Word: chairman
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Dates: during 1930-1939
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...chief symbol of eminence. Metropolitan box holders have begun to dodge their assessments. Last week the fact-facing news came out that the real-estate company is feeling the pinch, may face liquidation. So said its President Robert S. Brewster in a letter to the Opera Association's Chairman Cornelius Newton Bliss. In reply, the Association (which has a lease for next season) asked for an option on the opera house for $1,500,000 (one-third cash). Should the option contract be approved by the box holders, the Metropolitan would once more publicly pass...
Hearing that Democratic Chairman James Aloysius Farley, GOP Chairman John D. M. Hamilton, Liberty Leaguer Jouett Shouse, Stiff-necked Democratic Senator Joseph O'Mahoney, Republican Congressman Ham Fish and John and Anna Roosevelt were all sailing for Europe on the same ship, Franklin D. Roosevelt remarked : "That will be a great boatload," observed that if someone didn't get thrown overboard before the ship reached Southampton he would miss a guess. It would not, he predicted, be Jim Farley...
Curtain's Fall. In 1933 smart, aggressive Harvard-man Dave Lilienthal, who had been fighting the ogre of private ownership as a member of the Wisconsin utility commission, took over TVA. Member of a three-man board, he dominated it from the start, became chairman two years ago when old Arthur Ernest Morgan, onetime president of Antioch (work-learn) College, was fired after a spectacular battle against Lilienthal policies. From the start utilitymen never doubted that Dave Lilienthal intended to run every private utility out of the Tennessee Valley...
...pleasant picture of dollars on relief was the annual report last fortnight of Federal Deposit Insurance Corp. Chairman Leo T. Crowley. FDIC's own figures looked good enough at first glance. In five years the corporation has had to pay out $21,000,000 to cover expenses and to make good average losses of 16% of the deposits of 252 insured banks that closed or were taken over. Meantime FDIC has taken in $167,400,000 ($124,200,000 of it from ½ of 1% assessments on bank deposits, $43,200,000 from its investments and profits). Result: FDIC...
...this surplus is no comfort to Chairman Crowley. He wrote an indictment of the present state of the U. S. banking business: for 75 years the ratio of bank capital to assets and to deposits has declined. Now the number of banker-owned dollars which protect the public's deposit dollars is at a new low-about...