Word: siphon
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...most congested quarter. Following many of the suggestions of the McMillan Commission, which revitalized neoclassic Washington in 1902 and revived the basic plan, Mellon proclaimed that he too built in the tradition of L'Enfant. But L'Enfant's broad, radial avenues were meant to siphon off horse-drawn traffic as handily as possible. MelIon's Triangle blocked off some streets, bunched the biggest buildings at points where few traffic-discharging arteries flowed...
...change his mind. For the first time, and only in Michigan, the right people are buying his defense bonds. Main objective of defense bonds was to sell huge amounts of Series E bonds and defense stamps (face value: 10? to $1,000) to individuals, thus siphon off excess buying power and postpone inflation. Through June 30 (latest available figures), national bond sales were $713,668,000, a satisfactory total. But of this total, banks & trust companies bought about $460,000,000 in Series F & G bonds (face value: $100 to $10,000), because the 2½% return was higher than...
...have had his doubts about the Dunne brothers, and Labor Leader Dan Tobin has a big business (500,000 members, more than $6,000,000 in the bank). Uncle Dan decided that the Dunne brothers were too radical. He expelled them, set up a rival union and tried to siphon off their followers. The scheme fizzled. Uncle Dan gulped, took the Dunne brothers' Local 544 back in again...
...conditions after the war will be the worst ever because the U.S. entered the rearmament spree without first setting its economic house in order. 2) Investors are sure the Administration is fundamentally unfriendly to business, expect company profits to be squeezed between rising wages and taxes carefully planned to siphon off profits. 3) Demand for stocks is being cut by prospective taxes aimed at oversaving among the fiscally fat classes who usually buy stocks. At the same time, the British are unloading their investments here...
...moment, there was a strange gaiety last week. The most reliable index of Yugoslavia's enthusiasm is the amount of glass that gets broken. In Belgrade champagne bottles, having uttered their pops and spilled their bubbles, smashed against walls. Glasses, having been touched in toast, crashed into fireplaces. Siphon bottles, mirrors, windows were broken in greatest good humor...