Word: failings
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Dates: during 1930-1939
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...stockmarket during the past month deeply perplexed and dismayed Republican leaders, long accustomed to campaigning on the crest of a bull market. They had seen President Coolidge boom stock prices with White House statements. They had seen President Hoover's more subtle attempts to do the same thing fail. Nothing the Government did or said seemed able to brake the downward slide of values...
...have certainly prospered under protection and I have seen the prophecies of free traders so utterly fail of fulfillment during the last 30 years that I am inclined to treat the matter as one of expediency purely." This was exactly the way the leaders of all three of Britain's parties treated the issue last week. As a matter of expediency, David Lloyd George came out for neither free trade nor protection in a100-minute speech before the annual conference of his free trade Liberal party at Torquay...
...House, the Democrats must take 53 seats from Republicans. Even if they fail to make this full gain necessary to organize the chamber and elect their own Speaker (it would be John Nance Garner of Texas), they may achieve practical control of House affairs with the aid of about 15 Wisconsin and other Republican insurgents. Many a Republican leader considers such an eventuality as worse than an outright Democratic victory. Particularly sensitive to the possibility is the man who would then be presiding over a House that would be Republican in responsibility but Democratic-Insurgent in power and practice...
Certain over-zealous patriots are the unfortunate dupes of the situation. They fail to realize that the truth of the occurrences on every evening of the convention has been hidden by politician and press alike. The fact remains that the newspaper reports written at the time of the convention differ widely from the soft-pedaled versions which denied the same facts afterwards. And no newspaper had either the courage or freedom enough to speak the truth editorially...
...Monday, Wall Street was flooded with rumors that a house would fail. Tuesday morning stories of pending insolvencies were thicker, more persistent. At 1:30 President Richard Whitney mounted the rostrum of the Exchange. Trading was supplanted by a tense silence. Then an excited roar greeted the announcement that J. A. Sisto & Co. Inc. were unable to meet their engagements. Selling pressure increased. By the close of the market 34% of the common stocks listed were at least 20% below their old 1929 bottoms, while 59% touched or dipped under that level...