Word: roebuck
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...Sears, Roebuck and Montgomery Ward cut their down payments to 10% and extended payment time on the balance to 18 months. But the credit agencies were more conservative. Said John J. Schumann Jr., whose General Motors Acceptance Corp. last year advanced $411 million on the sale of automobiles and other GM products: "It behooves . . . banks and other financing agencies to use their heads as never before." At a meeting of the District of Columbia Bankers' Association the Federal Reserve Board's M. S. Szymczak warned that if bankers permitted the credit structure to get topheavy...
Mending Hinges. Biggest trouble of all were the exorbitant SCAP-set prices. But traders thought that many of them were caused by the bungling of inexperienced SCAP supervisors. According to some traders, SCAP officials thumbed through Montgomery Ward and Sears, Roebuck catalogues, knocked off perhaps 10% for profit, announced the result as the world market price-giving not a thought to charges for freight, handling, duty, etc. that the foreign buyer would have to pay. A story making the rounds told of one SCAP official who handed a pair of gloves to his secretary, asked her, "What would...
Chemical Job. When the White House turned her down, Reporter Craig said: "Lack of toilet facilities is a trivial excuse. I would settle for one of those chemical jobs they sell at Sears, Roebuck. They'll be sorry. . . ." Clearly, Harry Truman would have to do something about May Craig...
...nation was not doing much worrying. This did not mean that the average citizens agreed with Sears, Roebuck's General Robert E. Wood, pre-Pearl Harbor leader of the America First Committee, who concluded that Europe was finished, who suggested that 20 to 30 million Britons, Belgians and Hollanders should move elsewhere, and proposed to write Europe off except for some "charity." There was endless grumbling, particularly in the Midwest, about U.S. exports of goods and foodstuffs. But millions in the U.S. were resigned to the idea that something had to be done in Europe-and that...
This leaves a residue of perhaps two million typists and filing clerks who have scarcely more opportunity to affect the national weal than their counterparts at Sears Roebuck's. Even if a good percentage of them were Muscovite zealots, they could still be no more effective than their fellow employees' morale allowed. The Presidential and Republican pretense that the more exposure of Federal workers to such employees' Marxism means automatic conversion, is something less than believable. The question here is academic, of course, because few modern Communists publicize their affiliations. This evasion has provided a field day for the witch...