Word: dealing
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Dates: during 1930-1939
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Once a conservative who believed that democracy had been a dismal failure, Editor Agar swung leftward with Roosevelt. His recent books are pious, eloquent, Democratic; his syndicated column, Time and Tide, has a resolutely New Deal aura. He takes his seat in Marse Henry's vacant office next January, at the close of a current lecture tour...
...European politicos a 70% reduction in German reparations, and who was now & then mentioned for the U. S. Presidency as a public-minded businessman. Likewise it was a fine thing for G.E. to have Gerard Swope for president, because though he concentrated on operations, he went about a good deal, was on any number of boards and committees in Washington. To become such public figures G.E.'s new heads, unknown to the public, will have a long...
...rescue last week came Northeastern Timber Marketing Association in a deal without precedent. For the sum of $14,400,000, the association agreed to take the entire 600,000,000 feet (95% white pine) off the Government's hands. It agreed to pay an average price of $24 a thousand board feet, to put up a $750,000 bond and $100,000 cash by Dec. i, to pay off in $800,000 quarterly payments over the next four and a half years. Limited to a profit of 20%, the association must split anything above that with the Government, which...
Sparkplug of the deal is a softspoken, balding Detroit lumber wholesaler named Herman I Hymans, who has never before nosed into politics. Originally he wanted to buy only 100,000,000 feet of the hurricane timber, was afraid that if he did the market price would go to pot when the Government began selling. Northeastern Association was the solution. To keep it out of the monopoly class, the Government insisted that it be a cooperative with at least 30 members. Last week, with a Delaware incorporation and Manhattan offices, it began soliciting more members...
According to Professor Raymond Moley, the New Deal mounted its economic horse and rode off in all directions about the time accordion-pumping Tommy Corcoran usurped the role of FDR enchanter previously played by guitar-plucking Will Woodin of American Car & Foundry. Woodin economy soon was forgotten, Woodin himself died, but left behind in the Treasury was an American Car & Foundry alumnus, Walter Joseph Cummings. Last week Mr. Cummings was conspicuous for a second time in recent years...