Word: authorative
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Dates: during 1930-1939
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...picture painted for the 15,000,000 current U. S. investors by Author Reis is as disheartening as that which a 1933 book 100,000,000 Guinea Pigs painted for purchasers of a long list of U. S. advertised products. Mr. Reis's basic point is that, though the public assumes the New Deal has made U. S. banking and finance safe for the small investor, nothing of the sort has yet taken place. After long, sorry rehearsals of fiscal crimes committed "rider the Old Deal, he delivers this warning cry: "It is imperative that the investor rid himself...
...Author Reis offers a remedy. He does not name it but it might well be styled "Investors' Research" after Consumers' Re-search for which Mr. Reis was secretary-treasurer in 1932-33. His plan is to form a national organization with dues assessed to individual security owners according to their holdings. A paid staff of lawyers, accountants and financial experts would analyze and evaluate new issues as applications were made to the SEC for listings.* Investors' Research would not only issue confidential bulletins to members but they would attend stockholders' and bondholders' meetings, play watchdog...
Reminded of the large sums which U. S. investment trusts spend annually in their research departments, Author Reis believes non-profit organizations can operate more cheaply; colleges and universities will help a non-profit project; Investors' Research would not worry about day to day market fluctuations, merely report whether securities were safe investments. Analogous to Investors' Research is the 64-year-old British Corporation of Foreign Bondholders. "But that's a little organization for big investors," says Author Reis. "What we need is a big organization for little investors...
...Bronson Alcott? Few U. S. memories are long enough to answer. Fifty years ago a name to conjure with, he is known now, if at all. as the father of Louisa May Alcott, best-selling author (Little Women, Little Men). It is Biographer Shepard's well-presented thesis that Bronson Alcott is one of America's almost-forgotten great men. An ably-written, authoritative book, Pedlar's Progress deserves every penny of its $5,000 prize (Little, Brown Centenary), will fit snugly on the same shelf with Van Wyck Brooks's The Flowering of New England...
...East Side public school, thought his classmates "a pretty decent bunch." Meeting them again ten years later, he wondered "what had turned the kids I'd played with into these sharp little wise guys . . . what had happened to Kipling?" I Can Get It for You Wholesale, Author Weidman's first novel, partly answers his question. The East Side Jews he writes about with such authority are almost enough to tie an old-fashioned U. S. stomach into Nazi knots. Manhattanites who brush elbows every day with loud, cheap slickers like Author Weidman's hero, who tells...