John Hertz of Chicago (TIME, May 5) is not easily discouraged. Beginning as a copy boy at eleven in a Chicago newspaper office, he emerged a few years ago as the genius of the Yellow Taxicab and other kindred companies, whose tremendous rise was the sensation of the Chicago Stock Exchange in recent years. Then he brought his stocks east and listed them on the New York Stock Exchange, where they underwent a disconcerting deflation. As if to repay New York's lack of hospitality, Hertz has now...
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