Word: merchantable
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Dates: during 1930-1939
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...Merchant Marine is a classic U. S. industrial example of the smalltown boy who did not make good in the big city. A century ago the famed clippers sailed out of Salem, Newburyport, Baltimore to capture the oceans of the world for two decades, carry 90%, of U. S. trade. By 1914 the U. S. Merchant Marine was carrying less than 10% of U. S. trade. Since the War it has been kept afloat only by constant Government help. Last week, when President Roosevelt signed the Merchant Marine Act of 1936, experts thought that Congress had finally offered enough help...
...frankly goes the whole hog in meeting foreign ship subsidies by committing the Government to creating a Merchant Marine owned and operated by U. S. citizens, composed of U. S.-built vessels, sufficient to carry U. S. trade and capable of serving as a naval auxiliary in war time...
Twenty-five years ago Louis Eckstein, rich Chicago merchant and real estate operator, began sponsoring summer orchestra concerts at Ravinia Park, 37 acres of woods he owned on suburban Chicago's North Shore. Later, not instruments but voices made Ravinia famed. The Ravinia Opera which Louis Eckstein produced, signing up the best artists, casting them, supervising every production detail, cost him some $1,500,000 before Depression halted it four years ago (TIME, April 11, 1932). Patron Eckstein, who kept hoping to revive Ravinia, died last winter. Last week there was orchestra music once more in the open-sided...
...June 9, 1311, the great Italian banking city of Siena was fighting an economic death struggle with booming Florence as Duccio di Buoninsegna finished his altarpiece for the cathedral. The city's nine merchant magistrates declared a public holiday. Duccio and his altarpiece were paraded through the streets to the cathedral. At the sight the Siennese fell on their knees as all the church bells tolled. Siena's greatest masterpiece, this work marked both the end of the Byzantine influence which the Crusaders had brought back from Palestine and the beginning of an authentic Christian...
...Institution. To Chairman McKinsey, who entered from the top as a professional management counsel, Marshall Field was a corporation with a problem. The two viewpoints were incompatible. As Mr. McKinlay's successor, Mr. McKinsey suggested Vice President Frederick Dexter Corley, a tall, blue-eyed, dark-haired merchant of 53 who got his start in the millinery department at 18. The suggestion was accepted by the Marshall Field directorate within five minutes...