Word: snyders
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Dates: during 1950-1959
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...distribution points it has to deliver TIME, on time and in the correct quantities, to 45,000 news dealers, stationers, booksellers, druggists, department stores, etc. throughout the U.S. and Canada. Among other things, these magazine retailers are a source of continuing information about TIME readers. For instance, Dave Snyder, who runs a newsstand in Denver, reports that his customers always "beef" on the few occasions when TIME is late. Like many other dealers these days, Harold Raub, who operates a newsstand in Battle Creek, Mich., has had a hard time keeping enough copies of TIME on hand since the Korean...
...gaily decorated siding under Manhattan's Waldorf-Astoria Hotel, railroad men saw something new in freight cars this week. It was the "Unicel," a gleaming white freight car made almost entirely of plywood. "This," said John I. Snyder, 40, chairman-president of the Pressed Steel Car Co., "is the first really new freight car built in the U.S. in half a century...
...quite that long. But Snyder's car is the most radical change in design since steel boxcars were first introduced in 1914. Though it is 30% lighter than a steel car, the plywood car has withstood three times as much pressure in "squeeze" (collision) tests between two cars. Thus it is not only cheaper to haul but could trim the big-$115 million in 1949-railroad bill for damage to freight...
Sabotage. Actually, FRB's efforts so far to fight inflation by restricting credit have been all but sabotaged by John Snyder's Treasury Department. As long ago as August, FRB made its first move to discourage borrowing by boosting the discount rate and dropping its support prices of many U.S. securities, thus pushing up interest rates throughout the U.S. (TIME, Sept. 4). But when the Treasury put on the market a record-breaking ($13.5 billion) issue of short-term notes, it refused to accept the higher rates, insisted instead on its long-standing policy of cheap money...
...increased the amount of money available for loans to its member banks. If the banks took advantage of this, commercial loans, in the end, might rise even more. In short, before FRB could make its sensible anti-inflationary policy effective, it had to have a showdown with Snyder...