Word: stockmarketeer
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Dates: during 1930-1939
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...President himself made the point that ''it is time to stop calling 'wolf.' " He continued to turn a polite but unyielding ear to the radical inflation proposals of the silver bloc. More specific, Representative Pettengill told the House that the essentials of the stockmarket control bill dated back 25 years to Charles E. Hughes's proposals when he was Governor of New York. And the President's friend, Raymond Moley, took occasion in an address to the Advertising Club of New York to belittle the radicalism of the Administration's program by asserting...
...save the hide." When the House passed (280-to-84) the bill and sent it to the Senate, everyone knew that the final draft, with promised revisions, would ultimately be written in conference. Only Ferdinand Pecora, Senate Banking & Currency Committee counsel, pretended to believe that the opponents of stockmarket regulation still had a chance of working their will against the overwhelming sentiment of Congress and country. Therefore, as if to wither them with one last blast and put the control bill over the Congressional hump, he flung out to the Press what the New York Times called "an armful...
...form of gambling, betting on a horse race is less expensive than the stockmarket, healthier than playing cards, less brutal than bearbaiting, more spectacular than roulette. Largely because of these advantages, horse racing has long seemed a particularly pernicious sport to those who consider all gambling immoral. At the turn of the Century there started a wave of earnest reform to curtail gambling by putting a stop to racetrack betting. Typical was the history of the reform in New York, where there has generally been more horse racing than anywhere else...
...chief of the Commerce Department is Cord's ally. Fact: Mr. Vidal, when running the independent Ludington Lines, bought Stinson planes from Mr. Cord, later made a confidential airline survey for an advertising agency engaged by Cord. (Elliott Roosevelt got the agency the business through Cord's stockmarket ally, Frank A. Vanderlip.) The survey was not flattering to American Airways. Legend: James Aloysius Farley himself is Cord's good friend. Fact: Mr. Farley lately said, "I don't know Cord." Fact: Day after Cord announced he had bought New York Shipbuilding Corp...
...bill as the declaration of public policy (with which even President Whitney of the Stock Exchange found no fault) were centres of rousing wrangles. Alert to the wind's way, Senate Majority Leader Robinson last week called the bill "very extreme," adding: "I believe we will pass a stockmarket bill which will not damage anyone excessively and still be effective." Speaker of the House Rainey said: "I haven't talked with many Committee members but I understand there is an awful demand for revision. . . . There is considerable talk of liberalization and I think this can be done without...