Word: gm
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Dates: during 1940-1949
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...hundreds of other U.S. zone cities and towns last week, the 33,000 citizens of Schwäbisch-Gmünd were electing a Bürgermeister. Up for re-election was Franz Czisch, a 40-year-old grocer and Christian Democrat whom the Nazis had once expelled from law school as a "half-Jew." Opposing him, on a no-party ticket, was Franz Konrad, Bürgermeister under Hitler, twice denazified by his neighbors...
...basis of efficient administration, Czisch was the favorite to win. More than that, his work in behalf of 2,200 Christian and Jewish refugees who had come to Schwäbisch-Gmünd from beyond the Iron Curtain won him a commendation from the U.S. military government...
...wonder Czisch helps the refugees-he's a Jew!" It grew in volume with the use of a sound truck and another charge: "Czisch is a stooge of the Americans!" On election day Konrad won easily. That night, young men marched the streets of Schwäbisch-Gmünd singing the Horst Wessel song. They stoned the house of Franz Czisch, shouted: "Go to Palestine where you belong!" Then they stoned the windows of Jewish shops...
...Roebuck and Montgomery Ward cut their down payments to 10% and extended payment time on the balance to 18 months. But the credit agencies were more conservative. Said John J. Schumann Jr., whose General Motors Acceptance Corp. last year advanced $411 million on the sale of automobiles and other GM products: "It behooves . . . banks and other financing agencies to use their heads as never before." At a meeting of the District of Columbia Bankers' Association the Federal Reserve Board's M. S. Szymczak warned that if bankers permitted the credit structure to get topheavy...
Dean of the old-auto set is Edgar O. Appleby '47, who has disposed of six or seven collector's items about the square and is currently featuring a 1925 Pierce Arrow whose durability is amazing. While owners of GM, Chrysler postwar creations can have little idea of their cars' staying powers, the Pierce's lucky purchaser knows in advance that it was built for endurance...