Word: walls
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Dates: during 1930-1939
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Businessmen flinched at the prospect of seeing the Government step into railroads as it has into Power. But soon Wall Street learned that any investment houses which wanted to hurry and outbid the Government, float equipment trusts of their own at low interest rates, would receive the New Deal's blessing and perhaps insurance for their money...
From Chinwangtao, the seaside resort just below the Great Wall, to Singapore, the big British naval base at the southern tip of the Malay Peninsula, the coast of Eastern Asia rumbled last week with warlike activity. At Tientsin Japanese soldiers tightened their two-weeks-old blockade on the British Concession; at Chefoo and Tsingtao Japanese officials sponsored anti-British demonstrations; at Shanghai British Ambassador to China Sir Archibald Clark Kerr was surrounded with a heavy guard after "terrorists" had threatened his life; the Japanese captured one Chinese port, closed another, attacked two more (Foochow, Wenchow); at Hong Kong British troops...
...cotton is but 41% of the 13,700,000-bale mountain held by the Government. To release it, Congress has only to authorize Commodity Credit Corp. to dispose of it at less than the prices loaned on it to U. S. planters. Joe Kennedy, old-time Wall Street trader, felt tickled that he had saved his country about $6,000,000 on a $30,000,000 purchase, also that half the swapped goods will be carried in U. S. bottoms. If war does not break out in seven years, that will be time enough to decide how to liquidate...
Last week it looked to Parisians as if the Louvre staff needed a little augmentation in time of peace as well. About ten minutes of four one afternoon the guard who patrols the new French room on the second floor found himself staring at a blank space on the wall. When he had passed by 20 minutes before it had been occupied by Antoine Watteau's L'lndifférent, a tiny (10¼ inches by 7⅞ inches) painting of a carefree youth in a rose colored cape and blue doublet...
Last week Jimmy Speyer, 77, wealthy, still fond of ceremonious European dining, announced what Wall Street had long been expecting: his retirement and the dissolution of Speyer...