Word: keeled
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Dates: during 1930-1939
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Start. Conceived by the Cunard Line as the world's biggest ship, the keel of No. 534 was laid in February 1931, at the shipyard of John Brown & Co. Ltd., Clydebank. Her tonnage was 73,000, her cost $30,000,000. Eleven months after her keel was laid, work was suspended for lack of funds. For two years and four months No. 534 was an empty, half-finished hull. Then the Cunard and White Star Lines merged. The Government came to No. 534's rescue with a three-million-pound loan. Some 3,800 workmen went back...
Yankee had won most of the preliminary trials in June and July. Even the addition of five tons of lead to Rainbow's keel was not enough to win the first race against Yankee in the final series. In her second race Skipper Vanderbilt outmaneuvered Skipper Adams at the start to win by three minutes over the international course. A squall from the north when the boats were running before a brisk southerly breeze blew Yankee's parachute spinnaker flat against her mast, broke the jumper strut and forced her to withdraw from the third race. After the fourth, which...
...sticks. Meantime manufacturers piled up inventories of distress furniture, which led to inevitable price cutting and the ruin of 1,000 manufacturers, wholesalers and retailers in a single year (1932). The manufacturing industry managed to right itself last year, has been running on a fairly even price keel since last summer when business booked by wholesalers increased 100% over 1932, and prices on some lines went up as much as 60%. The Furniture Code, which went into effect last December, helped stabilize prices by forbidding sales below cost. But the boom of last summer and autumn has died away...
...remodelled to conform to this year's rules. Yankee, a heavy weather boat which holds the record for the 30-mile Cup course, had her bow sharpened to make her faster in light airs. Frank Paine, her designer, raised the money by subscription in Boston. Weetamoe had her keel weights deepened and moved forward to make her more seaworthy. The New York syndicate which owns Whirlwind, slowest of 1930's four contenders, did not recondition her this year. vanitie, under this year's rules, is ineligible to defend the Cup; she raced last week to keep...
...mail subsidies and cheap construction loans, Exporter Herbermann got the first mail contract. His subsequent activities were aired last year before the Senate committee investigating air and ocean mail contracts. Discoveries: 1) the Shipping Board spent $1,825,000 to repair 18 ships which it sold bolt and keel to -Henry Herbermann for $1,071,431; 2) Mr. Herbermann, under the Jones-White Act, borrowed from the Shipping Board $7,122,750 to build four passenger liners, got his loans extended later although Export's debts exceeded its assets 3-to-1; 3) despite large payments on mail contracts...