Word: crashing
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Dates: during 1930-1939
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Weatherman Colton's crash made citizens conscious of a new profession. Before airplanes, kites and balloons took weather recording instruments aloft in out-of-the-way places. But kites require wind, balloons not too much wind; both are unusable in bad weather; both have been scrapped except for one kite-station in Ellendale, N. Dak. In July 1931, Weather Bureau stations in Chicago, Cleveland and Dallas let the first U. S. contracts to aviators for weather observation. Omaha and Atlanta have been added to the list. A weather plane goes up once a week in Fairbanks, Alaska...
...Mitchell is the ideal modern bank executive."-Carlton A. Shively, Financial Editor of the New York Sun, May 1929.* "Mitchell more than any 50 men is responsible for this stock crash."-U. S. Senator Carter Glass, November...
...That National City loaned $2,400,000 to a score of its own officers to help them carry their stock (largely National City) after the crash, that only 5% of these loans have since been repaid...
...Senate, through a subcommittee of its Banking & Currency Committee, last week got around to investigating the Insull crash, as part of a general inquiry into the stockmarket aspect of the Depression. So slow had the Senators been that the Press had jibed about investigating the investigators. Lawyer Ferdinand Pecora, longtime assistant New York District Attorney, was the Senators' counsel. Prize exhibit of the week's hearings was Samuel Insull Jr., whose father and uncle fled the country when their towers toppled. Short, spectacled, with a smile and spirit markedly like his cockney-born father's, Insull...
...George Henry Howard of United Corp. when they were both public utility lawyers. Starting with $40,000 capital, they were extraordinarily successful. Their friends came trooping in. By 1929 a total investment of about $850,000 had been shrewdly rolled up to $6,000,000. Just before the stockmarket crash they sold additional stock to the public. But unlike almost every other investment trust they kept this new capital in cash. In time smart President Odium, now only 40. was able to begin buying up other investment trusts which no one wanted, when their stocks were selling far below liquidating...