Word: walls
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Dates: during 1930-1939
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...background neither Mr. Nash nor his Labor Government was expected to get much sympathy from London's big financiers, who are far more interested in interest payments than in social experiments. The liberal British weekly New Statesman and Nation likened Mr. Nash in the City (London's Wall Street) to Daniel in the lions' den, recalled how badly both the British Labor Government of 1929-31 and the French Popular Front Government of 1936-38 had fared at the hands of the big bankers. There were predictions that before Mr. Nash could renew...
Henry Clews was a poor little rich boy turned artist. Born and bred in a big Manhattan house, son of an English-born international banker, Henry went through the regular paces of an idle and talented young man. He tried his hand at Wall Street and at playwriting, married, divorced and remarried, turned to the expensive indoor sport of sculpture. He put on seven shows, drew from the puzzled critics only such faint praise as "decadent, exotic, bizarre, sensational." In 1914 Sculptor Clews left Manhattan with silent dignity for Paris, the haven of Bohemian expatriates...
...copper industry was thus assured of a very active second half year, which was all Wall Street needed to know. But July 1 copper inventories were still high (340,000 tons, 80,000 above the high inventoried end of 1937) and even in a good month, U. S. copper consumption does not often exceed 80,000 tons. If forward buying books July's total copper orders to 200,000 tons or better, four or even five months' additional supply at present rate of domestic consumption will be added to inventories...
...believes that the "magic touch of par" corrupted business in the booming 20s. "Par," he says, "is just as destructive on Pennsylvania Avenue as it was in Wall Street. Par goes to men's heads. When you see the bust of Napoleon on the desk of a businessman, you'd better get out quick and sell him short. The same goes for Government officials...
...answer to SEC's demand that Wall Street set up brokerage banks to hold all the cash and securities of brokers' customers, the New York Stock Exchange last fortnight set up a four-man committee to formulate a plan. Chosen to head it last week was Roswell Magill, father of the New Deal's 1938 Tax Bill, Under Secretary of the Treasury from early 1937 till last year when he resigned to return to his Manhattan law practice and Columbia teaching...