Word: marketeers
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Dates: during 1930-1939
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...Bankhead were hopping mad. Either Franklin Roosevelt had deliberately misled them at the White House or they had deliberately misled the cotton-growing South, with a view to putting the President in a hole from which only 12? cotton would get him out. Cotton loans at or above the market generally turn out to be not loans at all but an obligation by the Government to GEORGIA'S GEORGE He was absolutely certain. buy cotton that no one else wants at the price. Of the three cotton loans made by the Government, two have been disastrous. The first...
Last April when the Treasury boosted its purchasing price for domestic silver, to keep it above the world price, speculators took the bit in their teeth and ran the world price up to 81¢ per oz. Mr. Morgenthau, who has little sympathy with speculators, promptly got out of the market. Soon thereafter the price of silver began to coast down hill?down, down, down to last week's level which caused angry silverites to assume that the Treasury had quit buying for good. Secretary Morgenthau's announcement that he had bought more than 25 million ounces of silver...
...nothing of the kind. Senator Thomas of Oklahoma was incensed. That Secretary Morgenthau should let the market drop out from under the speculators, that he should build up a silver reserve as cheaply as possible instead of spending as much as possible in doing so, seemed treason to the most politically precious of metals. "I thought," said Senator Thomas, "that we had a silver policy. But we haven't any ? other than to buy silver at the lowest possible price." Next day Senator Thomas and his silver friend, Senator McCarran of Nevada, took their revenge. As the price...
About 70% of the whiskey sold in the U. S. retails for around $1 a pint. Into this dollar market last week went two noteworthy whiskey names...
...lipped family. The company was founded as a carriage works in the last century by Henry Timken, onetime blacksmith. Founder Timken thought carriages dull the moment he began experimenting with cup and cone ball bearings. His enthusiasm infected his two sons when the huge possibilities of the automobile bearing market opened up around 1900. Henry Holiday and William Timken promptly abandoned Timken Carriage Works for Timken Roller Bearing...