Word: muchly
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Dates: during 1930-1939
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Starting June 1, any Ford employe of two years' standing may take out $1,500 in term life insurance plus $15 weekly sickness and accident benefits. The premium is $1 a month deducted from paychecks and matched by at least an equivalent sum from the company. How much Ford will kitty in remains to be calculated by actuaries, but will probably come to some $1,200,000 a year. Employes will pay $1 a month no matter what their age, need take no physical exams. Because the average age of the entire group is expected to remain constant...
...Congressmen who came, listened and departed. It was provided by Manhattan's Representative Sol Bloom (who attended with Mrs. Bloom and Daughter Vera). Promoted to the important Foreign Relations Committee by his ex-colleague, New Deal purge victim John O'Connor, Sol Bloom has spent much of his time selling George Washington to the American people. But this time, after eating his way through an evening of Roosevelt-hating speeches, Sol got up to sell FDR to the folks. One lone, small boo came from the audience, but it found the one sensitive spot in his hide...
...wise: The second half of 1939 is expected to see Public Works expenditure decline from its 1938 volume of $880,000,000, offsetting by so much increased armament expenditures. If President Roosevelt decides to balance the budget for the 1940 elections the Government may actually put less money into the public economic pot after the rise in National Defense expenditures than before...
...order book now contains $71,000,000 of naval business (total unfilled orders: $192,000,000, largest in peacetime history) but, staggered over three or four years, this comes out as only $18-23,000,000 a year, not nearly enough to support the company's overall production much above the rate for the steel industry as a whole, or to reverse the trend that is now carrying it down...
Though very much of a power in Indiana, George A. Ball, glass-jar tycoon of Muncie, was practically unknown when Oris Paxton Van Sweringen and Mantis James Van Sweringen called upon him in 1935. "0. P." and "M. J." were $50,000,000 in the hole and J. P. Morgan & Co. was about to auction their $3,000,000,000 railroad empire. At the auction George A. Ball bid in the empire for a mere $3,121,000. He was not a railroad man; he bought it for the Vans to run. But within a year the amazing brothers both...