Word: set-back
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...editorial did recognize that the crash was more than a temporary set-back. "It is inconceivable that business conditions will not be affected in some way by this great decrease in the public's purchasing power--in spite of reassuring messages by President Hoover--and it would seem a reasonable guess that luxury lines and those trades which have padded their sales with the somewhat artificial methods of installment buying will feel such ill-effects as are developed...
...times have radically changed from the beginning of the century when Porcellian could turn down Franklin Roosevelt for having an unbecomingly wide acquaintanceship, there are two causes. The first, President Lowell's House system was the most serious set-back; the second world war was the second. President Lowell, himself an honorary member of Fly, had long considered the club system undemocratic. "A club is useless," he once wrote, "unless you can keep somebody out." With the Harkness millions, Lowell saw a way to fill in the social chasm between the Gold Coast of Mt. Auburn street and the less...
...Chess Club and New York University's chess team. Initial contact was made, but just as the match was about to begin, the New York Wireless Club went off the air for unexplained reasons. The College club hasn't been able to contact them since Despite this temporary set-back President Hirschman plans more attempts at wireless chess matches next year...
...crest of a three game winning streak following the Bermuda debacle, the rugby fifteen will seek revenge this afternoon for a 5 to 3 set-back by the Elis. To Captain Joe Easton and 14 other ruggers, "victory will mean a successful season." The contest will take place in New Haven...
Then Herbert Hoover set forth a plan that completely about-faced the American program for Germany. Heavy industries are no longer the scape-goat of post-war planning but receive the coal with which Potsdam had intended to bolster Allied countries, French recovery receives a staggering set-back under the new plan, for Germany now retains 79 percent of its own mined coal and the Saar mines fall far short of the production needed to smelt down Alsace Lorraine ore. France must either pay $22 per ton for American coal or do without the fourteen million tons her industries lack...