Word: douglases
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Dates: during 1930-1939
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The Apostle of Social Credit is British Major Clifford Hugh Douglas. The Douglas economic organization is a federal credit system in which the state supervises production and distribution and compensates for the differential between production and consumption by issuing money against the state's natural resources. Three years ago...
DC-4. Same afternoon in Santa Monica, Calif., the biggest U. S. land plane ever built, Douglas Aircraft's 32¼-ton, 42-passenger DC-4 had its first trial flight. Day before it had been close to disaster, when one of its massive doughnut tires sprang a leak...
This day all three tires of the new-fangled tricycle, or nosewheel, landing gear were firm.† DC-4 glistened in the sun, its four 1.400 horsepower motors thumping idly. In climbed Pilot Carl Cover. The great ship surged forward, took off in less than twelve seconds. On the ground...
¶. Declared a truce with Wall Street. SEC Chairman William O. Douglas announced in Manhattan: "The day of the crackdown on Wall Street is over. . . . The prosperity of the New York Stock Exchange is not incompatible with the national welfare." As a basis for further reform by the Exchange, Chairman...
¶ Worked closer to a truce with the utility industry. First, Mr. Douglas and five utility magnates, headed by James F. Fogarty, president of North American Co., discussed the question of whether the Public Utility Holding Company Act of 1935 needed any revision. Mr. Douglas said no; the magnates said...