Word: partnerized
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...Detroit Senator James Couzens, onetime Ford partner, offered to contribute $1,000,000 to the municipal relief fund provided the Mayor's Committee collected $9,000,000 from other private sources. Visiting his Iron Mountain, Mich, factory, Henry Ford laid down a new rule: "Next year every man with a family who is employed at the plant will be required to have a garden of sufficient size to supply his family with part of its winter vegetables. Those who do not comply with the rule will be discharged...
...Theodore T. ("Ted") Ellis, onetime publisher of the Worcester (Mass.) Telegram & Gazette, partner of Col. Knox in buying control of the Daily News from the Strong estate for (reputedly) $2,500,000. It was understood that Mr. Ellis supplied most of the cash (from a fortune estimated near $8,000,000). Knox & Ellis had the support of Rufus Cutler Dawes (brother of the Ambassador) and Chairman Joseph Edward Otis of the Dawes-controlled Central Republic Bank & Trust Co., both of whom were named directors of the News last week...
...popped up in Greenland one day last week. Although everyone was astonished that a plane could fly there from Detroit unnoticed, the news that Parker ("Shorty") Cramer was the pilot was a sure clue to the flight's objective. Since immediately after the War. Pilot Cramer, onetime flying partner of Sir George Hubert Wilkins, had been arguing for a subarctic air route to Europe via Canada, Greenland, Iceland, Norway, Denmark. Twice he attempted a trailblazer, twice failed: once with Pilot Bert Hassell in 1928; the following year in the Chicago Tribune's Sikorsky amphibian 'Untin' Bowler...
First of the two trusts bought by Atlas last week was Ungerleider Financial Corp., formed in 1929 under the management of Samuel Ungerleider & Co. whose senior partner is cheery "Ohio Sam" Ungerleider. The other was Sterling Securities Corp., formed three years ago by the interests which sponsored Insuranshares Corp. It has two Hayden, Stone & Co. men on the board, was one of the first two investment trusts listed on the New York Stock Exchange (the other: General Public Service Corp.). Assets of the two trusts at the end of last year were $9,000,000 and $20.000.000 respectively. Atlas...
...potent directors "in the flesh." But at last week's meeting the directors, confronted with the poorest quarterly statement since the pre-War era, cut the common dividend from a yearly rate of $7 to $4 (TIME, Aug. 3). They left the meeting hastily, silently, Morgan-Partner Lamont forgetting his hat in his hurry. But President Farrell had something to tell reporters. Four words: "Wages were not touched." There was a bit of triumph in his voice. He has fought hard to keep up wages in the steel industry; it was highly pleasing to him when his fellow-directors...