Word: losers
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Dates: during 1930-1939
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Another statistic which General Dawes must have pondered last week was bank clearings. After a brief spurt a fortnight ago they slumped badly last week. Twenty-one cities outside New York ran 46.3% below 1931 and including New York the average decline was 52.6%. Heaviest loser among the cities reported was Boston with a 58.7% drop for the week. During the first quarter the total decline averaged...
...sunny day last week police clubs whacked about bumptious heads on the streets of New Orleans. At Hammond, 42 mi. away, three men shot out a political argument; the loser was killed, the winners wounded. In Jefferson Parish shotguns bristled about a barn where citizens were forced to "vote right or else?" behind transparent cheesecloth. Louisiana was holding a Democratic primary which was equivalent to a regular election...
Kresge to Kresge. The Kresge Department Store in Newark has long been a big loser for Kresge Department Stores Inc., which shares its ownership with Sebastian Spering Kresge. Last week Storeman Kresge bought the remaining half interest in the Newark store from the department store company for $2,000,000 and assumption of certain liabilities, stated he still had faith in his original judgment but was "not insensible" to the opinion of other shareholders that it should be sold. Kresge Department Stores, Inc. also owns the Palais Royal in Washington, D. C., has a large interest in The Fair, Chicago...
...weeks ago Mr. Chapman's bid to keep his company failed to meet the specifications of the U. S. Shipping Board because he tried to dodge responsibility for S. S. Leviathan, the biggest money-loser (TIME, Aug. 24). Mr. Franklin hastened to point out that I. M. M.'s bid was the only proper one submitted. Chairman Thomas Ventry O'Connor of the Board took the matter to President Hoover. No doubt both were somewhat at a loss, for while Mr. Franklin complied with all conditions, Mr. Chapman offered more money. The Board, sympathetic with Mr. Chapman...
...Pacific coast shippers headed by Robert Stanley Dollar. Optimistic Philip Franklin offered $3,000,000 in liquidation of existing indebtedness and otherwise complied with all the conditions laid down by the Board. Tenacious Mr. Chapman offered $3,170,900 but dodged the problem of operating the Leviathan, heaviest money-loser of the fleet. Let the Shipping Board take title to the Leviathan, suggested Mr. Chapman, and he would operate her at his expense on a minimum schedule of five trips a year for five years. Mr. Franklin was willing to keep this floating elephant and send her on seven circuits...