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Heroes. Julius Rosenwald, board chairman of Sears, Roebuck, early in the decline offered to cover the margin accounts of all his employes, became the prime hero. Later Standard Oil of New York became hero-ized with its announcement that it would lend $43 a share ($11 above the market at one point) to employes who had borrowed on their holdings. Other helping companies were Standard Oil of New Jersey, Humble Oil, Gulf Oil, U. S. Steel, Newton Steel. Late last week, when Washington's official silence was broken with promise of the tax reduction, then of an industrial conference, Hoover...

Author: /time Magazine | Title: Business: Heroes, Wags, Sages | 11/25/1929 | See Source »

...Chicago Philanthropist Julius Rosenwald, board chairman of Sears Roebuck Co. guaranteed the margin accounts of all his employes. Two days later Chicago's public utility tycoon and opera promoter Samuel Insull announced that he would do the same thing. And so did Samuel W. Reyburn, president of Manhattan's department store Lord & Taylor. But the climax came when the wizened little man who lives in the fortressed home in Pocantico Hills, N. Y., said: "My son and I have for some days past been purchasing sound common stock." In memory of many a trader in Wall Street, John D. Rockefeller...

Author: /time Magazine | Title: Business: Faith, Bankers & Panic | 11/11/1929 | See Source »

...banking house is the success of the issues it has backed. Many are the winners that Goldman Sachs has sponsored. It brought out a Lambert Pharmacal issue at 41¾, Woolworth at 55, May Dept. Stores at 50, Continental Can at 52½, S. H. Kress at 60, Sears Roebuck at 50, United Biscuit at 28. Special pride is taken in National Dairy Products, issued three years ago at 33. The stock has paid a 33⅓-stock dividend, followed by a 100% stock dividend, is now selling at 78. One of the original $33 shares has become worth...

Author: /time Magazine | Title: Business: Million-Dollar Names | 8/5/1929 | See Source »

Long have mail-order houses like Sears, Roebuck & Co. and Montgomery Ward & Co., sold by mail tires and other automotive accessories. Last week Sears, Roebuck decided to sell the automobile itself. Details concerning price and type of car had not been decided. Announcement was made, however, that the car would be manufactured by Gardner Motor Co., Inc.* and that Sears, Roebuck & Co. would distribute...

Author: /time Magazine | Title: Business & Finance: Mail Order Motors | 7/29/1929 | See Source »

Died. Augusta Nusbaum Rosenwald, 60, of Chicago, wife of Julius Rosenwald. famed Philanthropist-President of Sears Roebuck & Co.; in Chicago...

Author: /time Magazine | Title: Milestones: Jun. 3, 1929 | 6/3/1929 | See Source »

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