Word: sevening
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Dates: during 1930-1939
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...bombing missions. One mutiny was said to have occurred among three squadrons of Field Marshal Göring's pet "Swallows of Death" wing stationed at Magdeburg, who were ordered to intercept Britain's leaflet raiders. Another mutiny was located in the reconnaissance groups at Kaiserslautern, where seven squadrons balked. They, apparently, did not relish the receptions the French in their Curtisses had been extending. This week the French General Staff reported the engagement of 27 Nazi fighters by nine French fighters in which one-third of the Nazis were shot down, none of the French...
...Brann's three-year-old Challedon, Charles S. Howard's four-year-old Kayak II and Townsend B. Martin's four-year-old Cravat (famed Johnstown was retired last month because of a mysterious wheeze). Challedon had won eight out of 14 starts this year; Kayak, seven out of nine; and Cravat had finished in the money in eleven out of 15 races...
From the only man who ever bought a business* from five Jews and sold it to seven Scotchmen at a profit, this was a dire prophecy. Yet the pert, imaginative magnifico-who cleaned up a cool million in Chicago's Marshall Field & Co. and in 1909 impudently invaded London, with U. S. merchandising methods-had reason to be glum. Three weeks ago he resigned his chairmanship of Selfridge & Co., Ltd., great, gaunt, sprawling department store on Oxford Street west of Oxford Circus, took the inactive, empty post of president...
...last week Jersey Central went bankrupt, joined 81 roads (over 31% of U. S. railroad mileage) that have gone into receivership since 1931. Driven to the wall by seven consecutive whopping deficits, its first eight months' operations this year showed a $2,709,000 net loss. Of its once lush freight business, about 50% was coal and 40% manufactured goods, and neither recovered from Depression I. With heavy fixed charges on a bonded debt of $51,198,000, the strain of depression was too much. But the straw that broke Jersey Central's back was taxes...
...State has assessed them a straight 100% on the assumed "real value of their property" (instead of the 30% to 60% base for other real estate). In 1937 the tax assessed was $9,902 per mile of line. It gave New Jersey the U. S. rail-taxing championship: nearly seven times as high as the U. S. average, 2½ times that of the next highest State (Rhode Island). It amounted for Jersey Central to the equivalent of $682 per employe...