Word: branch
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Dates: during 1930-1939
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...Anderson declares further that this country in no way produces more than it can consume when production in every branch of industry is roughly proportional to the needs of the community. Under present conditions of heedless individual overproduction, however, a foreign market is necessary to restore the balance. Yet despite this fact, exorbitant tariff rates were passed in 1922 and 1930, with the result that in order for Europe to buy American goods, there have been a series of increasing foreign loans. Now that these loans have ecased trade is at a standstill, and while the tariffs remain, Europe cannot...
...Federal Reserve credit for speculation will be toyed with. Advertisement of stocks and bonds sold in interstate commerce will carry sworn data as to promoters' bonuses, commissions, invested principal and interest of sellers. Stock exchanges will not suffer. (Only really important change in the banking system is state-wide branch banking which may be put through the "lame duck" session...
...Gibson, chairman for the second year of New York City's Emergency Unemployment Relief Committee, formally opened its $15,000,000 drive. His business & professional sub-committees working smoothly. Chairman Gibson went home to his Long Island estate, rode out on a foxhunt, collided with a hanging tree branch. Blood streaming down his face, he hurried to a physician, had the wound stitched up, finished the hunt...
Last week the following were news: Frederick Henry Bedford Jr. was elected president of Standard Alcohol Co., a new concern formed to handle Standard Oil Co. of New Jersey's manufacture of alcohol from petroleum. This branch of Standard's business was previously the subject of litigation with Petroleum Chemical Corp., owned by National Distillers and Barnsdall Corp- Now Petroleum Chemical Corp. will have a large stock interest in Standard Alcohol, settling the suits. Mr. Bedford is a director of Standard Oil Co. (New Jersey). His father was vice president of the company in charge of its lubrication...
...other semi-final debate last Thursday evening, in the final round of the competition. Regardless of the outcome of this argument, the two Clubs will share the prize of $500, which is awarded to the two groups reaching the final round. The topic to be discussed deals with the branch of property law involving "future interests." The judges have not yet been selected...