Word: unsoundness
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Dates: during 1930-1939
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Crackpots. Plans like California's $30 Every Thursday, Indiana's $30 on Monday, and the Townsend Plan, which Franklin Roosevelt dismissed as "unsound," flourished more vigorously than ever in the soil of senile insecurity. Dr. Townsend, still promising up to $200 a month to be raised by a hazy "transactions tax," sat in Washington waiting to be called by the committee. Meantime, his organization's chief rival, the General Welfare Federation of America, got its crack at the committee last week...
...started the building of California's Santa Anita six years ago, had a harder time than he expected getting his latest racetrack in operation. He had to appeal to the State Supreme Court before he could get a permit from the Florida Racing Commission, which felt it was unsound for two tracks to operate at the same time in Greater Miami. After the permit was finally granted, Promoter Smoot decided to pull out. Contractor Horning, by this time infected with Promoter Smoot's enthusiasm, took over the track. He figured there were plenty of horses (2,400) wintering...
These findings, published in eight newspapers, aroused Crowell Publishing Co. (Collier's) to deny publicly any connection with the study, deny its attributed audience of 15,900,000, declare such figures "unsound and confusing." Advertising Age, admen's newspaper, reported a long background of discussions toward a cooperative study by advertising agencies and leading magazine publishers to measure "the limits of magazine audiences, thus giving advertisers a readership potential comparable with the number of radio sets," hazarded a guess that publication of LIFE's first findings might accelerate this cooperative project...
...engineer, built fabulous Hopewell, Va. for the Du Fonts in Wartime, and moved up to manage various Du Pont enterprises. He had a record as a trouble shooter and a trouble shooter was what U. S. Rubber needed in 1929. This biggest unit in the industry had been internally unsound when the Du Fonts bought into it in 1927 and 1928. Francis Davis, diagnosed its troubles as twofold: the general collapse of crude-rubber prices that began in 1925 and the individual collapse of U. S. Rubber, suffering from obesity...
...rush) was "false employment, it builds no permanent structure and creates no consumers' goods for the maintenance of a lasting prosperity. We know that nations guilty of these follies inevitably face the day either when their weapons of destruction must be used against their neighbors or when an unsound economy, like a house of cards, will fall apart." To get as much virtue as he could out of his new necessity, Mr. Roosevelt last week explored ways of putting Relief money and workers into rearmament work...