Word: mccormack
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Dates: during 1930-1939
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...Senate, Lindsay Carter Warren of North Carolina in the House. Powerful Mr. Warren, a bull-built, blunt, 49-year-old country lawyer with a fine stand of black hair, may one day be Speaker of the House, notwithstanding the hankering of the White House Janizariat for John W. McCormack, of Boston's famous Ward 8. Last week Lindsay Warren, working glove-smooth with Leader Sam Rayburn of Texas, Whip Paddy Boland of Scranton, Pa., delivered the South bound-and-gagged to the New Deal. John McCormack broke a long and agonized silence on the embargo-repeal issue to deliver...
...days later, after Representative John McCormack of Boston had demanded the recall from Moscow of U. S. Ambassador Steinhardt, Franklin Roosevelt remarked softly that bad manners should never beget bad manners...
...allotment. At war's end it sold the Moormack for $400,000, later snapped up the Government's offer to take its huge merchant marine off its hands at dirt cheap prices of $10 to $15 a deadweight ton. The advent of World War II found Moore-McCormack big and respectable (capital: $5,000,000), in hock to the Government and worried over what to do with the surplus ships that the provisions of the Neutrality Bill may take out of service. Last week it found an answer...
...down payment of $1,200,000 and a balance of $2,300,000 to be financed later (probably by the U. S. Export-Import Bank), President Moore and Treasurer McCormack sold 14 of their old (19-21 years) Hog Island cargo ships to the Brazil Government. For Brazil it was a good deal. It stepped up her Government-owned Lloyd Brasileiro Line fleet to 62 ships, gave her urgently needed bottoms for carrying her coffee and raw materials overseas now that war has swept most belligerents' ships from the seas...
...Moore-McCormack the deal was even better. Under U. S. Government charter and direct ownership the firm operates American Republics Line's passenger-freight service to South America. For that line, by late 1940, Moore-McCormack will have 14-$40,000,000 worth-new 9,000-to 12,000-ton, 16½-to 18-knot passenger-freight ships, constructed under the Maritime Commission's program for rebuilding the U. S. merchant marine. Seven of the new ships have already been launched. Faced with the loss of its Scandinavian-Baltic trade (American Scantic Line) for the duration...