Word: lumber
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Another good text for breadline pictures was the fact that Warm Springs, Ga. was last week swarming with the suppliers of the lumber from which President Roosevelt will build his 1935 relief structure. Big problem was how much money to spend and where...
...jury consisted of the president of the Peru, Ill. school board, a dealer in industrial diamonds, an insurance salesman, a young bookbinder, an unemployed telephone engineer, an automobile dealer, a coal salesman, a dairy farmer, the mayor of Millington, Ill., an employe of a grain and lumber company, an unemployed salesman of office supplies, a grocer. Two were in their 50's, six were in their 40's, two in their 30's, two in their 20's. They were a fairly representative cross-section of the middle class of U. S. business. Sitting in judgment...
...Bank has challenged the Frazier-Lemke Act after a farmer owing the bank $7,063 invoked the law in order to save his property from foreclosure. In Tennessee 600 manufacturers of hard wood have got a decision from a Federal Judge that, in selling 40,000,000 feet of lumber to Fisher Body Corp. at some 15% below code prices, they did no legal wrong. In Oklahoma a Federal judge dismissed indictments against two automobile dealers charged with buying used cars and selling new cars at below-code prices. Grounds: that the sale of an automobile from a man living...
...contracts at Boulder Dam and owns a 300,000-acre ranch with "40,000 sheep and 25,000 cattle"; 3) director of Pet Milk Co.; 4) president of Sego Milk Products Co.; 5) vice president & treasurer of Amalgamated Sugar, a big Mormon beet-sugar enterprise; 6) president of Stoddard Lumber Co. which cuts 30,000,000 ft. of timber annually, in eastern Oregon; 7) director of a chain of lumber yards; 8) director of a farm implement house. Said the White House release: "All of these concerns have successfully weathered the years of Depression...
Died. Edward Wellington Backus, 73, Minneapolis lumber & paper tycoon (Backus-Brooks Co.) ; suddenly, of heart disease; in Manhattan, which he was visiting on business. Taken to the prairies as a child during the Civil War, he started in business with 3,000 borrowed dollars, eventually ruled a $100,000,000 empire that included banks, power, telephones, railroads. Unable to refund a bond issue in 1931, tall, tough President Backus lost control. Last January he fiercely started a comeback in the form of a suit to dismiss his receivers for mismanagement (TIME...