Word: mightly
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Dates: during 1920-1929
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Significance. Heretofore the I. C. C., by rejecting merger proposals, has been telling carriers how they might not consolidate. Its own plan serves to show roads how they now may. The Commission has no power to compel roads to merge in accordance with its plan, which it frankly states is subject to "modification." Since rail consolidations became a public policy in 1920, grave doubts have arisen as to their present necessity. Carriers have improved financially by leaps and bounds, with few weak roads needing the aid of strong ones. The agitation in Congress for additional consolidation legislation is designed...
...foggy twilight last week, New York radio stations suddenly stopped broadcasting and the air was filled with SOS calls. While radio listeners wondered what the silence might portend, there was administered in the outer reaches of New York Harbor what might be called perfect disaster treatment. It began when passengers on the British steamship Fort Victoria, inching along in the soupy mist toward Bermuda, heard the bedlam of fog warnings, the fierce, hoarse blasts of a whistle which seemed altogether too near. Then the prow of the Clyde liner Algonquin, outbound for Galveston, loomed out of the murk and buried...
That Councilor Bogomoloff might not occupy his spare time by Russian secret service in Britain, Ambassador Sokolnikov paid a formal visit to Foreign Secretary Arthur Henderson, gave formal pledges that the Soviet Government would not engage in propaganda either in Britain or in any of the Dominions...
Pacified and intrigued by such unanswerable "American arguments," the Deputies next day gave the Tardieu Government a vote of confidence, 331 to 167. Paradoxically, Tardieu the pseudo-American proclaimed later in the week a policy in regard to the Hoover-MacDonald Five Power Naval Conference which might prove obnoxious to many U. S. patriots. Quizzed at a joint session of the Chamber's Naval and Foreign Affairs Committees, the squarejawed, pugnacious Prime Minister rapped: "No final decision will be taken at the London Conference. It is merely preliminary to the Disarmament Conference of the League of Nations at Geneva...
...Schacht, having upset the applecart, set about picking up the apples. Within 24 hours he announced that he (i.e., the Reichsbank) would supply the needed cash. The political neck of Optimist Hilferding seemed saved and the whole affair might have passed off as a teapot-tempest, except for the famed Berliner Tageblatt whose editor announced that he possessed the inside story, upset the apples again...