Word: whitney
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Dates: during 1930-1939
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Today at 36 Lang Williams is president of Freeport Sulphur Co., corporate successor (in a reorganization in 1936) to Freeport Texas. Board chairman is socialite John Hay Whitney who is only 34. Between them they operate the second largest sulphur company in the world (the largest: Texas Gulf Sulphur), which supplies some 27% of the world's supply of brimstone sulphur. Last year gross sales were $10,050,355. With its financial socks pulled up, Freeport Sulphur paid dividends of $2 on 796,380 shares of common stock, has paid a total of 50? in the first half...
...Brother Whitney had his delegates oust Brother Anderson...
...Victorian fashions. Among U. S. croquet players: Secretary of State Cordell Hull, Socialite Mrs. Margaret Emerson, whose Port Washington estate is the scene of the annual Long Island croquet championship, Novelists Charles and Kathleen Norris, whose summer place is virtually built around a croquet court, Poloist John Hay ("Jock") Whitney, Social Cynosure Herbert Bayard Swope, who plays very solemn croquet with Broadway celebrities at his Long Island home, Publisher William Randolph Hearst, Drama Critic Alexander Woollcott and the four Marx Brothers. Most of these play according to the Wimbledon Championship rules* and all of them take the game as seriously...
Said he: "In the interest of good business, the Street simply cannot afford any avoidable major scandal, involving large losses to customers. ... In the Whitney failure, members of the public generally were not involved because the firm was not doing any large public business. But that was only good fortune. It was even more of a fortunate accident that the recent Elfast insolvency did not involve the public. That was sheer good luck. . . . The time to build fire escapes is not while a fire is raging, but when the building is in good condition...
Treasurer Anderson announced that he could not be responsible for B.R.T.'s funds unless he was allowed to watchdog. To this part of disgruntled Mr. Anderson's indictment, B.R.T.'s Whitney had a telling answer: union assets since 1935 have increased from $10,000,000 to $20,000,000, membership by 17,695 to 133,969. Brother Whitney had his delegates oust Brother Anderson, vote to meet hereafter in cities "whose newspapers appreciate our visit sufficiently to deal fairly and respectfully with...