Word: curbings
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Dates: during 1930-1939
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...supplied only from abroad. At week's end the brightest spot on the Loyalist horizon was Paris. There the executive committee of Premier Edouard Daladier's Radical Socialist Party-without whose support he cannot remain in power-passed with only one dissenting vote a resolution asking a curb on Italian aid for Generalissimo Franco. The French General Staff has long viewed with misgivings the establishment of a Fascist power on France's southern frontier. There were signs that to "neutralize' Italian aid to Franco the French might unseal the Spanish frontier and allow military equipment...
...great drama has at least one subplot. Main plot in the dramatic reform of the U. S. market place reached its climax when the New York Stock Exchange reorganized. Last week the subplot reached its climax as the nation's second biggest securities market, the New York Curb Exchange, finally produced a thoroughgoing plan of reorganization. This followed a behind-the-scenes fencing series much like that which occurred behind the Big Board...
...Curb the reform element was headed by an E. A. Pierce & Co. partner named Jerome Chester Cuppia, who, although he still sports the waxed mustache of the '90s, is in 1938 a member of more exchanges (14) than anyone else in the U. S. Way back in 1930 Jerry Cuppia suggested a paid president for the Curb, but he might as well have proposed to move the Curb back outdoors. His continued pressure for reform finally got him in so bad with the Old Guard that it blocked his re-election as a governor early this year...
...Mathey & Co., Theodore V. D. Berdell of Berdell Brothers. Eventually the Old Guard permitted the appointment of a committee to investigate reorganization. The hollowness of the committee's proposal was echoed by the silence with which SEC Chairman William O. Douglas met it. Furthermore, it outraged many a Curb member with the suggestion that any who also belonged to the Big Board or were associated with a member be penalized...
Last week the reformers finally forced the Old Guard to capitulate and offered a plan genuinely patterned on that devised by the Conway Committee for the Big Board, including paid president, public representation, democratic committee rule. This time SEC Chairman Douglas commented: "Forthright and realistic." Curb members, who are voting officially this week, showed their sentiments by accepting the plan 275-to-1 in a straw poll which was still incomplete at week...