Word: steeled
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Dates: during 1930-1939
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...through to a decision so clear that it is accepted as being beyond recall." In Lincoln's case, "a generation passed before the new unity became accepted." In Franklin Roosevelt's case, "it is another conflict, as fundamental as Lincoln's, fought not with glint of steel but with appeals to reason and justice on a thousand fronts-seeking to save for our common country opportunity and security for citizens in a free society. "We are near to winning this battle...
...with the teller being convicted of a felony. In a temporary prison at the citadel of St. Martin-de-Ré, in the Bay of Biscay, the convict awaits the sailing of the plodding 3,800-ton "hellship" La Martinière, formerly a German freighter, now outfitted with steel-girded cells and mutiny-suppressing hot-steam hose. Into her hold go Foreign Legion deserters, Algerian Spahis convicted of rape, French Indo-Chinese murderers, Circassian thieves, arch-crooks from Montmartre. The ship arrives in 50 or 60 days at St. Laurent, on the Maroni River dividing Surinam* and French Guiana...
...trouble with "gentlemen's agreements" to stabilize prices, according to the industrial engineering firm of Ford, Bacon & Davis, is that 60% of the agreers are gentlemen, 30% just act like gentlemen and 10% neither are nor act like gentlemen. Result in the early years of the steel industry was that every price pool ended in price chaos. Then along came a gentleman who also carried a big stick-stern Judge Gary of U. S. Steel Corp. Since Big Steel at the turn of the Century had 65% of the total ingot-steel capacity, Judge Gary could easily knock into...
...dinners, Judge Gary in 1911 substituted the famed "Pittsburgh Plus" system-any steel consumer paid the Pittsburgh base price plus freight from Pittsburgh to his door, even though the steel might come from a mill in an entirely different location. From the steel-man's point of view, this was ideal, for it put all steel mills, no matter what their location, on an equal competitive footing all over the U. S. But consumers soon howled. A Chicago buyer in 1920 paid the $40 a ton Pittsburgh price plus $7.60 a ton freight from Pittsburgh, then found that...
...week long trading and prices reached new peaks. At week's end 10,000,000 shares had been traded, values had increased $5,000,000,000 and the industrial averages stood at 131.94, rails at 25.45, utilities at 20.58. Leading stocks showed such gains as U. S. Steel from $43 to $54; U. S. Rubber from $27 to $32; American Tel & Tel from $129 to $142; Chrysler from $42 to $57; N. Y. Central from $11 to $15; Electric Power & Light from $9 to $1 i ; Johns-Manville from $71 to $84; General Motors from $30 to $36. Moody...