Business & Finance: Scotched Legend

Many are the legends of Big Business.

The following are current and recurrent: 1) Each New Year's Eve, John Pierpont Morgan summons his partners to No. 23 .Wall St., distributes gigantic checks as rewards for the year's work; 2) President Coolidge is kept busy answering appeals that he accept the chairmanship of the U. S. Steel Corp.; 3) Mrs. Frank O. Lowden, the onetime Miss Florence Pullman and daughter of Founder George M. Pullman, names all Pullman cars. For this labor, which reputedly occupies one half-hour each day, she earns either $100 a day...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

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