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...cooling period that must by law elapse between the registration and sale of any new security. During the 20 days, underwriters and dealers chew their nails, hark nervously for stop orders, sometimes watch a good market turn into a bad one (leaving them holding the bag). When Emmett ("Spike") Connely became president of the Investment Bankers Association last year and declared open war on the Securities Acts, the 20-day clause was his first objective...

Author: /time Magazine | Title: WALL STREET: No More Cooling | 7/22/1940 | See Source »

...consolidate over 20 Atlantic seaboard trucking firms (employes 30,000; total '39 gross, $40,000.000) into one $25.000,000 firm. The deal: Transport Co. to buy the truckers for about 75% cash, balance in common & preferred stock of the new company. ∧ Be-goggled Detroiter Emmett Francis ("Spike") Connely, head of First of Michigan Corp., became first paid president of conservative Investment Bankers Association. Rumored maximum salary: $40,000 a year. He authored and will promote I. B. A.'s new publicity program, tell the public that New Deal business regulation is hurting business, not helping...

Author: /time Magazine | Title: Business & Finance: Business As Usual | 5/27/1940 | See Source »

Last year Paramount Pictures threw a big costume party in Omaha, Neb. to give its Union Pacific a rousing sendoff. Exuberant citizens had so much fun they decided to have another Golden Spike...

Author: /time Magazine | Title: Radio: High Jinks in Omaha | 5/27/1940 | See Source »

...Omaha convention, which coincides neatly with the Union Pacific's Golden Spike celebration, Gracie will travel over the U. P. lines in W. Averell Harriman's private car, will have a torchlight parade of 25,000 whiskerinos...

Author: /time Magazine | Title: Radio: Ccmdidette | 3/18/1940 | See Source »

...Faculty committee stated that "commercial tutoring schools are indefensible from the point of view of any sound theory of the educational process." Reads of nearly all the large courses warned students against tutoring, and devised systems to spike "spoon-fed" information...

Author: NO WRITER ATTRIBUTED | Title: University Renews Measures to Discourage Students Employing Tutoring Schools for Midyears | 1/10/1940 | See Source »

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