Word: walls
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Dates: during 1930-1939
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Last spring a Negro housepainter named Offie Edward Cherry, laying a coat of fresh white paint over the Eastman house, got Mrs. Eastman interested in painting walls. First wall she found to work on was in Charlie Briaur's bar in Ossining for which she did a gay little scene of a country beer garden with Negro and white drinkers at the tables, Negro and white children dancing or shooting craps. Second job undertaken was the wall on each side of the altar in Ossining's Star of Bethlehem Negro Baptist Church. Proud of his protegee, Offie Edward...
Having knocked off more than a year's gain in last fortnight's triple tumble, the stockmarket last week had a rebound. Since business news was neither good nor bad, the advance was ascribed to "technical reasons"-Wall Street's way of saying that everything which goes down must come up. But the market did not go up far, did not stay up long. Trading on the New York Stock Exchange, after soaring above 2,000,000 shares thrice in a month, fell back into its recent rut. By the peak of the rally, the Dow-Jones...
...last spring. At that time the Federal Reserve Board was bearing down on credit. Fortnight ago it started to loosen up, persuading the Treasury to release $300,000,000 worth of "sterilized gold" (TIME, Sept. 20). As a stockmarket hypodermic, the gold news was notably weak, for it reminded Wall Street that almost anything can happen, but it again showed that the Administration not only possesses vast power over U. S. economy but is ready...
...Wall Street felt last week the Government's power should be used to ease restrictions on trading in order to provide market liquidity as requested last month by President Charles Richard Gay of the Stock Exchange. Screwing up his face as though his remarks were very distasteful to him, Securities & Exchange Commission Chairman James McCauley Landis, as he retired to become Dean of Harvard Law School,* last week finally replied to President...
...number of people who, because of conditions which prevailed even before 1924, made a living by inducing other people to gamble, you see why that outcry, why the demand for higher commissions and why the demand for lower margins." Condemning the "panicky speculators'' who "know that Wall Street is bounded on the east by Long Island but forget that it is bounded on the west by the U. S.," the retiring SEChairman ended by asserting that market "cushion" is provided by odd-lot trading. To these waspish remarks President Gay made answer in words that settled nothing: "With...