Word: fiascos
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Rubber. The easing of the rubber shortage was itself an ironic triumph for chemurgy. Synthetic rubber tires, with almost all their rubber derived from alcohol, are now rolling into service. Yet the greatest fiasco of the chemurgic movement had been the 1937 investment of $275,000 of Chemical Foundation funds in a 10,000-gallon-a-day alcohol plant of the Atchison Agrol Co. at Atchison, Kans. This was an effort to introduce a motor fuel containing 10% alcohol. It was successful in using surplus grain but unsuccessful in competition with gasoline, and closed after a year. Today the plant...
Congress, with its obstructionist tactics, is shamefully delaying the only important piece of war legislation brought before it during the last few months. Pre-election jitters are excusable: post-election oats-feeling can hamstring the whole wartime program. The Poll Tax fizzle and the War Powers fiasco leave Congress with two strikes against it. In most leagues a count like that puts the batter on the spot...
...Fetish of 2%. This fiasco was the result not of any weakness in the Government's credit but of the Treasury's stubborn amateurishness. Most bankers agreed that the offering would have been a success if it had consisted of 2¼% bonds of 12 to 14 years maturity, but the Treasury brushed aside their advice. More than that, unlike Mr. Mellon, who confessed to his error when he misjudged the market, Mr. Morgenthau stuck to his dignity, put on a little homily on 2% financing...
...stamps and bonds go on sale again this week for the first time since last summer's disappointing and disgraceful fiasco when undergraduates gave an expert demonstration of "Too Little and Too Late." It is hard to believe that students here are less concerned about the war than Princetonians or Elis, but unfortunately, that must be considered a part of the story. There is no need to go into either the Economics A nor the Archibald MacLeish arguments for the purchase of government securities. They are well known and convincing enough to all. Everyone from the announcers for the soap...
...went hysterical over saving waste paper and immediately were advised to quit and send it to the dump. We sacrificed much usable aluminum on a like drive, only to find that it was not suitable for airplanes. We had the tin-can bungle and the canceled postage-stamp fiasco. These panicky and snap drives have plainly got the people dubious on Washington advice...