DailyTimeCapsule brief
February 26, 1938
On February 26, 1938, the Goodrich Corporation reported a significant net loss of $878,580 for the year, following a massive write-down of $5,652,935. This financial struggle reflected the broader challenges faced by American companies in the late 1930s, as the nation continued to grapple with the lingering effects of the Great Depression. Concurrently, the media industry mourned the passing of Gerrit Griswold, a prominent publisher and civic leader from Batavia, New York, who had co-owned the Daily News for over fifty years. Griswold was not just a figure in journalism but also a charter member of the Associated Press and a former president of the State Press Association, highlighting his influence in both press and community affairs. Meanwhile, Peru was preparing to ask for palace bids, indicating new developments in governmental contracts and construction.
Key developments
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On February 26, 1938, the Goodrich Corporation announced a substantial net loss of $878,580 for the year, following a hefty write-down of $5,652,935. This financial setback highlighted the challenges faced by the company in the tumultuous economic landscape of the late 1930s. The report primarily reflects the company's performance in 1937 and the impacts of the Great Depression.
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Gerrit Griswold, a prominent newspaper publisher and co-owner of the Daily News in Batavia, New York, died on February 26, 1938, after more than 50 years in the industry. He was a charter member of the Associated Press and served as president of the State Press Association. Griswold was also known for his active involvement in various civic affairs within his community.
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On February 26, 1938, the Peruvian government announced its intention to solicit bids for the furnishing of various palaces. This initiative aimed to enhance the aesthetic and functional quality of government buildings. The move was indicative of the broader modernization efforts taking place in Peru at the time.
