Word: costs
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Dates: during 1930-1939
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...cost setup, with Correspondent John Steele the only staff man abroad, Chicago Tribune's Sigrid Schultz on retainer in Berlin, Waverly Root in Paris, English Newsman Patrick Maitland on tap in Warsaw. At home plate virtually the whole team is clear and quick-thinking, war-trained Commentator Raymond Gram Swing, who has been eating, sleeping, reading, listening, broadcasting round the clock in a 24th floor office of WOR on Broadway...
...economic, industrial, civic and educational conditions." Three years ago that well-heeled foundation slipped the leashes of two able fact-finders, Paul W. Stewart and J. Frederick Dewhurst, told them to make some sense out of the U. S.'s distribution machinery. Result (published last week): Does Distribution Cost Too Much, a survey which, but for war, might last week have been the biggest news to U. S. business. Its prime conclusions...
...Between 1870 and 1930, efficiency (volume of goods per worker) in production trebled but efficiency in distribution sat still, and a quarter of the country's workers were shifted from production to distribution. While U. S. businessmen goggled at the cost-saving possibilities of automatic machinery and scientific mass production, they let distribution grow into a vast, unscientific mushroom. Pennies snipped from production cost climbed back onto the cost of getting goods to the consumer...
...cents out of every dollar paid by consumers for finished goods." The research done, ten economic bigwigs were asked to confer, formulate a "program of action." They nibbled like scared mice at the big cheese of distribution, recommended: strict accuracy in labeling and advertising, consumer education, commodity research, careful cost analysis of distribution industries. To meet increasingly costly conveniences offered by retailers (credit, free delivery, Smith girls behind the counter, swank salesrooms, return privileges), they suggested "differential pricing," by which an article would have several prices, according to the number of these conveniences a consumer wanted to pay for. Judged...
...largest in the country. His wife's jewels were valued at $100,000 "at the very least." One Indian prince granted Clive $150,000 a year. Said witty Horace Walpole: "If a beggar asks charity, he says: 'Friend, I have no small brilliants about me.'" The cost of living, Walpole added, rose immediately when Clive returned. Not everybody was amused. Investigated by Parliament, Clive defended his greed: "Mr. Chairman, at this moment I stand astonished at my own moderation! . . . an opulent city lay at my mercy; its richest bankers bid against each other for my smiles...