Word: new
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Dates: during 1920-1929
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Governor Morgan F. Larson of New Jersey, motoring by night from Trenton to Perth Amboy was startled as he passed through Princeton to have a rock crash through his car's window. Undergraduates swarmed about him, stopped his car, booed and jeered they knew not whom. Gravely Governor Larson got out, examined the shattered window, learned that the rioting students had just come from Cane Spree.* Goodnaturedly the Governor drove on, not waiting to see the students try to undress a besieged policeman...
...Other burgees which Sailorman Ford might break out if he wished: Grosse Pointe (Detroit), New York, Seal Harbor, Bar Harbor yacht clubs...
Journalistic Homers have sung for years the deeds of the Eastern trunk lines in their unceasing consolidation battles. Last week they smote a new chord on their lyres, began a new canto of the railroad epic. They turned to the West and the great Western railroads. In San Francisco last week sat Charles D. Mahaffie, Interstate Commerce Commissioner. Before him came Ralph Budd, President of the Great Northern, Paul Shoup, President of the Southern Pacific, Arthur Curtiss James, Western Pacific Board Chairman, Harry M. Adams, Western Pacific President, and some 200 other witnesses and parties in the case. All these...
...path seemed as clear for further selling as in the summer it had for continued buying. The only thing that stood in the way was reason: long had speculators seemed to ignore reason. For the first three days, Panic held sway. Led by U. S. Steel, stocks dropped to new lows. Again there were tales of a "banking consortium" holding secret midnight meetings, tales of the "great bear pool...
Heroes. Julius Rosenwald, board chairman of Sears, Roebuck, early in the decline offered to cover the margin accounts of all his employes, became the prime hero. Later Standard Oil of New York became hero-ized with its announcement that it would lend $43 a share ($11 above the market at one point) to employes who had borrowed on their holdings. Other helping companies were Standard Oil of New Jersey, Humble Oil, Gulf Oil, U. S. Steel, Newton Steel. Late last week, when Washington's official silence was broken with promise of the tax reduction, then of an industrial conference, Hoover...