Word: generalization
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Dates: during 1930-1939
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...business and has been smart enough to carry on as Electro-Motive's president, explains: each oil-burning Diesel switcher brings its purchaser an average yearly operating saving of about $17,000. Sour-grapes reason given by Hamilton's competitors: with the amount of traffic which General Motors can dangle before the railroads, it could sell them dog sleds...
...story was going the rounds last fortnight that General Motors liked the railroad equipment business well enough to go in further, thought it was a good idea to put some millions of its enormous resources into buying a piece of Pullman Co. Pullman, No. 1 freight and passenger car builder, can produce 2,370 passenger cars a year, 74,700 freight cars. Conservative railroadmen shuddered, in spite of G. M.'s cheap financing aid, efficient engineering methods, at the idea that an automobile outsider should shoulder into the railroad aristocracy. To not so spry U. S. rail-engineering...
Last Friday 18 directors of General Electric Co. marched solemnly into the green Directors' Room on the 48th floor of G.E.'s pink Manhattan skyscraper. They sat through the reading of the minutes. Then, white-haired, sparky G.E. President Gerard Swope rose to his full five feet four inches, read to the assembled directors a letter, while Board Chairman Owen D. Young puffed a pipe. Nobody was taken by surprise. The previous evening they had all had a quiet evening talking about it at the Metropolitan Club: after serving 17 years together, and reaching G.E.'s retirement...
Biggest thing on either man's public record is, by all odds, being chosen by Young and Swope. In 1937, when Wilson was vice president in charge of merchandise and appliances, and Reed general counsel to the lamp department, they were plucked and made respectively executive vice president and assistant to the president, there to ripen in the hands of Young and Swope. Last week's news was formal recognition of their coming...
Anthropologist Embree does not speculate on the future of Suye Mura or the Empire in general. But his book offers good evidence that it will take many a long year to Westernize the Japanese peasant...