Word: plows
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Dates: during 1930-1939
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With the new Federal tax on undistributed corporate earnings, plow-back financing may be very costly to stockholders. One loophole-for the corporation but not the stockholders-is to pay dividends in stock. That is the second use to which C. & O. will put its new preferred, a $2 extra in preferred stock being planned for this year. A $1 extra in cash is also planned but C. & O. will still retain enough of its 1936 earnings by the preferred plan to finance its ordinary improvements...
...after making plows for 23 years for Deere & Co., George Nelson Peek became president of Moline Plow Co. at $100,000 a year, made General Hugh Johnson his chief counsel. As a manufacturer of agricultural machinery, he naturally became deeply interested in farm problems. As a politician, he began agitating for an export subsidy for the U. S. farmer. When Republicans did not solve the farm problem according to his lights, George Peek became a Democrat. As a Democrat he became head of the AAA. As head of the AAA he quarreled with Braintrusters over the agricultural codes, finally resigned...
...between this superman, and the Kansan who, according to New Dealish Washington, doesn't know the difference between international affairs and the plow business. Minnesota, one of the pivotal States, will choose the man who "stared at the carpet, pondered a full five minutes...
...bedroom when my son-in-law walked in and said: 'I have a wedding present for you.' . . . I closed my eyes . . . felt something cold being pressed against my left temple. . . . Opening my eyes I saw that it was actually a revolver. . . . I felt the bullet plow into my head." In another bed in the same hospital lay his polo-playing son-in-law Donald Burdick, 39, whom milkmen had found unconscious in the wreck of an automobile, morning after the shooting. Moaned he: "I'll be ready to talk when I feel better...
This year advertisers will pay nearly $100,000,000 to the eight U. S. networks,* 561 stations, for time rental alone. Of this the stations will plow back less than $10,000,000 on sustaining (noncommercial) programs. It will take another $51,000,000 to pay the vaudeville, theatrical and cinema talent which this year will pump commercial entertainment through the 26,000,000 loudspeakers of the land. This opulent wedding of Big Business and Show Business will thus beget a lively brood of ck ,vns and crooners, ingenues and instrumentalists, mimes and maestros who serve as U. S. Industry...