Word: merchantable
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Dates: during 1950-1959
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...Catalina did not make it. About 90 miles from home, it made a forced landing at sea, and cracked up. For tantalizing hours, Sweden heard no more. Then came another report-a German merchant ship had rescued the Catalina's seven crewmen, two of them wounded...
Manning finished World War II as a Navy commander in command of the merchant marine's radio school in New York, and at war's end was given command of the renovated America. After two winters of storms and fast turnarounds, Manning's stomach went back on him, and he had to be relieved of command; later, he recovered and returned to full duty. If & when he retires he will be relieved by Captain John Anderson, 53, an old schoolmate...
Only a few weeks ago, many a harried merchant with sales lagging and customers hard to find got the troubled feeling that 1952 was beginning to look a lot like recession-ridden 1949. In Wall Street, many a professional trader warned that the big bull market was as good as dead...
Fast clipper ships replaced the slow-moving East Indiamen, and China tea was the profitable cargo. To prevent idlers from wasting his business hours, Merchant Jardine kept no chair in his office but his own. He made huge deals with Bombay Tycoon Jamsetjee Jeejeebboy. Hundreds of young Englishmen, attracted by high wages & high life, flocked to China. Race tracks were built, blood horses imported. Gibb, Livingstone & Co. (John Gibb was a member of the Race Club Committee) never questioned the living expenses of their young employees unless the soda-water bills for their mess exceeded $500 a month...
Four months ago, the disillusioned big merchant companies decided to pull out. The result was the decision announced last week by Foreign Secretary Anthony Eden: British merchants would liquidate assets in China worth more than $840 million. They hoped their employees would be let out of the country...