Word: rifted
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...Parson resigned as president of F. W, Woolworth Co. and was succeeded by Byron DeWitt Miller, 55, vice president & treasurer. Mr. Parson will be 60 (Woolworth retirement age, suddenly enforced) next September. He also gave illness (arthritis) as a reason for his resignation. There have been rumors of a rift in the Woolworth management for some time. Last year Mr. Parson made many an optimistic statement regarding the company at the time a pool was trying to push the stock. The new ruler of 2,430 stores in five countries started in the Woolworth Poughkeepsie store as a small...
...heels of this announcement, Charles Gates Dawes tendered to President Hoover his resignation from R.F.C.'s presidency. It was known that President Dawes and Chairman Meyer had differed more than once over matters of R. F. C. policy. But Mr. Dawes emphatically denied that a rift with any of the Corporation's officers had influenced his resignation. He also brushed away any Presidential bees. "Now that the balancing of the national budget by Congress is assured," explained he, "the turning point toward eventual prosperity appears to have been reached. ... In taking my position with the Corporation. I interrupted...
...willing to have R. F. C. assume this full financial load with no stickling over collateral, whereas Board Chairman Meyer felt that the banks should not "pass the buck'' to the Government but continue their credit assistance to the roads. That there was nothing personal in this rift of R. F. C. opinion was evidenced when, after a board meeting, Mr. Dawes slapped Mr. Meyer on the back and exclaimed: ''Gene, you're a brick...
What might have been a serious rift in the plans for celebrating the Bicentennial of the birth of George Washington developed in Manhattan last week. Thirteen U. S. painters last April agreed to paint 14 murals, illustrating crucial moments in Washington's career.? These big paintings were to be exhibited at Washington in the little-known National Gallery at the formal opening of the Bicentennial celebration this month. The painters worked without pay; the Government had appropriated only enough money to cover the actual hanging of the murals. Last week, when the paintings were all but finished, the patriotic...
...Alexander G. Ruthven, president of the University of Michigan, has found occasion to differ with the editors of the Michigan Daily. The cause for this rift is a number of editorials which ran recently in the paper and which Dr. Ruthven characterizes as "tasteless and objectionable." The editorials themselves are not on hand but from the subjects given it is possible to deduce that they contained quite a bit of truth--truth that hurt some people's sensibilities. One of them criticizes the conduct of the American Legion members in their recent convention at Detroit, another disagreed with the dean...