Business & Finance: Rustless Victory

One of the first things that tall Charles Shipman Payson did after he graduated from Yale in 1921 was to marry Joan Whitney, daughter of the late Sportsman-Tycoon Payne Whitney and niece of the late Sportsman-Tycoon Harry Payne Whitney. One of the next things he did was to become interested in taking sugar syrups from Cuba to the U. S. Refined Syrups, Inc. made no money, claimed two engineers, until they suggested to Charlie Payson that he ship syrup sufficiently low in sugar content to dodge the $40-a-ton duty, pay 83¢ instead. Because this...

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