Word: quarters
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Dates: during 1930-1939
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...French to Sir Douglas Haig. The Germans fired Moltke, then tried Falkenhayn and finally brought from the East old Paul von Hindenburg, who lost his war. But a few younger men in secondary posts came through the ordeal with reputations not only untarnished but so brightened that now, a quarter of a century after Armageddon 1914-18, it is they to whom their countrymen have given their arms to command in the war-darkened world...
...quarter of a century ago $3,000,000,000 was three times the U. S. national debt. The effect of such huge purchases was stupendous. Of the whole period, 1916 was the bonanza high point; common stocks of sixty-eight major U. S. industrials paid a total of $724,900,000 to investors during that year. Du Pont, Hercules Powder Co., Remington Arms, Savage, and Winchester Arms all got big Allied orders for munitions. U. S. Steel converted a deficit of $1,700,000 before common dividends in 1914 to a net for common...
...Dealers concentrated on gloomy calculations for the crucial second quarter of 1940. They figured on sharp cuts in spending: that WPA under new appropriations would be nearly $250,000,000 under April-June 1939, that PWA outlay, now around $150,000,000 a quarter, would sink to nothing by next spring. In the first half of 1939, although business in general was not booming, nonresidential construction hit a recovery high that exceeded even 1937. For this Government spending was responsible as the figures for contracts let show...
Today Government spending exceeds Government revenues by about $1,000,000,000 a quarter. By next spring the Government's deficit spending will probably be down to $600,000,000 a quarter. New Dealers, certain of a slump, were last week in a mood to let events take their course in order to tell Congress afterwards "I told you so." If there is no slump-the shoe will be on the other foot. Rather than sit back and tell the country to watch Congress ruin it, New Dealers may yet decide to go their own way and claim credit...
...same story, minus the sugar-coating common dividend. White-haired, springy, no geranium in the profane steel business, young (aged 38) Ed Stettinius is the kind of man who looks his Corporation's troubles in the eye. He announced: 1) that Big Steel would pay its regular quarterly preferred dividend (again better than 75% unearned); 2) that second-quarter earnings ($1,309,761) were about $650,000 more than the first quarter's-but only because the Corporation decided to cut depreciation charges by $700,000. Three days later Mr. Stettinius had no happier prospects when Montana...