Word: foundering
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Dates: during 1930-1930
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Helping to make this money were C. I. T. employees (more than twenty-five hundred of them) throughout the U. S. and in 70 foreign countries. But the chief credit is due, as in every other year, to Henry Ittleson, founder-president of C. I. T. In 1908 President Ittleson was secretary and general manager of the May department store in St. Louis. He saw that credit was necessary to customers, that giving credit tied up the firm's funds. He had an idea which probably led to the birth of instalment financing. But he prefers...
...Montgomery Ward was founder of Montgomery Ward & Co. and there is properly no comma between the two names as printed in your issue of July...
Died. Meyer Lissner, 59, Los Angeles lawyer, founder of the Los Angeles City Club, famed oldtime Republican reformer, director of the campaigns for Theodore Roosevelt (1912) and Hiram Johnson (1919), member of the U. S. Shipping Board from 1921 to 1926; after a heart attack; in Los Angeles...
...Williams!" Winner Williams announced that he would go to M. I. T. If he had not won the scholarship, he said, he would have worked his way through his hometown institution, Brown. His father is chief clerk in the Provident Gas Co., a descendant of Roger Williams, founder of the Rhode Island colony...
Youngstown: "What'll you pay us for our property?" said grizzled old James Anson Campbell, founder-president of Youngstown Sheet & Tube Co. to suave, cool-headed Eugene Gifford Grace, president of Bethlehem Steel Corp., one day last February. Thus informally, according to Mr. Grace's testimony last week, was negotiated the Bethlehem-youngstown merger, to prevent which Cyrus Stephen Eaton of Cleveland, big Youngstown stockholder, has had his lawyers at work for 16 weeks in an epochal fight (TIME, March 24 et seq.). Mr. Grace's testimony supplied many another lively item last week. He told...