Word: tiring
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Dates: during 1930-1939
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Professor Crew attacked the problem with direct simplicity. He made himself a sleeve from a length of automobile tire inner tube, in which he cut a square-inch aperture. Slipping his arm into the sleeve, Professor Crew thrust it into the 40 m.p.h. blast blown through a sunless wind-tunnel ordinarily used for testing model airplanes. During a half-hour exposure to the blast, the square-inch of bare skin "exhibited ''goose-flesh' but at no subsequent time was there the slightest evidence of reddening or chapping of the exposed area of skin," reported Professor Crew...
Last year after Depression deficits of $21,000,000 had frayed the fiscal treads of B. F. Goodrich Co., its president, James Dinsmore Tew, decided it was time for the rubber firm to get a new set of financial tires. He asked his stockholders to approve a new $45,000,000 first mortgage of which $28,000,000 was to be raised immediately. Of this sum $6,000,000 was for working capital to finance increasing business and $22,000,000 was to reduce interest charges by retiring 5 ½%, 6 ½% and 7% obligations of Goodrich and its subsidiary...
Meanwhile Goodrich tire repairers took up the problem of accumulated dividends on Goodrich preferred stock, which by last July had piled up to $35 a share, a total of $10,300,000 overdue. In the first half of this year the company made more money-$2,727,000-than in any first half since 1929. However, earned surplus, out of which dividend arrears would have to be paid, still amounted to only about a third of the arrearage. In July Goodrich directors proposed a recapitalization plan by which preferred stockholders would give up their birds in the bushes for birds...
Died. Louis Murphy, 61, U. S. Senator from Iowa; of injuries when his automobile's tire blew out; in Chippewa Falls...
...time the first light of Recovery was visible, however, Zenith had accumulated a deficit of $750,000. Then President McDonald began to expand as fast as he had retrenched. In 1934 he put over the first of his two most spectacular pieces of salesmanship. One day every tire and oil company in the U. S. got a telegram from Mr. McDonald: "WATCH ABSENCE OF PEOPLE ON STREET BETWEEN ELEVEN AND ELEVEN THIRTY DURING PRESIDENTIAL TALK." They watched, read a follow-up letter suggesting that they cash in on radio magic. Since then Zenith has acquired regular distribution through...