Word: sec
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Dates: during 1930-1939
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...event, each contestant fired 468 arrows at distances from 40 to 100 yards (two York and two American rounds). Each shot was the equivalent of lifting 44 to 52 Ib.-average "weight" or pull of a longbow-holding it at arm's length for 15 or 20 sec. Fatigue and nervousness often cause '"archer's freeze" which paralyzes the bowman's arm, prevents him from lifting it to the point of aim. Immunity to "archer's freeze" is a major requisite for winning the U. S. championship which is thus almost as much a test...
...committees and corporate reorganizations, the Securities & Exchange Commission took a long look at the Foreign Bondholders Protective Council, the quasi-public body whose duty it is to salvage something for the luckless owners of foreign dollar bonds. On the whole the Council received a clean bill of health from SEC. But the SECommissioners are perfectionists at heart, and in their report to Congress last May they had several suggestions to make...
Most of these suggestions had to do with the Council's finances. At present the Council is supported by voluntary contributions, three-fifths of its income being gifts from bankers. SEC has no very high opinion of bankers, particularly those bankers who helped foist on the U. S. public the $2,000,000,000 worth of dollar bonds now in default. Moreover, SEC found that bankers in their various capacities of trustees, paying agents and underwriters were frequently lined up on the side, not of their customers, but of their clients, the defaulters...
Having cogitated SEC's friendly criticism and suggestions, the Council's president, able, chubby J. (for Joshua) Reuben Clark Jr., requested the Secretary of State and SEChairman to appoint a two-man "Board of Visitors" to descend upon the Council ''from time to time with or without notice." For his man. Secretary of State Hull last week designated Herbert Feis, State Department adviser on international economic affairs, and SEChairman James McCauley Landis named the SEChairman-presumably Commissioner William O. Douglas, who is slated to succeed Mr. Landis when that New Dealer retires next September to take...
...Government would play ned with the New Deal's good neighbor foreign policy. Chief job of Mr. Clark's visitors will be to assure the public that the Council is not linked on the other side with the bankers. As SEC pointed out, the Council has not yet seen fit to publish a financial statement...