Word: slacks
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Dates: during 1930-1939
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...refurbished Columbus sails late in December for the West Indies she will be but one of the 30-odd important vessels "cruising for the winter"-a branch of shipping that many ocean lines now consider an integral part of their business, for it keeps their ships occupied during the slack transatlantic season. The cruising business has not yet been materially affected by the present depression except for the abandonment of the sold-out Round-the-World cruise of the Bremen scheduled for February 1938-due partly to cancelations by passengers after the early autumn recessions of the U. S. stockmarket...
...printed a parallel series of 1929 and 1937 headlines. In the Hoover tradition, but not the Hoover manner, the President let it be known that he hoped to end the decline not by Government spending but by doing all he could to persuade private capital to take up the slack caused by the curtailment of Government spending. This maneuver entailed a Recession from earlier New Deal fiscal policies...
...private capital to increase employment. . . . Private enterprise, with co-operation on the part of Government, can advance to higher levels of industrial activity than those reached earlier this year. . . . Such advance will assure balanced budgets. . . . If private enterprise does not respond, Government must take up the slack. ..." On the subject of taxes, the President in effect reiterated what his Secretary of the Treasury had said a few days earlier (see p. 16), in proposing to remove "unjust provisions." He also warned that "modifications adequate to encourage productive enterprises, especially for the smaller businesses, must not extend to the point...
...Slack-jowled Baron Erik Kùle Palmstierna, 60, since 1920 Swedish Minister to the Court of St. James, let it be known he had resigned his post effective January 1. Reason: to devote full time to spiritualism, on which he has composed a book (Horizon of Immortality). London gossip said his decision was the result of mystic advice supplied him at a seance...
...Others: scanty new building, the annual slack season for automobile manufacture. *A day later the I.C.C. allowed railroads in the Southeastern territory to raise coach rates for passengers from 1½? to 2? a mile...