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...political plans by endorsing Senator Borah for President; 2) Dr. Townsend had seized control of the organization by packing its board of directors; 3) Dr. Townsend's attorney, Sheridan Downey, EPIC candidate for Lieutenant Governor of California in 1934, had weaned the gentle oldster away from his partner in order to further his own ambitions for California's governorship; 4) Dr. Townsend's clique, fearful lest the Congressional investigation disclose some shady Townsend financing, had ousted Secretary Clements in order to have a convenient scapegoat; 5) Dr. Townsend wanted a Townsend third party, while Secretary Clements...

Author: /time Magazine | Title: THE CONGRESS: Loss & Profits | 4/6/1936 | See Source »

Bret Harte was one of the many rhymesters who sold verses for Sapolio advertising. His parody of Longfellow's Excelsior served as a handout in 1877. The original Spotless Town jingles were submitted to Morgan's in 1899 by a Cornell undergraduate named Eraser, later a partner in the advertising agency of Blackman & Co. Given away by the million in grocery stores, these and later lyrics were sung by vaudeville troupes, dramatized for church and school entertainments, clinched Morgan's thesis on "How to Become Great" in the company's Witchcraft magazine in 1904: "Diligence, Perseverance...

Author: /time Magazine | Title: Business & Finance: Sapolio | 4/6/1936 | See Source »

...friend of the court was Crampton Harris of Birmingham, Ala., Senator Black's onetime law partner, who had been hired as special counsel for the Lobby Investigation. Said Attorney Harris: "It is difficult to conceive of any injury at all resulting from obedience to the [Senate] subpoena unless the complainant has sent messages of such a type that they should not be entitled to protection by any court. ... In no instance has a Congressional investigation ever held up to the public gaze documents of a private and personal nature." The Senate, argued its hireling, is the sole judge...

Author: /time Magazine | Title: National Affairs: Black Booty (Cont'd) | 3/23/1936 | See Source »

...through. For the past two years, Universal has been short of cash. Last November, in order to get money to finish its two biggest current features, Slitter's Gold and Show Boat, Laemmle borrowed $750,000 from Standard Capital Co. controlled by Cowdin, his friend & partner, George Newell Armsby, and Broker Lawrence W. Fox Jr. In return, Laemmle gave Standard Capital an option on his stock until Feb. 1. The option was extended six weeks. Last week Standard Capital deposited $1,500,000 in a New York bank. An additional deposit of $4,000,000 will be made within...

Author: /time Magazine | Title: Cinema: Universal to Cowdin | 3/23/1936 | See Source »

...iron mines until the slack season of 1914, Carl Wickman became the Hupmobile salesman in the bare little town of Hibbing. Unable to sell the first Hupp sent him, he began a small livery business. Collections on his first trip amounted to $2.25. Presently he added a partner, another automobile, scheduled trips. By 1918 the company was making some $40,000, had 18 ramshackle busses in northern Minnesota...

Author: /time Magazine | Title: Transport: Bus Race | 3/23/1936 | See Source »

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