Word: waterlooed
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When General Johnson set out last week on a month's tour of the West to cultivate goodwill for NRA, he resolved to be on his best behavior. At Waterloo, Iowa he delivered his first speech (see p. 12). It was one of the most conciliatory, public utterances he had made in months. Curbing his reckless Johnsonese, he did not say that all his opponents were chiselers, did not claim that NRA was responsible for all recovery to date. And in opening his remarks he even put in a word of understanding for the newspaper publishers who battled him tooth...
Thus he set out on his vacation. It was marred by airplane trouble. His plane came down once at Rantoul, Ill., another landed him at Waterloo, Iowa. There, in the hippodrome of the Waterloo Dairy Cattle Congress, 4,500 farmers and farm women gave him a hand as his white shoes waded through the inch-thick dust on the dirt floor to put him before the microphone. Save for paying his compliments to Germany (see p. 9), he delivered a mild defense of NRA: "When anybody tells you that NRA and the Blue Eagle have not done for the farmer...
...tall, handsome, debonair young golfer, with a job at the Waterloo Club at Brussels, Cotton plays without the characteristic nervous waggle of his British confreres, drives a red Mercedes roadster, is reputed to be the best dressed professional golfer in Europe. He brought with him to Sandwich last week his private trainer & masseur. On the third round Cotton got a creditable 72. On the fourth he blew up completely with a 79, but by that time he was so far ahead it made no difference. His 283 tied Gene Sarazen's record Open total...
...Hollywood hands Nathan Rothschild becomes an heroic, altruistic, entirely admirable person. For example, the movie shows Rothschild risking every cent he possessed in a brave attempt to keep up England's credit by bolstering the falling Exchange, with market quotations dropping at every rumor of victory by Napoleon at Waterloo. Actually, one is informed, Rothschild has advance news of Wellington's triumph and hastened to buy up the market when it was at a dead low, just before the news of the defeat of the Corsican sent the market booming...
...came the crash. Eaton backed off without control but Samuel Insull had not won. A good part of his fortune had disappeared in the fight. The rest disappeared in trying to keep his fantastic holding companies from tumbling. He had wrecked his own empire. April 10, 1932 was his Waterloo. He and Sam Jr. conferred with the bankers at the exclusive Chicago Club. They did not dare meet elsewhere for fear the dreadful news would leak out. At that meeting a receivership was agreed upon. Samuel Insull, Charles A. McCulloch and Edward N. Hurley (now deceased) were to become...