Word: tuckered
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Dates: during 1940-1949
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...many-armed U.S. Government last week was engaged in a tug-of-war with itself over Preston Tucker, designer of a rear-engined automobile named the Tucker 48 (once the Torpedo). The War Assets Administration had leased Tucker the $70 million surplus Chicago Dodge plant, world's largest. He had promised to have $15 million in cash on hand by July 1 to build cars...
Last week the Securities & Exchange Commission made it hard for Tucker to keep his promise. SEC refused to let Tucker sell $20,000,000 in common stock to finance his car. Said SEC: Tucker's stock-registration statement contained incomplete and false statements. False entries, said SEC, had been made in Tucker Corp. books to conceal payments of cash and promises of stock options to promoters. Tucker said that he could explain everything. This week SEC began a hearing...
...Tucker in Red. In the nine months that he had been in the Chicago plant, Tucker had displayed remarkable ability to get Government help. His car-making consisted in building one handmade Tucker (see cut) painted a fiery "Tucker red." WAA had leased the plant to Tucker after turning down an offer of $12 million from the Consolidated Grocers Corp. It also contracted to pay Tucker some $75,000 a month to pay a staff to look after the $100 million worth of Government tools and surplus equipment in the plant. In return, Tucker promised...
...University had turned out Woodrow Wilson, Edgar Allan Poe, and such living lights as Railroader Robert Young, Senator Alben W. Barkley, Bishop Henry St. George Tucker, Erskine Caldwell, Ed Stettinius (now the University's rector). But in 1940-41, only 122 of the state's 6,856 white high-school graduates went to the University. Complained the Richmond Times-Dispatch's Editor Virginius Dabney, '20, last week: too many University students were "young wastrels [with] large bankrolls and few serious intentions of studying." What's more, he added darkly, most of the wastrels were...
When the U.S. declared war, Fred came home, joined the Army, entertained in camps. After the war he took the name of an actors' agent, broke into the Keith circuit as Fred Allen, touring with the likes of Sophie Tucker, Eva Tanguay, Rooney & Bent. His act began on a dark stage with a spotlight on a placard, reading: "Mr. Allen Is Quite Deaf. If You Care to Applaud, Please Do So Loudly." His suit, he confided to the audience, had been made in Jersey City-"I'm a bigger man there than I am here...