Word: stockmarketeer
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Dates: during 1930-1939
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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...
...local figures for compilation by the U. S. Labor Department. Not until the 1930 Census is taken in April can the true picture of labor conditions throughout the land be revealed. When President Hoover happily announced last month that U. S. employment had at last turned upward following the stockmarket crash, it was at best an intelligent guess. New York State Industrial Commissioner Frances Perkins declared last week that January unemployment in her state was the worst in 15 years, that labor conditions were "very serious." While the U. S. Labor Department insisted that employment would be normal...
...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...
...During my stay in New York I have heard . . . half a dozen great industrial leaders . . . some of whose names are familiar on both sides of the Atlantic . . . treat the recent stockmarket panic as lightly as one might regard an attack of chicken pox on a strong and growing youth. . . . Be a bull on America and you cannot go wrong! is one of their favorite sayings...
...Sept. 3, 1928, March 25, Oct. 7). The reasons adduced by Mr. Morley in his petition, more notable for turns of phrases than fiscal persuasiveness, were: 1) peculation and mismanagement on the part of former associates and employes; 2) superfluous production costs; 3) summer decline in business; 4) the stockmarket disturbance. Mr. Morley declared that solid assets exceeded liabilities, that creditors would be paid...