Word: hammond
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Wiley E. Mayne '38, Chairman, George F. Lowman '38, Martin D. Schwarz '38, C. Philip Hammond '39, Paul R. Wentworth...
...feel nagged now every time I think of it. If we had ever been able to put all their ideas into practice, you'd have had a smelter that looked like something in the funny papers." Investors rather than mineralogists, the Guggenheims hired famed mining engineer John Hays Hammond in 1902 at the record salary of $250,000 a year plus a quarter interest in new mines recommended by him. (Doodling statisticians, putting his first year's pay at $1,250,000, figured it cost the Guggenheims 75? every time Hammond said...
...Harris Hammond earns $20,000 per year, aside from the income from his inheritance. He is president of Dominguez Oil Fields Co. which earned $2,000,000 last year, and of Laughlin Filter Corp., a small New Jersey company which manufactures centrifuges. In 1928 Mr. Hammond and Philadelphia's Anthony Joseph Drexel ("Tony") Diddle Jr. were among the directors of Acoustic Products Co., which later became Sonora Products Corp. of America. When Sonora went bankrupt and Irving Trust Co. became its receiver, that Manhattan bank charged that Sonora's directors had personally used an option owned...
During the hearings Mr. Hammond protested that he could not stand such a slice because he had to pay some $2,400 in Federal and State income taxes; $9,133 a year for a co-operative apartment; and $12,000 a year for household expenses ("for servants, laundry, meats, groceries, drugs, electricity, gas, doctor's bills, valet service, and wearing apparel for himself and his wife, and for entertainment...
Last week in Manhattan Federal Judge John C. Knox, having hearkened to this plea, signed a garnishment order-but an order for only $160 per month. At this rate the judgment against Mr. Hammond would be liquidated in 957 years and eight months. Irving Trust Co. would collect its last cent in the year...