Word: walls
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Dates: during 1930-1939
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...Daily Investment News was only five months old, but wisdom issued from its presses. It advised its readers: "Get out of the market, losses or no losses." The eternal credit that it gained by that advice did not save it from the hard times which descended upon it and Wall Street's three other financial dailies.* Not until 1935 did Mr. Macfadden heed his own good advice by selling the Investment News. Last week his successor, Haydock ("Eternal Optimist") Miller, followed Macfadden's precept and example by bowing the Investment News out of existence...
This play, despite the social axe it has to grind, is pretty much of the famous old black-and-white melodrama. Wall Street is perhaps the real villain, and it is indicted for the murder of all its speculators and their souls. But the old veteran bull, Nicholas Vanalstyne, though he relishes smashing his enemies, wouldn't think of leaving an orphan or a widow dispossessed by him to suffer in penury. His son, heir, and namesake, however, is a rotter pure and simple. He has lived in sin, but he throws the odium of the crime on his innocent...
Five times president of the New York Stock Exchange and once czar of Wall Street, Richard Whitney entered Harvard at the age of twenty, having graduated from Groton, where he rowed and played football. His first year he rowed number four on the Freshman crew, and in 1910, as a Sophomore, he made the varsity crew, rowing...
Failure of Richard Whitney's brokerage house on Tuesday upset the New York Stock Exchange immediately, although but slightly, and filled the nation with probably unnecessary fears as to the financial condition of Wall Street. Yet the bankruptcy of such a prominent firm, the business of which was mostly concerned with banks and other respectable institutions, has significance. To the conservatives it must mean the crashing of the old and established foundations, the giving way to the new order. For the S.E.C. it is a bolster to their insistence upon strict regulation of national securities and exchange members...
...save the market, he bid high on 25,000 shares of Steel and saved the day, thus creating the "Black Thursday" legend. Later, as President of the Exchange, he was a truculent critic of the Administration, since he opposed federal regulation of security markets. To end the feud between Wall Street and the S.E.C., friends and foes forced Whitney to retire in 1935, and a New Dealer replaced...