Word: let
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Dates: during 1920-1929
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...take part was kept at a minimum by the meagre time allotted to them. Those in charge of this phase of the situation estimate that many men who began the season with enthusiasm soon withdrew when they found how little opportunity was allowed them for keeping in condition, let alone improving their game...
...I.ast week Mr. Raskob announced his idea for a giant investment trust for small-capital men. Theory: Let a workman take, for example, $200 to the proposed trust. For $200 he would be allowed to buy $500 worth of stock, borrowing the other $300 from a bank or subsidiary company, with his stock as collateral. He would then repay the $300 at the rate of $25 a month. Thus might small-capital men, instead of spending on the installment plan for radios, motors, refrigerators, invest in installments in sound "rich-men's" securities...
Standard argument of the investment trust is the alleged inability of the individual to choose stocks wisely. Let older and wiser heads, operating with large amounts of capital (runs the argument) do your investing for you. Then to you the poorhouse will never beckon, and at your door no wolf will ever howl. Logical, in many ways, is this theory (though it involves faith, hope and occasionally some charity regarding investment trusts and their management) but many a U. S. investor, doggedly individualistic, will doubtless continue to pick his own issues, watch his own ticker and, if necessary, lose...
...inference would be that the purchase was made somewhat by the outsider's proverbial system of buying at the high and selling at the low. Yet, with railroads showing best earnings in years, Mr. Broun might well be told to hang on to his railroad stock, nor let his heart be troubled...
...corollary might be a meeting of Harvard and Princeton undergraduates on Yale soil to bury the hatchet. The suggestion is not new. It was proferred by the Yale Student Council at the time of the break. It might still succeed on one condition: that it be an undergraduate meeting. Let the alumni stay home and cut paper dolls. Yale Daily News