Word: seaboard
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Dates: during 1930-1939
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Lacing the eastern seaboard like a big X, one of whose axes runs from Chicago to Miami and the other from New York to Houston, Tex., Eastern Air is the fourth biggest U. S. airline and the only major domestic one to make a sizable profit in 1937-$270,000 before income tax deductions. This makes it a choice business property, but North American Aviation found possession embarrassing because the Air Mail Act of 1934 forbids one company both to have airmail contracts and to manufacture airplanes. North American is the only U. S. concern to have gotten away with...
...each seaboard: "We cannot assume that our defense would be limited to one ocean and one coast and that the other ocean and the other coast would with certainty be safe...
...really ran the Treasury for two years before his superior resigned. Since 1933, Ogden Mills has been trying to help put the Republican Party together again, running his private finances which included directorships in Cerro de Pasco Copper Corp., Chase National Bank, Mergenthaler Linotype Co., National Biscuit Co. and Seaboard Oil Co. A liberal in matters of economics, he was too much of an Old Guard Republican in political reputation to carry much weight in 1936. After a summer of cruising on his yacht Avalon and two weeks of slight illness that had caused his doctors no alarm, Financier Mills...
...that discretion was the better part of principle-simultaneously signed the Sugar Bill and denounced it, indignantly insisting that a sound measure had been "seriously impaired in its value by the inclusion of a provision designed to legalize a virtual monopoly in the hands of a small group of seaboard refiners." He added: "I am approving the bill with what amounts to a gentleman's agreement that the unholy alliance between the cane and beet growers on the one hand, and the seaboard refining monopoly on the other, has been terminated by the growers. That means that, hereafter...
Other companies offering stock last week for the dual purpose of refunding and increasing working capital included Chicago Pneumatic Tool (70,000 shares of convertible prior preferred) and California's Food Machinery Corp. (40,000 shares of convertible preferred). Little Seaboard Finance Corp. went to market with 20,000 shares of convertible preferred to expand its small-loan and installment paper business in Virginia, Tennessee and Georgia...