Word: panic
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Dates: during 1930-1939
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...always crowded English Channel by the German freighter Ruhr, the English steamer Ford Castle and the Dutch Achilles all of which rushed to pick up the Atlantique's survivors as they leaped from her flame-swept decks. Cremated alive below decks were five members of the crew whose panic screams were all but drowned by the blast-furnace roar of the fire. Reputedly last to leap was Captain René Schoofs of the Atlantique. "Thrice we thought he was dead!" cried an excited junior officer later. "Then suddenly he appeared out of the flames with burning clothes, his Annamite...
Paradoxically the fall of the yen since it went off gold (TIME, Dec. 21, 1931) has now produced a nationwide "inflation boom." Silk raisers who received about 1,500 yen per bale of raw silk in 1929 and were forced last July to sell at the "panic price" of 450 yen, now get 900 yen and exult that "silk prices have doubled in the last half year...
...that his bank was ready for the 1929 stockmarket crash. Last week, in acknowledging Mr. Wiggin's letter, the executive committee revealed that in October 1929, Chase had less than $1,000,000 in brokers' loans. In the week of the panic, while frightened outside lenders were scrambling to call their Stock Exchange loans, Chase expanded its loans $373,000,000. It was National City Bank's Charles Edwin Mitchell, a rampant, bull, who became the popular scapegoat of the Crash with his insistence that conditions were fundamentally sound. Rumors that Banker Mitchell was about to quit...
...revolution and the assassination of President Madero (1913); of pneumonia; in Indianapolis. Son of a U. S. Minister to Venezuela, grandson of the founder of Lafayette (Ind.). he published Lafayette's Journal (1882-85), turned lawyer-banker in Spokane, lost much of his fortune in the 1893 panic...
...Dealer Jonas is by no means the only person to discover that money can be made from the U. S. habit of paying fantastic prices in boom times, panic selling in lean years. Dealers in English furniture and antique silver have been shipping their best pieces back to London for over a year. A spokesman for Yamanaka & Co. said last week that three years ago there was scarcely an important Japanese print left in Japan. Wall Street collapsed, and Tokyo dealers began quietly to buy. Today, even with the collapse of the yen, rare Utamaros and Yeishis bring far more...