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...dare to publish the facts I have got of the colossal mismanagement of this company," shouted one Charles L. Norden. He referred, of course, to the old scandals of British politicians jobbing Marconi Wireless stock for their own as well as Government profit. The company, with 60 subsidiaries, has lost money, forcing stockholders to endure three refinancings; and now they were asked to approve a fourth-to reduce the values of their shares from ?4,000,000 to ?2,374,954. Grief over stockholders' losses and suspicion of financial monkey-business caused shareholder Norden's outburst...

Author: /time Magazine | Title: Business: Marconi Wireless | 3/28/1927 | See Source »

...graduation, because of its obvious advantages. In the first place, granting an equal response from the members of the class, the return will be much larger in 25 years than under the insurance plan, where much money is bound to be dissipated in lapsed policies and in profit for the insurance company. At the same time the chief idea of the insurance plan is gained; that is, the spreading of the burden over the full period of years. Last and most important, the committee believes very strongly in the principle of purly voluntary giving, finding something repugnant in the idea...

Author: NO WRITER ATTRIBUTED | Title: HARVARD FUND TO GATHER 1927 GIFT | 3/24/1927 | See Source »

...with public spirit enough to enter politics and fight for reforms himself. Railway rates had been the issue of his political career. Water-transportation for inland Alabama industry was the end to which he now gave his name and money, until the end was won. Not for a "handsome profit" Alabamans said, had the Hon. Mr. Comer and Publisher Thompson used the Age-Herald, but as an instrument to develop their state which, when developed, may well be served by step-keeping public servants, journalistic and other wise, from foreign states...

Author: /time Magazine | Title: The Press: Chapter Heading | 3/21/1927 | See Source »

...sold last week. The buyer was E. D. DeWitt of Manhattan who used to manage the late Grocer-Publisher Frank A. Munsey's New York Herald. Mr. DeWitt told Birmingham two things: 1) that he had paid the Age-Herald's previous owners a "handsome profit" on their original investment; 2) that he was not going to change the staff or policies that had kept the Age-Herald "in step with the best thought of the community." These were good businesslike statements by a man entering a booming city to operate a property already thriving on a monopoly...

Author: /time Magazine | Title: The Press: Chapter Heading | 3/21/1927 | See Source »

...profit and loss...

Author: By D. G. G., | Title: THE CRIME | 3/21/1927 | See Source »

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