Word: wallness
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Dates: during 1930-1939
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They all think that they are trapped in a saloon by a flood. So they wall up the windows, thereby concealing from themselves the true state of affairs outside, and then they make sundry efforts to preserve their morale. Then, it is not so much that the danger passes, as that they find that they never were really in any genuine trouble anyway. What they took for a flood was really only a cloudburst, and the hermetically sealed door and windows only served to make the room stuffy. The result of this blunder is a wave of cynicism decidedly more...
...Cecilia M. Bainton, a popular music teacher in the Boston schools. It was not long before Neville had Miss Bainton lending her name to The Bainton Associates, Inc., which purported to be an investment trust paying 25% returns monthly. Hypnotic, honest-looking Neville convinced his clients that as a Wall Street wizard he could make this profit possible by trading their money in stocks. Mr. Neville further convinced everyone of his good faith by marrying Miss Bainton's niece...
...Noted with glee by Wall Street newshawks in the annual report of the New York Stock Exchange last week was an item relating to the Exchange's own investments: "Loss on sale of securities $13,452.70." That, however, was an improvement over the year before when the Ex change as an institution took a $19,254 loss on investments...
...gave an artificial boom to U. S. shipyards, and at 29 Joe Kennedy became boss of Bethlehem Steel's Fore River Shipbuilding Corp. After the War, as the U. S. merchant marine began to go under for the second time, Joe Kennedy cut loose to make millions on Wall Street and Broadway. In 1935, when President Roosevelt asked Congress to revive U. S shipping, Joe Kennedy was the nationally acclaimed chairman of the Securities & Exchange Commission, the New Deal's most successful reform to date. Last summer Congress passed the Ship Subsidy Act, authorizing a five-man Maritime...
...London market into confusion by suddenly upping second-quarter quotas from 100% to 110% of 1929 figures. Copper, which was 13? per Ib. a month ago, was boosted for the fourth time this year to 16?, while in London, where speculation in metals is now as wild as Wall Street's wildest days in stocks, copper soared above 17½?. So mad was the copper market that Business Pundit Bertie Charles Forbes quoted level-headed President Shattuck Gates of big Phelps Dodge Corp. as declaring: "This is no time to whoop things up, to send prices of copper skyrocketing...