Word: parkinsonism
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...STREET (490 pp.)-Frances Parkinson Keyes-Julian Messner...
...When the final chapter of Joy Street was dispatched," writes Frances Parkinson Keyes in the foreword to her new novel. "... I was too completely exhausted to feel the slightest elation ... I could not believe the ordeal was over; it had become one of those nightmares which apparently has no end, but goes...
...payment) will be paid by the Equitable Life Assurance Society (see below), which will rent the cars to the Pennsy for 15 years, on a sliding scale running from $1.50 down to $1 a day. This is the fourth rail equipment purchase Equitable has arranged since President Thomas I. Parkinson launched its plan eight weeks ago (TIME, April 10) to 1) put its idle funds to work, and 2) furnish cash-short railroads with cars they badly need. The other deals: 1,300 cars for the Atlantic Coast Line, 1,500 for the New York Central, 500 for the Delaware...
...sooner had McCarthy popped off than Equitable's President Thomas I. Parkinson objected to the story. McCarthy representatives had been in to see him, said Parkinson, but "the stories . . . that readjustments have been made and additional loans granted are inaccurate." Metropolitan Life had nothing to say at all. Apologized McCarthy: "I thought we were all three in agreement. [The] $6,000,000 was my own estimate . . . I am sorry I offended Mr. Parkinson and certainly had no intention of doing so, but wanted my creditors to know that it would not be long before everyone had his money...
Carry found his man in white-thatched, pink-cheeked Thomas I. Parkinson, president of the $5.3 billion Equitable Life Assurance Society. Last week Parkinson announced a smart new solution to the problem. Equitable will buy cars from Pullman and other manufacturers (in payments spread over five years), and lease them to railroads on 15-year contracts. Gossip among railroad men was that the rent will be less than the $1.75 a day which roads now charge when they swap each other's equipment. When the contracts expire, the roads may return the cars to Equitable, or rent them...