Word: backed
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Dates: during 1920-1929
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...stockholder in the usual industrial concern generally has little difficulty in assuring himself of the tangible properties back of his engraved certificates. A Pennsylvania Railroad stockholder can visit almost any eastern railroad station and watch his stock come clanging in. A Radio Corporation stockholder can hear his stock coming out of any cigar-store loudspeaker. Yet the type of corporation which is the outstanding feature of today's investment world has physical assets consisting chiefly of office equipment. This corporation is the Investment Trust?a company formed to trade in the stocks of other companies, a company whose stock...
...later Stump City was named Gloversville, because of the gloves that the Littauers, father and son, made there. Now Son Littauer, resembling "Old Paul'' von Hindenburg in a quiet way, is retired and lives in Manhattan or at Premium Point, New Rochelle, N. Y. He often goes back to Gloversville, where everybody knows him and likes to say hello...
...doing so, he seemed to have commandeered most of the power of New York. Long lines of policemen snapped their fingers on the crossroads of the theatre district. At 45th Street, 25 policemen held back the North-South cars and pedestrians while the East-West bound passed...
Nineteen centuries of foundered orgy looked up at the hydroairplane which last week waltzed high over Lake Nemi in the Alban hills back of Rome. And Giuseppe Cultrera, Etruscan scholar in the plane,* looked down from the vantage of his flying height through Nemi's waters and could see what none but groping divers theretofore had seen?the sunken Golden Barge whereon epileptic Emperor Caligula?, great-grandson of Augustus, and his minions held their carouses...
...weekly had chosen to honor Bishop Cannon. The Christian Herald, too, trains its cannons against the wets. It prints High-and-dry editorials such as the following: "The Christian Herald is in this Prohibition fight to the finish. . . . The minds of America's younger generation need to be carried back to pre-Prohibition days to insure that they will understand the transformation which the Eighteenth Amendment has wrought." Editor High pays $5 to anyone who will write a brief authentic article revealing the degradation of drunkenness, the benison of Prohibition...