Word: merchant
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What will the U.S. do with its war-built merchant fleet-$17 billion worth...
...years Virginia's aged, fussy Representative Schuyler Otis Bland and his House Committee on the Merchant Marine and Fisheries have sawed & hammered away at a bill designed to answer this question. Last week their bill was launched in the House...
...written by mere men could possibly reconcile the conflict of interests involved in the final disposition of the U.S. merchant fleet-half of the world's merchant tonnage. Ship owners the world over will disagree with whatever use is made of the 50,000,000 tons of bottoms. The most the Bland bill attempts is to mark a channel of compromise for the U.S. Maritime Commission to follow...
...what he was supposed to say on such an occasion-quite the opposite. Cried he: "If the appeal to you . . . is national savings for the nationalization of the mines, my counsel to you is to reject it. If the appeal is national savings for a state-owned merchant marine or inland transport system or medical service, I would turn it down. I believe that nationalization is a fatal policy, fatal to enterprise, fatal to efficiency, fatal to the independent spirit of the worker...
Norton Simon climbed to his tin can throne by a simple formula: don't start a business yourself; buy up those already started and run them better. The son of a dry-goods merchant, Simon enrolled at the University of California when he was 17. He quit a few weeks later because he was making too much money-selling paper products and from investments in a small theater where he had put his profits-to waste his time in school. He went to work for a steel-products firm, quit to buy his first business, a steel jobbing plant...