Word: pipsqueak
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Dates: during 1930-1939
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Long before the 1938 recession gave U. S. -Japanese trade a final shove down grade, indignant U. S. buyers had begun to boycott Japanese goods, and long before the rape of Nanking Japanese sellers began to feel the pinch. Since Japan had only a pipsqueak gold hoard (published reserve then $261,000,000, now close to zero), Japan's merchant salesmen had to sell more goods in the U. S. before Japan's buyers could get more money to spend in the U. S. market...
Comedy of Ignorance. Bewildered was Secretary of Agriculture Henry Agard Wallace. He knew that no pipsqueak hoarding could clean out the much greater involuntary hoards of farm commodities which he has long tried to dispose of. At week's end, after columnists and editorial writers had failed to shout down the buying rush, he slouched up to the microphone and over a nationwide network called a halt: "Since last Monday," he said, "housewives have been conducting runs on grocery stores in the same manner as depositors used to conduct runs on banks...
Today, newspapermen look to Philadelphia for excitement and sometimes jobs. J. David Stern is now its senior publisher. It now has only four papers (not counting the pipsqueak tabloid News) and they are engaged in a bitter struggle for survival. Reading from Left to Right, Philadelphia's papers are the morning Record and Inquirer, the evening Ledger and Bulletin. All were making news last week...
...many a big U. S. airlines nest, Canadian Colonial, a retarded bird from the brood of Aviation Corp., was able to go on flapping up the Hudson on its 342-mile route between Manhattan and Montreal. Under indifferent management, unfavorable airline conditions, it grew slowly to be a pipsqueak goose and for a long time brought its 15,000 stockholders nothing but deficits...
Slim, weatherbeaten Shannon Davidson was the first rider to reach San Francisco. At a pipsqueak reception on Treasure Island he collected the only prize, $750, and headed for home. Day or two later other contestants began to clatter in. One ranch hand, lost, tethered his horse in front of the San Francisco Stock Exchange. All were stony broke...