Word: merchant
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Bloch had grown up in Geneva-a Geneva seething over the Dreyfus affair-the son of a clock merchant. He studied music in Brussels, Munich and Paris, but when his father's business went bad, he came home to help. As a child, he learned from his father the Jewish lore and emotional melodic strains that permeate his music, but he dislikes being classified, as he often is, as a racial composer...
What's wrong with the U.S. merchant marine? After the late President Roosevelt's "bold and daring" plan for its development was dropped late last year (for lack of building materials), President Truman appointed a committee of five non-shipping men to find a new answer. Last week, after eight months of exhaustive study, the committee reported that the main trouble with the merchant marine was that there just was not enough...
Most of the merchant ships knocked together during the war (e.g., Liberty ships) are uneconomical, so the committee asked for the construction of a new fleet of highspeed dry cargo and tanker vessels. But it sensibly warned the U.S. against trying to hog world shipping. Said the committee: "Many maritime nations are far more dependent [for income] on shipping than is the United States. . . . Any attempt on the part of the United States to monopolize a large part of world shipping . . . could constitute a threat to world peace," by further impoverishing some nations and drying up world trade...
Obstacle. The committee had hard words for the unwieldy, badly organized independent Maritime Commission, "the most serious obstacle standing in the way of the development of the merchant marine." It proposed dropping the five maritime commissioners in favor of a Maritime Administrator of sub-Cabinet rank, under the Secretary of Commerce, with a Maritime Board to perform the present agency's legislative and judicial functions. The committee also recommended 1) continuation of operating subsidies and training programs; 2) a program to revive the nation's coastwise and intercoastal shipping, through surplus ship sales and the elimination of discriminatory...
Died. Walter Henry Rich, 67, president of Atlanta's easy-credit Rich's Inc., busiest department store in the South (last year's sales: $42,000,000); of a heart attack; in Atlanta. Publicity-minded Merchant Rich attracted attention in the depression by proposing that Atlanta's teachers be paid in scrip (to be honored at his store, later redeemed by the city), sold $645,000 worth of goods, gained Atlanta's gratitude...