Word: mcchesney
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Dates: during 1940-1949
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...Street's Winchellian political terminology, Pierce has been called a New Dealer because of his backing of the 1938 Conway Committee revolt (TIME, Feb. 7, 1938) which purged the Old Guard from Stock Exchange leadership, installed young, earnest Bill McChesney Martin on Sing Sing First Baseman Dick Whitney's throne. But Broker Pierce's merger with an underwriter has little to do with the New Deal, more to do with his notorious optimism. Favorite Pierce dictum: "I'd rather be optimistic and wrong than pessimistic and half-right." But his latest move follows the classic pattern...
Presently protests began to come in from Wall Street men not in Sing Sing. So one day last week Fred Allen sat down and, in his no-capitals typing style, pecked out an apology to "mr. william mcchesney martin jr.," president of the New York Stock Exchange. Mr. Martin thought the apology handsome enough to post on the Exchange floor...