Word: indirection
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Dates: during 1930-1939
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President. Last year at Aberdeen, Sir Josiah Stamp, voluble economist, director of the Bank of England, chairman of the London, Midland & Scottish Railway, engaged in a spirited, if indirect, debate with Sir James Jeans. Sir Josiah contended in effect that science was causing too much technological unemployment, had better take a holiday (TIME, Sept. 17, 1934). This year at Norwich the same Sir Josiah was elected president of the British Association for the Advancement of Science for the coming year. Sir Josiah promptly proved that this honor had not changed him in the slightest by delivering a discourse which...
...identified: Adams Express, which is not an express company at all but an investment trust. Simultaneously it was learned that Cleveland-Cliffs was dickering with Hayden. Stone & Co. for some financing by which it might pay off a staggering total of bank loans-$25,000,000 borrowed to purchase indirect control of Corrigan, McKinney Steel before Depression. Under the terms of the pending merger of Corrigan, McKinney with Republic Steel, Cleveland-Cliffs will bv a devious corporate route receive large blocks of Republic stock, of which it already holds more than 100,000 shares...
...October 1933 the National Industrial Conference Board estimated the number of U. S. unemployed to be 9,645,000. Since that date the New Deal has spent in direct or indirect efforts to increase employment more than $9,000,000,000. Last week the National Industrial Conference Board estimated the number of unemployed in May 1935 to have been...
...reporters if they had any news for him. When the consequent titter died down, a voice asked if he had reached any conclusions about NRA. He had and for the next hour he proceeded to give them to the Press, not as a straight quotable interview, but as an indirect monolog addressed to the nation at large. Though, by this technical device, the President was relieved of black-&-white accountability for all he said, the 200 newshawks were able to reconstruct from their notes an historic political speech. Its exact words might be missing but from the front page...
...remoteness from the public: its customers are steady and its products standard. A farmer may spread Arcadian nitrates on his fields; a townsman may drive his car over Tarvia roads or keep out the rain with Barrett roofing; a housewife may buy Polar moth balls. But the average indirect consumer never sees the aniline in his blue serge suit, the tanning alkalis in his oxfords, the caustic soda in his soap, the soda ash in his window panes. For Allied is primarily a purveyor of heavy chemicals to heavy industry...