Business & Finance: Wanamaker Manager

"Their approval shall not be necessary in or to validate any decision or management by Nevin," said Rodman Wanamaker 's $100,000,000 will last week (TIME, Mar. 19). "Their" meant seven managing trustees. "Nevin" was William L. Nevin, lately obscure youthful lawyer, now by inheritance merchant princeling. "Nevin" will henceforth manage, irrespective of benefit of experience of seven advisers.

Student Nevin fulfilled Pennsylvania University's law school requirements at 18. For ten dreadful, discouraging years he "practiced," until accident confronted him with John Wanamaker, the Founder.*Lawyer Nevin was better at real estate than the Founder himself; when the owner died, Lawyer Nevin was made...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!