Word: partnerized
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...profits to OARP "as long as there is need for it," he still owns a 50% interest in it. The Weekly, said he last week, is "worth $1,000,000." The committee's young Counsel James R. Sullivan of Kansas City quoted some letters written by Partner Townsend to Partner Clements last year...
This inventive work goes on at the Uni-versity of Virginia, under direction of Professor Lyndon Frederick Small, organic chemist. By last week he had produced more than 200 variations of morphine and sent them to his research-partner at the University of Michigan, Professor Nathan Browne Eddy, pharmacologist. Dr. Eddy tries the substitute drugs on rats, dogs and monkeys. He has found that several morphine substitutes invented by Dr. Small and others are better than morphine because they cause less vomiting and constipation, depress respiration less than does morphine. But "whether any of the substances possess addicting properties...
...past two or three decades neither the practices nor the policies of the Philadelphia Stock Exchange have changed materially. President Howard Butcher Jr., senior partner in a local brokerage firm, carries on the ancient traditions despite the half-hearted threats of revolt by younger members. Excitement is occasionally provided on the floor by Salt Dome Oil, a mysterious issue which moves as much as 12 points between sales. As characteristic of the Philadelphia Stock Exchange today as it was in the 1870's is a deal of fast trading in local traction securities, foundation of most of Philadelphia...
...last month's Budget leak. Three years ago when the British Government took over the defaulted bonds of Newfoundland, there was a similar leak which made fortunes on Newfoundland bonds for a favored few. Among the biggest plungers then was the brokerage house of Belisha & Co., whose senior partner is the uncle of Minister of Transport Leslie Hore-Belisha. A potent partner in Belisha & Co. is Leslie Thomas, son of dumpy James Henry Thomas, Britain's Secretary of State for the Colonies. One of the first facts discovered about last month's Budget-leak scandal was that...
Promoter McKay and his partner, Abe Dembinsky, onetime Detroit auctioneer, bought the $2,000,000 Berkey & Gay property last spring for $75,000 in cash and assumption of tax liabilities amounting to $180,000. They sounded out the old dealers who had held Berkey & Gay franchises, found 124 of them ready to give estimates of a year's requirements. Collecting old-time Berkey & Gay officers for the new company, they hired 300 men to open up one plant last autumn, floated $1,600,000 in new stock, started commercial production last April...