Word: prospectuses
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This is the course that appeals to me. It is based on a possible military prospectus and holds hope for a future settlement. The course offered by the administration doesn't do either of these things and what's more, it doesn't seem to think it has to. By failing to give a frank picture of the situation, they are undermining the whole idea of democratic reason and betraying the intelligence of the people. Unless we quit this muddy thinking and adopt a clear-cut sensible program we will continue to dissipate our strength and our ideal...
...last column I discussed the irrationality of a beat Hitler policy which isn't based on a very definite prospectus of the means by which it is to be achieved. This week I want to consider the irrationality of a program adopted with no definite idea of its ultimate end. As far as I can see, we have made no effort to see this war as a world revolution, but are plunging along on the theory, "he hit me, so I hit him back." National discussion today revolves about the efficacy of our program from a completely starry-eyed point...
What makes me mad about our national policy is that it is based on incomplete reasoning. The equivocal speeches of the President fail to carry the idea of defeating Hitler through to a practical program. There is no military prospectus which deals with the actual facts in front of us yet. Such a prospectus it seems to me is of vital importance. It is the first premise of our whole Beat Hitler policy...
Exactly why A.T. & T. stockholders were so reckless was a Wall Street mystery. Many of them ignored the letter sent with the bulky, legally worded prospectus, got no "job-up" letter to enlighten them (something A.T. & T. is neither obliged nor forbidden to do). Another reason was plain carelessness. The rights expired on the Labor Day weekend, when many a shareholder was more interested in golf than gilt-edged bonds...
...important PM personage is not mentioned in Parade's prospectus-PM Publisher Ralph Ingersoll himself. Not only has he no revealed connection with Parade, but two of its chief executives-vice president and secretary-treasurer-are people with whom Ingersoll does not get along too well. They are William Baumrucker Jr. (PM business manager) and Donald F. Stewart (PM treasurer...