Word: englander
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Dates: during 1930-1939
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...began fruitlessly bidding against one another, the Morgans became central purchasing agent to the Allies, and Morgan Partner Edward R. Stettinius (whose Son Edward was to become chairman of U. S. Steel 21 years later) bought $3,000,000,000 worth of U. S. goods for shipment to England and France...
...loan of October 1915 a group of American bankers headed by the House of Morgan made $9,000,000 on the spread between the purchase price (96) and the selling price (98). Of this sum the Morgan firm received $66,000. From its 1% commission as purchasing agent for England and France Morgan & Co. got $30,000,000. All that ended when the U. S. entered the War, when Davison became chairman of the Red Cross War Council, and Stettinius became second assistant Secretary of War, when the U. S. Treasury took over the job of Allied banker...
...Cowes is not only for aristocrats. By ferry and excursion steamer sporting England flocked to the Isle of Wight last week. What they came to see this year was the yachting duel between Thomas Octave Murdoch Sopwith, Britain's No. 1 yachtsman, and Harold Stirling Vanderbilt, the American upstart who trounced him in U. S. waters in two challenges for the America's Cup (1934 and 1937). This year both were racing twelve-metre boats (half the size of Cup boats). Along the Esplanade as well as within the Royal Yacht Squadron gates, the No. 1 controversy...
When Skipper Vanderbilt landed in England last June for his first racing in British waters, 50,000 British yachtsmen chuckled. The tricky tidal currents, blustering winds and close-to-shore courses, were quite different from U. S. racing. But, to their dismay, Skipper Vanderbilt caught on quickly, won twelve of the 17 races in which he started this summer. Last week's regatta, climax of the season, was Britain's last chance to recover its lost prestige...
...seconds, in the third by seven minutes, in the fourth by 51 seconds, in the fifth by eight minutes. When the flags came down at sunset on the last day of Cowes Week, Vanderbilt and his Vim were awarded the International Challenge Cup, No. 1 trophy of England's No. 1 regatta...