Word: walling
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Dates: during 1930-1939
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...Bluff and the fouler prospects of graduating into a depression. One afternoon last week, with 35,000 miles in her wake and her bows scoured with the spray of more than seven seas. Idle Hour breezed in from the blue Atlantic and hove to off Manhattan's Battery wall. At her helm was no pessimistic college senior, but a persuasive, soft-spoken yarn spinner who had ridden out a depression, tasted the tang of the world, and had a tale to sell...
...popularized by the Cubans,* is played on a concrete court about half the length of a football field, marked off to let the speeding players readily know where they are and to determine the boundaries of a fair serve (between the fault and pass line)-see diagram. Three walls are of concrete, the fourth is of wire netting to protect the spectators from a ball that travels 100 miles an hour. Object of the game is to scoop the ball (either in the air or on first bounce) as it bounds off the front wall, and, in a split second...
Most spectacular maneuver of jai alai is the rebate (pronounced re-bó-tay): recovering the ball off the back wall in a wide sweeping arc that usually topples the player to the ground...
Until the World War the public debt of the U. S. never exceeded $2,500,000,000. But by 1919 the liability side of the U. S. ledger carried a then-stupendous total of $25,000,000,000-and Wall Street had a lucrative new field, trading in Government bonds. First kingpin in this field was Charles Frederick Childs, who sold his business in 1928 after flinty Andrew Mellon's slashing of the public debt by $10,000,000,000 slashed the turnover in "Governments." Although Trader Childs bought back his firm when Depression I brought a new tide...
Devised by the Wall Street house of John J. Bergen & Co., Ltd., the new issue is composed of $4,000,000 in 5% debenture shares to be sold at $25 each. Convertible into stock at fixed intervals, the debentures carry no lien but Sunray Oil covenants not to create any mortgage, pledge or lien upon its shares unless the new debenture shares are equally secured. In having no fixed maturity, the new issue is like a consol or certain British "debenture shares." Where the new issue is unique is in Sunray's contract to set aside a sinking fund...