Word: tion
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...acquired. His basic idea was to give a smart backfield, big or little, the advantage over a heavier team. (Average weight of the Horsemen was only 164-lb.). Most conspicuous features of his system are a hop-shifting backfield; deft, sidewise blocking in the line; the box forma tion of the backfield; the seven-man line on defense. On offense, almost every line man has the job of blocking one assigned opposing lineman, leaving the entire backfield free to run interference for the ball carrier, "power ahead of the ball." On defense the man-for-man assignment is worked against...
Most merchants know that when their goods will not sell, a sure way to move them is to cut prices. Sales of something the railroads sell-passenger transporta-tion-began to fall after the War and they kept right on falling until last year when they were 70% off from 1920. Untrained as merchants, railroadmen believed that the traffic they had lost to the automobile, airplane and bus was lost for good & all; fare-cutting would merely reduce what little passenger revenue they still had. Early this year President Whitefoord Russell Cole of Louisville & Nashville, a big, genial, iron-haired...
...unless there was a great outpouring of printing-press money. His polls of Congress showed a 20-to-1 sentiment in favor of quick inflation. Nevada's Senator Pittman tried to interest the White House in inflation by the free silver route. In Idaho Senator Borah rumbled: "Infla-tion is indispensable to the success of the NRA." A growing demand was developing for the Treasury to pay off depositors in closed banks with $3,000,000,000 in "greenbacks." The Iowa Farmers' Union was ranting for inflation and Secretary of Agriculture Wallace's scalp because he refused...
...funded debt is still $91,000,000. T. G. Lee could do this simple bit of arithmetic: add to $6,000,000 (interest charges), $4,000.000 (guaranteed dividends on the preferred stock of its subsidiary, Armour & Co. of Delaware) and $7,000,000 or $8,000,000 (for deprecia- tion) and the total makes over $17,000,000 that Armour & Co. must earn before it will have any profits to pay dividends on its own preferred and common stock. Adding the fact that some $10,000,000 of unpaid dividends have accumulated since 1931 on Armour & Co.'s preferred...
...adjourned. Last week when the meeting was held the outcome was already settled. Mr. Lee had announced that although the management held proxies for 65% of the stock (66⅔% were needed to authorize the reorganization) to 10% for the opposition, so many stockholders had announced their inten- tion of demanding cash that the plan could not be satisfactorily carried through...