Word: rates
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Dates: during 1930-1939
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Ernest Angell, for two years administrator of the Securities & Exchange Commission's New York office, last week resigned to return to private practice. In so doing, he was following a well-established precedent which has given SEC about the highest rate of personnel turnover in the Government. Reasons for this are twofold: 1) though SEC is full of career men, only a few top-of-the-heap jobs pay an adequate salary; 2) SEC is also full of bright young lawyers who are glad to starve for a year or two in order to get an insight into...
Month ago Franklin Roosevelt was asked when he was going to have his conference with U. S. railroad men. He replied that he would not do so until the Interstate Commerce Commission announced its decision on the railroad application for a 15% freight rate rise, which he understood would be in a few days. Washington immediately took this remark as an obvious White House nudge in the commissioners' dignified ribs to hurry up and grant the rate rise before the roads folded up completely. In their own good time, last week the eleven commissioners, Mr. Mahaffie dissenting...
...pull the roads out of the worst hole in their rocky, century-long financial history. The Depression knocked the railroads groggy. The Recession has all but knocked them out. To railroaders the reason is simple: never since the first spike was driven have railroad costs been higher, never have rates been relatively lower. In 1937 railroad fuel and material costs rose $100,000,000, taxes $60,000,000, wages $140,000,000. Income, meanwhile, was reduced 1) by the ICC elimination on Jan. 1, 1937 of some $120,000,000 in emergency freight rates granted in the Depression...
...five playwrights stand almost at the top of the U. S. theatre; only Eugene O'Neill in drama and George S. Kaufman in comedy rate higher. Four of the five have won the Pulitzer Prize: Howard for They Knew What They Wanted (1925), Rice for Street Scene (1929), Anderson for Both Your Houses (1933), Sherwood for Idiot's Delight...
...rest their eyes from newspaper headlines (see p. 19), Manhattanites last week thronged into half-a-dozen first-rate exhibitions which made the season of Lent almost an art season in itself...