Word: macauleys
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Fisher (General Motors), Walter Percy Chrysler, Alvan Macauley (Packard), Du Bois Young (Hupp), William J. McAneeny (Hudson), Edward S. Evans (Detroit Aircraft); 3) got a promise of 1,000 "rotating" jobs per week from big merchants; 4) rotated 400 jobless per day on municipal construction; 5) used the schools to collect clothes to help the needy...
...Alvan Macauley of Packard, Albert Russell Erskine of Studebaker and Charles W. Nash of Nash flayed the bill in chorus as "a great menace to our foreign trade...
Best Cartoon: $500 to Charles L. Macauley of the Brooklyn Daily Eagle ("Paying for a dead horse...
Someone had to show faith. The first to do so was T. B. Macauley, president of the Sun Life Assurance Co. of Canada, who said that his company (large institutional stock-buyers) was not selling, was buying (TIME, Nov. 4). Others quickly followed his lead. From Washington Dr. Julius Klein, Assistant Secretary of Commerce, radioed to the nation that its business was sound, that only 4% of U. S. families were affected by the break. Others were Stuart Chase and Irving Fisher, famed economists, Paul Shoup of the Southern Pacific, Bowman Gray of the R. J. Reynolds Tobacco Co., Luther...
Tuesday brought also a quota of cheerful utterances. Said T. B. Macauley, president of the Sun Life Assurance Company of Canada (one of the largest of institutional stock-buyers) : "The present crisis in the stock market squeezes out inflation caused by speculation, and we have taken opportunity largely to increase our holdings, and we are still buying." Said Chase National's Albert Wiggin: "None of the corporations or institutions I am connected with is selling stocks at this time. We are buying." President Hoover said that U. S. Industry was on a sound basis. The banking group also...