Word: began
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Dates: during 1930-1939
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...April 14th message to Congress the President asked for teamwork between Government and Business. Ambitious SECommissioner John W. Hanes, who last fortnight got RFC interested in carrying industrial inventories, took the idea literally, began rounding up tycoons by long-distance telephone. On the President's desk last week he laid a carefully phrased message from 16 of them.* Excerpt...
...started making door-to-door delivery wagons for butchers and bakers instead of low, fast, flashy cars for racing drivers, and "Bearcats" for college boys. Some of the new commercial models could be driven standing up; even that did not help. Last year the company subsided into 77B, trustees began casting about for reorganization plans acceptable to two-thirds of the creditors. Last week Federal Judge Robert Baltzell gave it up as hopeless, declared Stutz bankrupt...
...another. In 1926 he was so hard-pressed for funds that he hypothecated the funds of his wife's trust fund for a firm loan, subsequently repaid it. In 1929 his brother lent him $500,000. In 1930, same year he became president of the Exchange, Richard Whitney began misusing securities of the New York Yacht Club. By 1931, Depression had nicked him so badly that he used his position as a director of the Corn Exchange Bank to get an unsecured loan from it for $500,000. Morgan-Partner Francis Bartow happened to learn of this and arranged...
...bought a plant for making applejack. The public eagerly took the stock he offered, but did not take to the applejack. Needing funds to promote the company, Dick Whitney got large loans against his Distilled Liquors stock, which once sold as high as $45 a share. When the price began falling, he had to put up more collateral. Not having it, he got some two dozen unsecured loans from friends, then went to his brother George in July 1936 and January 1937, borrowed a total...
...Vienna, Nazis began to purge the 400-year-old Austrian National Library, one of the world's best (1,200,000 volumes), announced that all non-Aryan books would be burned. In Williamstown, Mass., a group of Williams College students, including a grandson of Woodrow Wilson and the editor of the college paper, promptly cabled an offer to buy all the banned books to prevent their being burned. Brooklyn's Borough President Raymond Ingersoll cabled that Brooklyn's public library would be glad to have them, offered to pay transportation costs...