Business & Finance: Coming-Out Party

Delivered to financial editors in Manhattan early this week were telegrams inviting them to send representatives at 5 130 that afternoon to Suite No. gR at the Hotel Waldorf-Astoria. Even if the reason for the invitation had not been revealed in the message, the signature alone—G. A. Ball—would have been enough to guarantee a good turnout.

Every alert newshawk knew that George Alexander Ball, the 74-year-old Muncie, Ind. fruit-jar maker, had been listening attentively to offers for the stocks by which he controlled the $3,000,000,000 Van Sweringen rail and real-estate empire (TIME, April 19). They knew, too, how for a mere...

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!