Business: Penman's Return

When debonair, mustachioed Elisha Huson Waterman last week became kingpen of L. E. Waterman Co., the 2,000 astonished employes of this famed old fountain-pen concern could well imagine his father, Frank Dan Waterman, turning furiously in his grave. Thirteen years ago, crusty, conservative President Frank Dan kicked Elisha out of his $6,500 job in the company and banished him from the family. Last month, when bitter old Frank Dan died, he left Elisha a mere $100. Scarcely was the Waterman ink dry on the will when Elisha quietly played the trump card he...

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