Word: farming
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Dates: during 1950-1959
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Getting Some Air. At week's end, with no Soviet attack materializing out of the intelligence jigsaw puzzle, the President ducked out of the White House for a breather. In his twin-engined Aero Commander he flew to his farm at Gettysburg, donned a brown-and-black-checked cap, a hip-length windbreaker and heavy leather boots, and puttered about in the crisp fall weather "to get some air." Happily he inspected his 20 head of cattle and chatted with the neighbors who accompanied him. ("She's a pip! . . . We ought to hold on to that...
...election of Republican Old Guardsman Chapman Revercomb to the U.S. Senate and of Republican Cecil Underwood, a party comer at 34, as governor (Democratic House Incumbent M. G. Burnside lost to Republican Will Neal partly because the Democratic administration messed up a garbage-hauling contract). In the Great Plains, farm unrest caused the defeat of Republican House incumbents in South Dakota and Montana...
...million U.S. car owners who already spend $3 billion yearly on auto liability insurance will soon have to pay about $400 million more. Speaking for three of the biggest casualty companies-State Farm Mutual, Allstate. Nationwide Mutual-General Manager Vestal Lemmon of the National Association of Independent Insurers said: "Before the end of the year the western half of the country will see substantial increases. It may be the second quarter of 1957 before they get to the eastern areas." Another top rate-making group, the National Bureau of Casualty Underwriters (Aetna Casualty, Travelers, U.S. Fidelity & Guaranty), had already tipped...
...companies say that very few of them are making money this year. In 1956, despite an overall premium increase, the companies are heading into the red. State Farm Mutual, No. 1 U.S. auto insurance company (4,600,000 policies) expects to wind up with a $7 million to $10 million operating loss (v. a 1955 underwriting profit of $14.8 million); Allstate (Sears, Roebuck), just broke even in the first half of 1956 (v. an $11 million underwriting profit last year...
...metal now involves large molded panels with sculptured lights. The bumper that cost $5 in 1940 now costs $20. In the good old days of divided windshields, the company could put in a new unit for $25. Adjusters expect the 1957 wraparound type will cost around $125. State Farm Vice President Thomas Morrill says that windshield replacements account for about 50% of claims filed under comprehensive policies, adds: "Many people, as soon as they get a little nick in the windshield, rush out and get a new one. There are a lot of nicks in windshields these days...