Word: boarded
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Dates: during 1920-1929
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Getting the U. S. out of businesses into which the War forced it has been a task which President Coolidge has set himself. Congress changed the latter, last spring, to facilitate getting the U. S. out of the shipping business, and President Coolidge appointed new men to the Shipping Board-men not enamored of government operation. Since these changes, the Shipping Board has met to consider its duty. Last week it voted to sell the three large merchant fleets remaining under U. S. ownership...
When the vote to sell was made public last week, a Rotterdam bulletin published a report that "the Shipping Board will be dissolved. . . . Bids received . . . have Deen approved...
Studebaker-Pierce-Arrow. The Fierce-Arrow Motor Car Co. of Buffalo, with assets of $24,000,000, has been losing money. The Studebaker Corp. of South Bend, with assets of $135,000,000, has been making tidy profits. Last week, the board of directors of Fierce-Arrow approved the plans of Studebaker for a merger of the two firms; President Myron E. Forbes of Fierce-Arrow called for a meeting of the stockholders on July 25, writing them that it would be for their own good to consent to the plans. No matter how good the product, a large organization...
...plans provide for the creation of a new company to manufacture Fierce-Arrow cars. Studebaker will invest $2,000,000 in this company, but it will not affect the financial structure of Studebaker Corp. President Albert Russel Erskine of Studebaker will be chairman of the board and Mr. Forbes will be president of the new company...
Certain-teed Products Corp. (building materials), and Beaver Board...