Word: backing
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Dates: during 1930-1939
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...modern Sisyphus in a special kind of New Deal Hell: endlessly rolling a Business boulder up a WPA hill built too steep by Federal spending, sown too thickly with SEC hazards, watered so heavily with Federal supervision that the boulder continually slips out of his hands and rolls back into Depression...
...count on Midvale to keep their company from bogging down in depression, they cannot count on Midvale to do more than help Baldwin break even on its huge capacities (as it is barely doing now). Prosperity for Baldwin still depends on when U. S. railroad buying will come back...
Eighteen months ago the trust-busting division of the Department of Justice got its ears pinned back by crusty Federal Judge Ferdinand A. Geiger. When he found out that the Department was quietly discussing a consent decree with big finance companies and automobile manufacturers while a grand jury at Milwaukee was mailing an anti-trust investigation of motormakers' financing relationships, he denounced such shenanigans, summarily discharged the grand jury...
There are two fundamentally different kinds of businessmen. One kind meets trade recessions by keeping his prices high, letting his goods gather dust on the shelves, laying off his employes, arid concentrating his efforts on hoping business will come back. The other takes the risk of cutting his prices, and often succeeds in wooing back vanishing trade, while he keeps his employes on the job, his goods in circulation, his ledgers in the black. To the first school the Eastern railroads of the U. S. (except for Daniel Willard's Baltimore & Ohio) have largely adhered through Depression...
...with Tory indiscriminately and rib all sides unmercifully. He had a positive distaste for money. Once a friend deposited $1,000,000 to his account, told him to keep what he could make with it. Having a million worried Alex Gumberg so much that he finally gave it back. Of Alex Gumberg, Judge Thacher said last week...