Word: americans
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Dates: during 1950-1959
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Died. Rex Smith, 58, world-roving, hard-living journalist and author; onetime (1937-41) editor of Newsweek, where he revamped editorial policy, helped push circulation from 190,000 to 450,000; editor of the Chicago Sun (1941-42); Vice President of American Airlines in charge of Public Relations (1946-58); of cancer; in Manhattan...
Died. Edgar Landon Apperson, 89, auto industry pioneer, who built one of the world's first cars; in Phoenix, Ariz. In 1893 Apperson put together his first car in a little shop in Kokomo, Ind., later produced annually 1,500 cars (called Jackrabbits), prophesied in 1943: "When the American people are willing to sacrifice showing off, they'll get a lighter car built of light materials that will be cheaper...
...presidents of both the New York Exchange and the American Stock Exchange denied that stocks were booming on borrowed money. Said the New York Stock Exchange's G. Keith Funston: "There is no evidence of excessive use of credit in the market...
...Teapot Dome scandal of the 1920s, Sinclair went to jail for six months for contempt of court and the Senate. Doheny was acquitted of charges to defraud the Government and sold control of his Pan American Petroleum & Transport Co. holdings to Standard of Indiana. The ironic aftermath: instead of producing 130 million bbl. as the U.S. had predicted, Teapot Dome depleted itself after...
...cargo business, which under established Government policy should go to commercial carriers. The airlines worry that jet passenger transports will be but the first step in converting MATS' $1.2 billion fleet of aircraft into a $3 billion jet operation that will take away even more commercial business. Pan American World Airways is postponing its decision to buy new cargo jets until it finds out whether it must compete against a MATS jet fleet...