Word: firsts
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Dates: during 1920-1929
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...most interesting. I was surprised to learn that such intelligent and progressive people still do such apparently silly things, tho, of course, I had heard that the British were, or seemed ta be, quite fond of things ceremonious and ritualistic. However, I won't laugh at them now. First, let British readers suggest some things which U. S. people (I know of no other adequate term for inhabitants of U.S.A., and always hope TIME will coin one) do which seem equally as foolish to the British. Of course Prohibition will be one, but there must be others...
With President Hoover he went to an American Legion baseball game, hurried back to his desk after the first inning to search for a new Chief of Engineers. He sat in on a War Council meeting at which the Army's 1931 budget estimates were mulled over. He prodded General Charles Pelot Summerall along on the General Staff's investigation of Army costs, was disappointed to learn that the inquiry would not be completed before November. He dissolved five infantry battalions and transferred their 1,960 men into the growing Air Corps. He untangled a badly snarled wharf problem...
...romantic details: the side overlooking Central Park will consist of a 30-story, 1,200-room apartment hotel to be operated by "one of the most famous hostelries of Paris." The frontage on Broadway will consist of a 65-story office building. The first three floors of the latter will be occupied by stores and showrooms of French shops and industries...
Since Raskob's Rule came from a motor-maker, quidnuncs laughingly pointed to automobile stocks as they studied belated earnings reports for the first six months of 1929. Though many another stock was up to 20, 25 and even 30 times earnings, only three prominent motor stocks were selling at "15 times" or more. Many were below the ten times ratio even in the bull market of 1929. The following table shows recent prices of a number of representative automobile stocks and the price they would command at "15 times" according to first-six-months reports...
Died. Winthrop Saltonstall Scudder, 83, of Manhattan and Cambridge, Mass., longtime art editor for Houghton Mifflin Co. (book publishers); in Manhattan. Mr. Scudder was an original member of the Oneida Football Club, first in the U. S., which played its first game on Boston Common in 1862* and was never beaten, never scored upon...