Word: planned
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Dates: during 1920-1929
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Sponge Cake Showdown. On the fiscal battle line, choleric, drawn-faced Philip Snowden put away the clumsy weapon of personal insult, labored honestly to clarify the points on which he demanded concessions before Great Britain would agree to join with Europe in ratifying the Young Plan (TIME, May 13, et seq.). The plan proposes a certain division of German Reparations-called "sponge cake" by homely Yorkshireman Snowden-among the Creditor Powers (Britain, France, Belgium, Italy, Japan, etc.). Fortnight ago Chancellor Snowden rocked the fiscal and diplomatic worlds by demanding for Britain "MORE SPONGE CAKE!" But only last week...
...total) ? Instantly, an actor taking his cue, the Governor of the Bank of France, potent Emile Moreau, was on his feet. With flashing eyes he cried, "If the whole of this burden is placed on France, I will withdraw my signature as an original signer of the Young Plan...
Onetime Gov. William Lloyd Harding of Iowa (1917-21) spoke in favor of the St. Lawrence waterways plan...
Several years ago Squibb (always a fairly close corporation) permitted a number of retailers to buy shares of participating preferred stock. The present plan goes much farther. From the retailer's standpoint it works in some such fashion as this...
...made annual purchases of $500 a year from Squibb he is allowed to buy ten shares (at $50 each) of the 6% cumulative Distributors Preferred stock of a new company, Squibb Plan, Inc. With each $50 he puts in, Squibb Plan buys a share of the parent company's common, now paying $1 a share in dividends†. In addition Squibb Plan receives a sum from the parent company equal to 10% of the amount of the retailer's purchase of Squibb products and an additional 10% on the increase of his purchases over the previous year...