Business & Finance: Gifts

To many, last week, came holiday gifts. Among them:

Partnerships. To Sir William Wiseman, 43; George W. Bovenizer, 49, and Lewis L. Strauss, 32, came partnerships in the great Manhattan banking house of Kuhn, Loeb & Co. Partner Wiseman rose to fame as Chief of the British Intelligence Service in the U. S. from 1916 to 1919. Partner Strauss was confidential secretary to President-Elect Hoover during the war. Partner Bovenizer, with Kuhn, Loeb since 1897, has been manager of the bond and syndicate departments.

Shoes. To personal friends of George W. Johnson (Endicott Johnson Co., Binghamton, N. Y.) came 425 pairs of shoes; to policemen, 16; to switchmen, 23; to ministers, 30; to inmates of the County Home, 252; to school children of Endicott (from George F. Johnson), 6,500; in all, 13,000 pairs. Value: $50,000.

Expenses. To minority stockholders of the Chesapeake & Ohio R. R. came over $200,000, a voluntary contribution from the Brothers O. P. and M. J. Van Sweringen, to pay the legal expenses of the minority’s anti-merger (C. & O., Erie, Hocking Valley, Pere Marquette, Nickel Plate) battle before the Interstate Commerce Commission.

Dividends. To stockholders of 450 corporations came extra dividends totaling $250,000,000. Notable were: General Motors Corp., $44,500,000; E. I. du Pont de Nemours, $13,452,000; R. J. Reynolds Tobacco Co., $6,000,000; Standard Oil of California, $6,297,000.