Word: crashing
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Dates: during 1930-1939
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...Federal Trade Commission, has been the electric light & power business. Three years ago the Trade Commission focused attention on the vigorous propaganda work which the National Electric Light Association, controlled by disgraced Samuel Insull, was carrying on in schools and colleges (TIME, Aug. 31, 1931). Later the Insull crash threw into bold relief such practices as the looting of operating companies by holding companies, the publication of misleading financial statements and unscrupulous lobbying carried on by certain N. E. L. A. members...
Naturally, with the yen off gold, boundless State spending has already given Japan the fillip of an "inflation boom" (TIME, Jan. 2). When Japanese bankers mention the inevitable crash to Lieut.-General Araki, or indeed when any fiscal topic is broached to the War Minister, he says quietly, "That is not in my line...
...after Huey Long blustered thus last week, not a big Louisiana bank but the $32,000,000 Union Indemnity group of insurance companies tumbled into receivership-biggest crash in New Orleans for nearly 50 years. They were Huey Long's pet companies. Since his ascendency he has seen to it that Union Indemnity got all state departmental insurance, that it bonded all state employes, all bridge and highway contractors. Most of the group's insurance and bonds were immediately taken over last week by the Aetna group of Hartford, including the $50,000 bonds of Colonel Luke...
...Hawk, N. C. in 1903. Alberto Santos-Dumont first got off the ground with a box-kite type of powered machine in France three years later, rose 20 ft., went 720 ft. in 21 sec. His machine added nothing to plane construction but his cheerful survival of many a crash encouraged European air daring...
...Wiggin has never been known as a hard banker like President William Chapman Potter of Guaranty Trust Co., but he saw to it that his bank was ready for the 1929 stockmarket crash. Last week, in acknowledging Mr. Wiggin's letter, the executive committee revealed that in October 1929, Chase had less than $1,000,000 in brokers' loans. In the week of the panic, while frightened outside lenders were scrambling to call their Stock Exchange loans, Chase expanded its loans $373,000,000. It was National City Bank's Charles Edwin Mitchell, a rampant, bull...