Word: rea
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Dates: during 1940-1949
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...President listed more: slum clearance, old age and unemployment insurance, aid for the blind and crippled, the public works program (both PWA and WPA), minimum wages and maximum hours, the CCC and NYA, abolition of child labor, the break-up of utility monopolies, TVA and REA, flood control, water conservation and drought relief, crop insurance and the ever-normal granary...
...Herald Rea Cox, 34, U.S. Public Health Service bacteriologist stationed at the Rocky Mountain Laboratory in Hamilton, Mont. He found a new and safer method of making typhus and Rocky Mountain spotted fever vaccines-cultivating them inside half-incubated eggs. The typhus vaccine is being used by the U.S., Britain and Canada to immunize their armed forces...
...hayloft out. First thing was to use more & more machines; last year they bought a record-breaking $735,000,000 worth v. only $607,000,000 worth (at higher unit prices) in free & easy 1929. They also went in for more electricity (it was poured into their laps by REA), more fertilizer, better seeds, better livestock breeding practices...
...implacable SEC-hater (he likes to call SEC treatment of Wall Street "mental cruelty"), Banker Rea nonetheless was ahead of the more appeasement-minded Stock Exchange on reforms in line with SEC notions of how an exchange should be run-notably on promptly publicizing and summarily punishing violators of Exchange rules (including a former Curb governor). The Curb also took the lead in buying in Exchange memberships, to give the remaining members a bigger share of what business was left. Already 50 seats (10% of total membership) have been bought out and retired...
...Rea's nonpaid successor at the Curb is Curb Chairman Fred Gushing Moffatt, whose longtime brokerage business has earned him enough so that he can afford to work for nothing for a while...