Word: year
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Dates: during 1920-1929
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When Dean Wilbur Lucius Cross of the Graduate School announced this fall that he would retire from the faculty at end of the year, a full professorship in the English department was left vacant. After 14 years of well-received teaching at Yale, popular Mr. French hoped that the fruits of his long labors might be rewarded. But another consideration arose last month. He was offered the Provostship of Avon Old Farms, a pretentious two-year-old experimental school at Avon, Conn...
Republic Iron & Steel is the keynote of the new structure. Organized in 1899, from a merger of 24 small steel companies, chiefly in Ohio and Indiana, the company last year went through a rapid expansion program which included acquisition of Trumbull Steel Co. and Steel & Tubes, Inc. There were also continuous but as yet unfulfilled rumors of a merger with Youngstown Sheet & Tube Co., in which Mr. Eaton is also interested. Republic Iron & Steel showed a net of $4,642,000 in 1928 and a net of $8,667,530 for the first nine months...
...several shadows thrown before the Republic merger event was last month's (TIME, Nov. 4) resignation of Tom Mercer Girdler from the presidency of Jones & Laughlin, Pittsburgh's great "family" steel company. Last year Jones & Laughlin made Mr. Girdler president, having heard that the Eaton interests were negotiating with him, so that his departure from Jones & Laughlin indicated that Mr. Eaton had some large fish ready to fry. Mr. Girdler, who has spent nearly 30 years in various steel mills, swears vigorously and always keeps his hat on, to be ready for emergency calls...
Perhaps a very farsighted steel observer could have forecast the Republic merger as long ago as April 1928, when another steel man in whom Mr. Eaton was interested also changed jobs. This man was Elmer T. McCleary, who, after 22 years with Youngstown Sheet & Tube, left its vice-presidency to become president of Republic Iron & Steel. Under the McCleary administration Republic acquired Sheet & Tube, and in 1929 will more than double its 1928 earnings. McCleary habit: to work 12 hours a day 365 days a year. McCleary pride: the new electrical welding process which Republic acquired in taking over...
American Piano (chartered in 1908) had a long and successful business career until 19-27, when common dividends were first passed. In 1928 the last preferred dividends were paid and the year ending March 31, 1929, showed a deficit of $235,235. Last July President George Urquhart reported that "decline in demand for pianos which started in 1927 continued through 1928, and in the present year to date...