Deals & Developments

New Holland. An agent of Capitalist August Heckscher of Manhattan announced that New Holland Corp. might be dissolved. Six years ago the capitalist's and the corporation's names were news enough to set residents of Hyde County, N. C. agog. The capitalist poured millions into the company; the company set up huge pumping stations which drained the marshy old bed of Lake Matamuskeet for a mammoth "factory-farming" project. Wheat and soybeans were planted in great batches. First year it rained, flooding New Holland. Second year New Holland was a success. Third year brought a new failure. So it went. Last week Mr. Heckscher's agent exclaimed: "You can't go on with a big project forever if it doesn't pay its way!"

Victory for Hill. "Nothing in connection with my administration of the presidency of your company during the last five years has given me greater pleasure," said George Washington Hill of American

Tobacco when he looked at the pile of proxies to be voted in his favor at the stockholders' meeting last week. No similar pleasure accrued to Stockholder Rich ard Reid Rogers who had attempted to muster a bloc in protest of President Hill's $2,000,000 bonus (TIME, March 23). When balloting time came Dissenter Rog ers saw his candidate for the directorate receive a paltry 11,980 votes out of 2,627,953. Angry, he spoke of carrying on his uphill anti-Hill fight in the courts. Emptier Plates. From a sales volume of $25,000 when it was founded in 1904, McBride Studios, Inc. of Manhattan, grew until last year it did almost a half-million dollars' gross -- one of the largest companies of its kind in the world. Its busi ness: altars, communion railings, statuary, all other marble church accessories. Among its clients were the Vatican, St. Patrick's in New York, St. Paul's Cathedral, St. Paul, Minn., St. Louis Cathedral, St. Louis, Mo. But last week McBride's went into receivership. Explained Presi dent Paul Henry McBride: "People are putting 25 cents into the plate instead of $5."

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