Word: said
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Dates: during 1940-1949
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Last week the Council of the Caroline Institute at the University of Stockholm awarded the 1949 Nobel Prize in Medicine and Physiology jointly to Drs. Hess and Moniz. His half of the $30,000 would come in handy to Dr. Hess. Said he: "It will simplify my work. I have certain plans and everything costs money . . . Now I will be able to hire assistants...
...Fontana, Calif, steel plant and $54 million on Permanente Metals, Willow Run and the Ironton (Utah) blast furnace. To date, Kaiser has paid off a total of $70.1 million on Government loans and credits, and he has paid another $41 million to the U.S. in rents and interest. Kaiser said he has also poured $108 million in earnings and private loans into improving and expanding his plants...
...influenced, explained Harley Hise, by the dire alternatives for K-F if the money had been refused. Said he: K-F might have had to shut down, resulting in heavy unemployment. As it was, K-F last week had to lay off 5,000 workers anyway, while it tried to sell cars on hand. But Hise hoped that that was just a temporary situation and that "the loans will be repaid from earnings...
...preposterously wonderful world. "I am firm in my belief," wrote Millionaire John J. Raskob in the Ladies' Home Journal for August 1929, "that anyone not only can be rich, but ought to be rich." All anybody needed to do, said Raskob, was save $15 a month, put it into "good common stocks." At the end of 20 years it would have swelled to $80,000 and be yielding $400 a month in income. It was such an easy way to get rich that messenger boys stopped to read the stock-tickers in offices, chauffeurs drove with ears cocked...
...House of Morgan and the New York banks had put a cushion under the market. The market rallied. It looked as if the Morgan "miracle" had staved off disaster. "Business," announced Secretary of the Treasury Andrew W.Mellon, "is fundamentally sound." The Cleveland Trust Co.'s Leonard P. Ayres said there had been a security panic, with no economic basis. Banker Lament pronounced it only "a little distress selling." The National City Bank's Charles E. Mitchell saw "nothing fundamentally wrong with the stock market...