Word: lowering
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Dates: during 1930-1939
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...Central Committee. They are: the widely spread price range, the various school groups, and the scholastic standing of the applicants. In recent years this last has taken on an importance which many of those applying have failed to recognize for the majority of room requests fall into the lower middle range and the House Masters are naturally prone to select those in higher standing among the Freshmen...
...know that $5,700, to a Princeton Punk, is just Papa's check, with his signature in the lower right hand corner and the $5,700 just above it, but to a mere powder monkey it's a lot to save in two years. If some Punk tries to burn me up with "Hello, Sucker," I'll plum incinerate him with an equally original "Says You." I fail to see where anyone made a sucker...
Died, Jonkheer Dr. C. J. M. Ruys de Beerenbrouck, 62, president of the Tweede Kamer, lower house of The Netherlands Parliament, thrice Premier; at Vorden, in the Province of Gelderland. Reproached in 1919 for affording ex-Kaiser Wilhelm II & son refuge in the country, he blurted: "To put it bluntly, these gentlemen fell like a brick on our heads. How could we act otherwise than we have done...
Having mulled over the Lehman letter, SECounsel Burns wrote an answer: 1) pegging was permissible; 2) pegging need not necessarily imply a fixed price, though "activities designed substantially to raise or lower stock exchange prices are clearly manipulative," hence illegal; 3) the prospectus should disclose the fact that the underwriters were engaged in pegging the price of the stock; 4) "this represents my opinion and is not to be taken as an expression of the views of the Commission...
...presumably neutral view from Yale, which has neither farms nor oilwells, was injected by Lester Clyde Lichty and E. J. Ziurys: "The fuel economies accompanying the increased compression ratios made possible by the use of alcohol are offset, both theoretically and from engine test, by its lower heating value per pound of fuel. ... It requires about 1.67 lb. of alcohol to liberate the same amount of energy as . . . by one pound of gasoline...