Word: basketeer
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Dates: during 1930-1939
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Whatever they thought of his Untouchable decree, all subjects of the progressive Maharaja of Travancore like his "basket system." Tradition decrees that an Indian subject calling upon his ruler must present a gift and the Nizam of Hyderabad is notorious for extorting enormous sums by this means from his subjects. A subject of the Maharaja of Travancore is met by a servant with a basket containing gifts purchased by the Maharaja for "presentation" to himself. The subject chooses one of these gifts, enters, presents it, and the gift then goes back into the Maharaja's basket to be presented...
...voters got together, called a meeting and selected a set of election officers and by using the candidates' sample ballots quite a number cast their vote. I suppose it will have to go to the wastepaper basket...
...lolloping home from a blaze, the Landon campaign special last week retired in leisurely fashion from New England whither it had gone for the Maine election (TIME, Sept. 21). First, motoring to Nashua, N. H. to board his train, Alf Landon stopped at the roadside to buy a 25? basket of apples, saying tactfully, "I have heard so much about your New England apples." Ignorantly he picked a basket of handsome Gravensteins thereby causing natives, who think their Mclntoshes tastier, to raise their eyebrows...
...Reason behind this sudden change in policy was the new Federal Tax on undistributed profits. Though it is listed on the New York Curb Exchange, only a minor part of Yukon Gold is owned by the public. More than 80% of its shares belong to Pacific Tin Corp., a basket which the Brothers Guggenheim wove in 1928 to hold some of their mining properties. At that time, Pacific Tin took over a debt of some $7,000,000 from Yukon Gold and most of the company's subsequent earnings have been used to pay off Pacific. The new profits...
...railroad equipment industry; in 1932 not one U. S. railroad ordered a single steam locomotive from any of the big three U. S. builders. Most of the equipment companies were well-heeled, and most of them, Baldwin included, had already started keeping a few eggs out of the railroad basket by diversifying products. They knew also that year by year more locomotives and rolling stock were becoming obsolete. They hoped for the day when Recovery would come to the railroads and the railroads, in a hurry, would come to them...