Word: greys
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Dates: during 1940-1949
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Dark-eyed Adela Velarde was 14 when she left Ciudad Juárez to join the army of General Venustiano Carranza. She became a nurse. Dressed in a green uniform cut from the curtains of a Pullman car, she rode through the Mexican Revolution on a grey hospital train under the watchful eye of a veteran head nurse named Leonor Villegas de Manon...
Good Business. Little of this surprised automobile buyers very much. What was surprising was the way salesmen and dealers brazenly owned up to their grey marketeering. George E. Adlung, salesman for New York Avenue Motor Co., admitted receiving more than $1,200 in tips on only four sales. William Manuel, a salesman for Kearney, received at least $1,520 in tips this year. "Whenever I sold a car," he testified, "I expected something as a tip . . . They do it all over the country." Raymond J. Kearney, co-owner of the agency with brother Robert, admitted that his allowances on trade...
...year in low trade-ins, tips and doodad accessories. There was nothing illegal about the deals. But Committee Chairman W. Kingsland Macy trumpeted that the auto industry "must police its own backyard" or face mandatory price controls. To police the backyard, Ford had already fired 23 dealers for grey marketeering. Most carmakers, while holding their own prices far under true market values, had actively campaigned against it. This week General Motors notified the Kearney agency that its franchise was canceled "effective immediately." But automen knew that, controls or not, there was just no way of checking deals in which buyers...
Motormakers were far more worried last week over another question: How long would the grey market-and the sellers' market in cars-last...
...bare men too, and then the old grey...