Word: boarding
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Dates: during 1930-1939
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...enough Springfield rifles at home, had to turn to European suppliers. Important in industrial as well as military mobilization is a Selective Draft Act prepared for passage on M Day. Key provision so far as U. S. industry and labor are affected is a section authorizing draft boards to "exempt" any designated civilian from military service. In practice, this would mean not exemption but civilian service wherever the War Department thinks the citizen should be, would prevent a shortage of skilled labor and executive personnel in vital industries and areas. The Social Security Board's list of some...
...concerned regulation had only begun. After three years on the SEC in lesser jobs, Chairman Douglas was all too familiar with the Exchange's standard method of passing the buck. Under the influence of Richard Whitney, no longer president but still boss of the board of governors' Old Guard majority, the Exchange would agree to any reform that was suggested, then evade it on a technicality. With typical boldness, Douglas decided that his best defense against the Exchange's kick was an offense: he bluntly offered it a choice between self-reform or SEC's taking...
Symbol. Bill Douglas says that even without the Whitney scandal, the day had been carried. But the Whitney affair washed the slate clean. All resistance broken, the Exchange voted immediately for reorganization and for a new board of governors which included not a single Old Guarder, not even much-maligned Charles...
Bill Martin had not been conspicuous enough to irk the Old Guard, had simultaneously earned the warm regard of liberals by his solid good sense, extraordinary knowledge. Obvious choice for chairman of the new board, he soon became the obvious choice for president. At first it was planned to give this vital job to some high-powered bigwig. But as the new management completed the reorganization, it became apparent that no better symbol of the new day in Wall Street could be found than 31-year-old Bill Martin. Six weeks...
...startled the Exchange first by leaving the door of his tawny-paneled office open to anyone who wanted to see him-a change from the days when Richard Whitney sat there in regal isolation. He irked crusty conservatives by letting photographers attend his first board meeting and also take pictures on the floor during trading hours. But chiefly he astonishes his broker associates by eating at the Automat, living at the Yale Club, spurning an automobile as too expensive, preferring to study or sit in a theatre balcony to splurging at some swank Long Island resort...