Word: commoner
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Dates: during 1930-1939
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There are times when the President of the U. S. has to defer most serious matters because he has a common cold. Last week was such a time for Franklin Roosevelt. He took the case out of the hands of his physician, Rear Admiral Ross Mclntire, and downed a big dose of castor oil. "Make it short, boys," was his plea at his subsequent press conference. But before the cold took hold, he devoted a press conference to Taxes and Economy. Said...
...great majority of people appear to believe*. . . that business confidence would be restored if the Budget were balanced and that the spurt of economic activity that would result would accomplish our common aim of recovery...
...they embarked on their investigation of appointment and tenure in May of 1937. Not only because of the tremendous size of the undertaking. But also because they were required to hand down a verdict on the hopes and fears of men with whom they no longer had anything in common. They, the judges, were famed professors, secure in position and reputation, and peculiarly exposed to conservatism. The young instructors before the bar were strugglers in a morass of uncertainty and ignorance about the future...
...more than a year Manhattan's Guaranty Trust Co. has been smoothly squelching Financier Robert Young in a spectacular battle for control of the rich Chesapeake & Ohio Ry. (TIME, April 25 et seq.). Robert Young controlled the common stock of Alleghany Corp., top holding company of the oldtime Van Sweringen railroad domain. But Guaranty was trustee for three Alleghany bond issues under an indenture which specified that whenever the collateral (including Alleghany's C. & O. holdings) behind them fell below 150% of their face value, the bank could impound it. When the collateral so fell, the bank impounded...
...true that Louis XVI's ministers wore a trench to his door. "This Morning," runs a typical entry, "employ myself in preparing a Form of Government for this Country." He was mistaken in his methods, blinded by vanity and ignorance of the French common people. But Morris' Monarchist sympathies were far from enthusiastic...