Word: cottons
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Dates: during 1920-1929
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...goods, he must supervise their manufacture. So when he could not buy products that reached his standard, he made them himself. At Zion City, Ill., he got John Alexander Bowie's disciples to make lace for him. To the Virginia-North Carolina boundary he brought mountaineers to weave cotton and woolen fabrics in mills he built. His buyers bought at first hand in Europe, Africa, Asia, as well as in the Americas. In effect, he created a "vertical" business for his company by controlling raw material, manufacture and sale. No other retail business has done this so thoroughly...
Died. George H. McFadden, 79, for half a century the "guiding spirit of U. S. cotton trade"; in Philadelphia. The New York Cotton Exchange closed for two minutes in memoriam...
...Senator Joseph T. Robinson of Arkansas, Democratic leader of the Senate, rushed to the White House with alarm on his lips. Cotton had dropped 40 to 50 points (TIME, Oct. 4), following the publication of the Department of Agriculture's estimate of a superabundant crop. Forthwith, President Coolidge announced that the Farm Labor Board would extend a $30,000,000 credit to co-operative marketing associations which had been hit by the slump in cotton prices. The next day, the President appointed Secretaries Mellon, Hoover, Jardine and Eugene Meyer Jr., Managing Director of the War Finance Corp...
Other folks lose their resistance- in unhygienic surroundings, from exhaustive work (athletics included), from dusty occupations (mining, ash dumping, cotton handling, grinding, polishing), from unrelated diseases, from mental depression...
...holdings were enormous. Singlehanded he prevented a real estate slump by buying lots for what he thought they were worth, at a price above the asking." When, in 1914, cotton went to four cents a pound, he worked hundreds of builders day and night to put up a 44-acre warehouse. Then he signed full-page advertisements in the press saying that he would lend six cents a pound on every pound of cotton stored in his warehouse. His storage charge was ludicrously low; his insurance rate lower than any other storehouse in the world. Millions of dollars' worth...