Word: holidaying
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Dates: during 1930-1939
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...gesture toward solving the problem. Realty Stabilization Corp. was launched with $10,000,000 capital and $100,000,000 of R. F. C. credit. Maturing mortgages amounted to some $700.000,000. There was no conceivable method of making $1 do the work of $7, so after the March banking holiday Superintendent of Insurance Van Schaick clamped down restrictions which stopped the guaranteed mortgage business but which granted the companies a moratorium. They were ordered to submit plans for reorganization. Meantime they put on a campaign to obtain releases from their guarantees and the state formed New York Guaranteed Mortgage Protection...
...were announced. Last spring Chancellor Hitler gave correspondents to understand that he viewed with disfavor their close working agreement, thought they ought to compete more vigorously. Last week Double Chairman Helfferich, in whose person Hamburg-American and N. G. L. seemed definitely united, went blithely off for a country holiday, left officials of the two lines to carry on with only this vague injunction...
...July 1932 Joseph Wright Harriman was quietly retired from the presidency of Manhattan's Harriman National Bank by "promotion" to chairman. In March 1933 the Harriman bank failed to open after the banking holiday and Banker Harriman, arrested on the charge of having falsified his bank's books, was arraigned in court on a stretcher. In May 1933, Banker Harriman, having escaped from a sanitarium to suburban Long Island, futilely pinked his bosom with a butcher knife. Last week Banker Harriman, wearing a grey suit and a Panama hat, walked into court to stand trial...
...total probably hit 15.000. ¶Last week United Airlines had eleven planes a day flashing back & forth between New York & Chicago, every one of them jammed to the doors. A request for seat space on that route can rarely be filled less than two days in advance. For holiday bookings United had a waiting list of 60. C¶, Eastern Air Transport (New York -Washington -Atlanta -Miami) collected 7.500 fares last month, the best month it ever had. Last week it stepped its New York-Washington service up to ten round trips daily, every hour on the hour, "silent" Condors...
Last week the story of Dr. Dewing's resignation broke through the screen of rumor. He had withdrawn gold before the bank holiday, not for his personal account, but as president of Chatham Water Co., to protect a construction contract which the company had undertaken. He redeposited the gold immediately after the bank holiday ended. Dean Wallace Brett Donham of the Business School criticized his act as having made the School subject to possible public criticism, objected to his criticisms of Administration policies. Hence Dr. Dewing's resignation. Since Dr. Dewing was guilty of no lawless hoarding, some...