Word: stewardship
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Dates: during 1930-1939
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...inflated era of spending has suddenly sobered the American public. It isn't jokes and cocktails that they want now. It is bread and butter and facts. . . . These are the times when the conduct of a daily newspaper ceases to be a commercial enterprise. It becomes a stewardship that often involves great self-sacrifice and great courage...
...Federal Council of Churches printed last week a table issued by the United Stewardship Council showing church giving (for all purposes) during the church fiscal year which ended, variously according to denomination, between December 1930 and April 1931. Average decrease from the previous year: 6.5%. It is estimated that the next decrease, when tabulated, will be greater. But the figures on last year's giving, said the Council, could be contrasted with the estimated drop in the nation's income during the same period, which was 20%. Some figures on Church giving...
...hours' notice. Another ailing conductor gave Eugene Ormandy his big chance last week: Arturo Toscanini was unable to keep his engagements with the Philadelphia Orchestra because of arm neuritis. Illustrious conductors are difficult to obtain on short notice. The management thought of Ormandy, his good stewardship in radio (Dutch Masters, Jack Frost hours), his occasional successes at summer concerts in Philadelphia and Manhattan. A bit bewildered by his good fortune, Ormandy set out for Philadelphia, conducted so expertly that even Stokowski addicts were enthusiastic. Minneapolis, hearing of his achievement, immediately summoned him to substitute this week for Belgian Henri...
...sliced dividends, lower interest rates. "No banker reduced these wages of money as a matter of personal desire. . . . Anyone knows that wage levels are controlled by impersonal economic principles. . . . I'm not saying wage reductions should be made but it would be a very questionable act of stewardship if an industry attempted to keep wages or other costs at any arbitrary level at the expense of the capital funds of the business. If any banker reaches a conclusion that wage cuts are inevitable, he is fully within his rights to say so. He is merely interpreting impersonal events...