Word: dec
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Dates: during 1930-1939
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Until an illiterate Russian coal miner named Alexei Stakhanov developed the "speedup" technique which made him dear to Five-Year Plan officials and brought orders from Joseph Stalin that workers throughout Russia must increase their output (TIME, Dec. 16), the most favored Soviet class was the Young Communists for whom nothing in Russia was supposed to be too good...
Appointed. Paul Fessenden Cruikshank, 37, founder and headmaster of Romford School (Washington, Conn.); to succeed Horace Button Taft, 74, as headmaster of Taft School (TIME, Dec. 31); in Watertown, Conn...
...Government objected to combination of air transport companies with makers of planes and engines. United Aircraft makes Pratt & Whitney engines, Hamilton propellers, Corsair military planes, Sikorsky amphibians. Good customer is Pan American Airways, for whom United Aircraft built the Sikorsky China Clipper flying the new transpacific route (TIME, Dec. 2). Earning 21? a share United Aircraft sold last week at $30, about 143 times earnings...
...newsworthy publicity. Union & New Haven (Conn.) Trust Co. began publishing a monthly called A Pepys Diary of Banking, a day-by-day account of the institution's routine. Sample entry: "Regular meeting of the trust committee. The Trust Company's own bond account reviewed; market value on Dec. 31, 1935 substantially exceeded book value. . . . Purchases and sales of more than 100 items of securities for 48 trust accounts approved." Another entry: "Temperature zero. Practically no one seemed in the mood to visit the bank today; lobbies quiet...
Declared Verner W. Main, a Michigan Republican elected to the House last year with the aid of local Townsendites (TIME, Dec. 30) : "I am in favor of the investigation but I don't think we ought to spend $25,000 or $50,000 cutting down a beanstalk to see why Jack doesn't fall. . . . You are attempting to do that which Canute of old failed to do, when he made his futile gesture of commanding the ocean to recede...