Word: hosing
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...practice?" he asked. ''None of us can have forgotten that the Federal Reserve System ... the embodiment of the best banking thought and experience in the world, did not check the great inflation which culminated in 1929. . . ." And he broadly hinted that the weakest spot in the credit hose was the Treasury with its huge stabilization fund and its moral, if no longer direct, influence over Federal Reserve policy...
...black crêpe de Chine dress with long sleeves left over from last winter, which I had had all pressed and cleaned by the tailor, and it was hanging in my closet. I bought a small black felt hat, new black slippers, a small black veil, black hose and black gloves. I packed these things in a sort of 'sacred apart' from my other garments...
When New York City called for bids in October 1932, the NRA was not even a political idea and the rubber industry was quoting 34? per ft. as its top price for fire hose. The following July eight new bids were received by the city. Seven quoted 71? a ft., the eighth 75?. All were rejected. Last February, after the Rubber Code had been in effect for more than a year. New York City authorities were amazed to learn that the price had jumped to 82?. Furthermore, they had received 13 bids from 13 different companies all quoting an identical...
Last week an investigation was completed, not by NRA but by the Federal Trade Commission. Attorney Harry A. Babcock of the Trade Commission appeared before the Senate Finance Committee, now taking testimony on a bill to extend NRA, to lay grave charges at the door of the fire hose industry. Rubber companies had conspired to fix the price of fire hose, said he, even before the Rubber Code was signed. "After the code was adopted," Attorney Babcock declared, "the conspiracy was perfected and consummated 100%." New York was not the only victim. When Milwaukee accepted a low bid on fire...
Attorney Babcock proudly announced that it had taken him only ten days to investigate the "trust." Reason: The fire hose business is minuscule. New York City spent only $48,000 on fire hoses last year and $14,000 the year before, while other U. S. cities usually spend less. In 1933 the whole fire hose "trust" did only $2,600,000 worth of business...