Word: hoarded
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Last week pretty Mrs. Jay ("Dolly") O'Brien, one of the holders of the women's hoard that is a 20% slice of outstanding U. S. corporation stocks, was in Palm Beach dancing with her socialite husband at the swanky Patio, walking with her bulge-clipped English poodle on her South Ocean Boulevard estate. Her amiable, globe-trotting son, Julius ("Junky") Fleischmann, whose father, Julius Fleischmann Sr., died (heart attack) on the polo field, was ailing in his moated castle in Cincinnati. And her onetime brother-in-law, husky Major (in the A. E. F.) Max C. Fleischmann...
...that the market breathed easier in late August when Britain forced its nationals (holders of better than half of the Allied hoard) to register their U. S. securities, sell them only with Government permission. Last week it breathed still more freely when Britain announced that Scot Securities Tycoon T. J. Carlyle Gilford was in Manhattan to handle the orderly liquidation of British holdings...
...Majesty's subjects His Majesty's Government will pay the market price of their securities as of Feb. 17 in sterling. As Scot Gifford sells them here, the British Government will pocket its dollars for future U. S. material purchases, will thus have added to its present hoard of $2,600,000,000 in liquid gold and dollars. On Solicitor Gifford's first list were equities in plenty of profitable U. S. industries -Du Pont, Douglas Aircraft, American Tobacco, Santa Fe, Norfolk & Western, Colgate-Palmolive-Peet. Last week many a hungry broker hoped he would be tapped...
...righted; all hopes can be fulfilled." Specific Berle prods to youthful imaginations: international health units working together in devastated areas; international transport pools moving goods where they are needed; bankers pooling resources to make goods available; perhaps the free distribution of some of the U. S. gold hoard to re-establish international currency...
...Winthrop Aldrich, chairman of Chase National, declared that the U. S. ought to dig up its gold hoard at Fort Knox, Ky. and other depositories ($17.8 billions, two-thirds of the world's visible supply) and put it back in public circulation, in order to preserve its monetary value "for ourselves and for the world...