Word: factly
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Dates: during 1930-1939
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...favorite thesis of Franklin Roosevelt (a thesis also of his severe critic General Hugh Johnson), is that steel prices have been too high and would have to come down to assist recovery. Neither this oft-reiterated suggestion nor the fact that steel production last December fell as low as 19% of capacity appeared to dent the steelmasters' contention that prices could not be cut without a slash in wages. But Franklin Roosevelt was also explicitly on the record against wage cutting. In the face of reduced sales and mounting losses ($1,292,151 lost in the first quarter...
Franklin Roosevelt's first job was as clerk in the Wall St. law offices of Carter, Ledyard & Milburn, but that firm is prouder of the fact that in its 55 years as counsel to the New York Stock Exchange, it never lost a case. Neither fact, however, moved the Stock Exchange's Acting President William McChesney Martin Jr. and the "Reform" party. Their new brooms are sweeping out the "Old Guards" of ex-President Charles R. Gay who were uncompromising toward SEC. Roland Redmond, senior Carter, Ledyard partner, was a great & good friend of Richard Whitney...
...payroll for life at about $20,000 a year, including the cost of an automobile and other perquisites furnished him. And with an advertising expenditure vastly smaller than its competitors Philip Morris has for five years had the fastest growth of them all. This, Milton Biow lays to the fact that Philip Morris has stuck to one theme and one slogan without switching from one idea to another every few months as do many others. At any rate Philip Morris spent only $908,497 for advertising (exclusive of radio talent) in 1937 as compared with $8,500,000 for Camel...
...examinations-by the Federal Reserve, Federal Deposit Insurance Corp., the Comptroller of the Currency, and the States-bothered bankers was only one of the reasons the Administration wanted them unified. Of more immediate concern was a belief that the various stiff restrictions on bank investments might explain the fact that today U. S. banks have $2,780,000,000 in excess reserves sitting idle. This second idea of Mr. Roosevelt's did not appear until last fortnight. Until then a committee of underlings had been absorbed solely in the technicalities of unifying the existing examinations. Fortnight...
...such level of eloquence and penetration as James's monograph, Author Armstrong's biography is nevertheless written with care and understanding. Her subject is a "natural," and, thanks to the fact that she quotes liberally from Fanny Kemble 's own vivid journals, the result ably suggests the reanimating qualities that inspired James's enthusiasm...