Word: tycooning
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Runciman Paradox- In London last week came this supreme paradox: Tycoon Walter Runciman, the great Liberal shipping man (Royal Mail and associated companies) whose family stands rooted in the business and politics of Free Trade, was obliged personally to draft and put into effect measures making nearly all manufactured articles liable to a British tariff up to 100% ad valorem. Thus historically he hauled down the standard of Free Trade...
...best, as uttered by Tycoon Runciman: "I think we would be very foolish to copy exactly the fiscal policy of the United States of America. . . . Do not let us do here that which would impede the payments which we receive from abroad. ... In the United States that may not do them much harm. That is for them to decide, not us. ... We . . . must not altogether close down the means whereby these remittances reach here. I am expressing my own opinion and others may express theirs if they like...
...Guilty Generation (Columbia) is a lively gang picture. Chief interest is supposed to be supplied by the offspring of the gangsters rather than the gangsters themselves. The daughter of one tycoon gangster meets, at her Florida debut, the son of her father's mortal enemy, a young man who has learned to be an architect. They marry. Furious, the girl's father (Leo Carrillo) threatens to kill his son-in-law, is killed himself by his aged mother. Critics wondered whether Hamlet would not make a better gangster plot than Romeo Or Juliet. The Age For Love (United...
Harley Lyman Clarke, utility-cinema tycoon, and Edward Richmond Tinker, banker, last week indulged in polite remarks about each other. Mr. Clarke was retiring from the presidency to the chairmanship of Fox Film Corp. His post is being filled by Mr. Tinker. Said Mr. Clarke: "I have been hoping for some time that Mr. Tinker would undertake this responsibility, and I am delighted. . . ." Said Mr. Tinker: ". . . Mr. Clarke and I have been friends for many years ... I am looking forward to the renewal of pleasant relationships with old friends and associates...
Kreuger in LL S- Potent in the U. S. match business is Ivar Kreuger, match tycoon of the world. Vulcan Match Co. (subsidiary of International Match Corp. which in turn is controlled by Swedish Match Co., Kreuger & Toll unit) has long sold imported Swedish matches in the U. S., made none of its own. The recent tariff on matches has made this business less profitable, has made it seem likely that Herr Kreuger would acquire a U. S. factory. Once it was widely thought that he had bought a big interest in Diamond Match Co., biggest...