Motors alone paid out $2,419,709 (an average $52 a suggestion); Ford paid $542,918, Du Pont $295,382. General Electric $685,842. Government agencies gave $1,362,000 for new ideas-including a $275 award (and a promotion) for one selfless civil servant who suggested abolishing his own $12,000 job. Estimated saving to Uncle Sam from such suggestions: $44 million. In many companies employee suggestions...
...shrieks and sly gags over the newest look in Paris fashions (TIME, Aug. 9) were beginning to die down last week. As the gasps subsided along Rue du Faubourg-Saint-Honore, and the fashion editors took a second look, they saw that Designer Christian Dior's flat look was not so flat after all. Fewer than a third of Dior's new dresses minimized the bosom, and even these bore no resemblance to the droopy formlessness of the Jazz Age. Most dresses were molded from hipbone to mid-bust, creating a long, svelte torso, a high and undeniably...