Word: shankses
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Dates: during 1940-1949
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Getting to work on a reorganization plan, Mr. Steere (representing the stock holders) finally made a pact with Prudential Insurance Co.'s Carrol Shanks (representing the bondholders) in March 1937. Their plan would have given C. & O. a 14% interest in the new common for its old.
The second effort to reorganize was a bondholders' plan - and there was no doubt as to who the No. 1 bondholder would be. Just to make sure, Jesse Jones put his own man on the three-man reorganization committee - RFC's John Bar-riger, who went in to...
Kipling despised and hated democracy in all its forms. "Democracy," says Mr. Shanks, "meant to him simply a system under which incompetent people strove to take work out of the hands of people competent to do it." Kipling apparently imbibed this conviction with his mother's milk, and it...
Against such blunders of taste and knowledge (Mr. Shanks's prime example: "When an American knows the innermost meaning of 'Don't press, slow back and keep your eye on'the ball,' he is, for practical purposes, denationalized")-against Kipling's asinine omniscience, bouncing...
Mr. Shanks is not very convincing when he argues that Kipling's later years were his best, or that Kipling is altogether the great writer-or quite the sort of great writer-Mr. Shanks tries to make him out. Kipling's greatest legacy to letters Mr. Shanks dismisses...