Word: stockmarket
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...Hume Anthony, in last year from Judge as a resuscitator. But it was not Editor Anthony who thought up this smartest of stratagems. man whom an admiring fraternity in applauding was broad-browed Burtch Winters of the advertising of Erwin, Wasey & Co. That firm is one which, while the stockmarket was crashing last autumn, struck the note harped upon by President Hoover his doctors of industry: "Let's go to work...
...When the stockmarket crashed last year President Hoover looked ahead to just such an unemployment crisis as befell the country. He tried to cushion its full impact by inducing Big Business to expand their construction activities, to keep as many workers as possible busy. Last week he conferred long with Secretary of Labor Davis, Secretary of Commerce Lament, then spoke out for the first time on the results of his economic endeavors...
During 1929 a great merger wave swept through U. S. banking, causing special activity in Manhattan where many a big combine was effected. With the stockmarket break, an abrupt end came to the move, its finale being the collapse of the National City-Corn Exchange merger. Last week there were rumors of another deal of first magnitude, and bankers predicted that the merger wave will soon be in full force again...
Agile Old Guardsmen quickly spread the impression that President Hoover held the Coalition responsible for the tariff delay. The White House cautiously bolstered up this belief by hints that the recovery of Business and Industry after the stockmarket crash was being retarded by the tariff. Every partisan effort was made to discredit the Coalition's management of the tariff bill. The Coalition's defense: The House without adequate debate had passed a tariff bill with exorbitantly high rates; the Senate had to revise the whole measure; revision with fair debate took time. Declared Senator Borah: "Time is not nearly...
...views on speculation were much the same as those he has already expressed: "I don't know anything about the stockmarket. I do believe, however, that when the people generally speculate in stocks in a substantial way it costs everybody money. Too much speculation is a bad thing. . . . More brains are being retarded by the striving for money than any other thing...