Word: curbed
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Dates: during 1940-1949
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...York Curb Exchange last week lost the first paid president it ever had. It will not get another-at least not for a good long while. Main reason (outside of "economy"'): burly, eupeptic Banker George Peters Rea, 47, has done such a good job that there is virtually no need for a full-time successor, unless & until the biggest job of all-more business-is licked. And it takes more than a paid president to increase trading in stocks & bonds...
When George Rea left the presidency of the Bishop National Bank of Honolulu four years ago to head the Curb, business was terrible and so was the financial condition of the Curb. As he leaves, business is worse (59,600 shares a day v. 130,000 in the first half of 1939), but the Curb as an institution is now eminently solvent, with enough cash to cover its $730,000 mortgage. Annual expenses have been pared more than $400,000. Last year the Curb earned $57,311 before depreciation, v. a $42,285 loss for the Big Board...
...call SEC treatment of Wall Street "mental cruelty"), Banker Rea nonetheless was ahead of the more appeasement-minded Stock Exchange on reforms in line with SEC notions of how an exchange should be run-notably on promptly publicizing and summarily punishing violators of Exchange rules (including a former Curb governor). The Curb also took the lead in buying in Exchange memberships, to give the remaining members a bigger share of what business was left. Already 50 seats (10% of total membership) have been bought out and retired...
Last week rumors increased that Adolf Hitler had threatened to replace Pierre Laval, who has not been able to curb French resistance, with Jacques Doriot...
...only will his teaching entail an easing of his retirement but will necessitate his breaking a long-standing personal tradition by addressing an audience of women for the first time. He has not promised to curb his vehement chastising of hat-wearing or newspaper-reading during his lectures, and it is presumed that his classes will be as colorful as they are traditionally painted...