Word: wave
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Dates: during 1930-1939
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Meantime Michigan buzzed with conflicting reports of what brought its banking situation to a head. About a year ago it was an open secret that many Michigan banks were in deep water, but Wall Street and other financial centres believed that the wave of failures that closed 84 banks last year-third largest number of closings in any State-had washed the situation clean. It was known that big Union Guardian Trust Co. had been weakened by heavy commitments in stricken Detroit real estate, that deposits had been seeping away. And until Governor Comstock retracted his first "unvarnished story...
...hours last week the world was like a ball enclosed by an electric bubble. Bubbling away in Switzerland, the superpotent League of Nations wireless station dotted and dashed out 15,000 words on two wave lengths, 20.64 meters for the Western Hemisphere, 38.47 meters for the East. So that even poorly equipped stations could receive, the League slowed down its 130 words-per-minute automatic transmitters to a crawling 25 words-per-minute pace. Soon Washington asked for a speed-up to 75, impatient Shanghai clamored for 100. But Buenos Aires said they could handle not more than 30 words...
When Spokesman Smith marched in before the seven R. F. C. directors, out in the corridor gathered dozens of chattering clerks, stenographers, typists and underlings, to glimpse the "Happy Warrior." In the door they found a peek-hole through which they watched him pound the board table, wave his cigar, shake his greying head. Cried Al Smith angrily: "The R.F.C. can act like a suspicious banker with two glass eyes or it can take up its social responsibilities and put men to work...
...Cure. Radio waves and hot air are curing arthritis, syphilis, gonococcal infections and certain blood-vessel diseases of the hands and feet at Dayton's Miami Valley Hospital. The patient lies in an insulated chamber, his head, however, protruding. In the chamber's side walls are large condenser plates which, like the aerials of radio systems, send a 30-metre high frequency wave through the patient.* In 30 minutes his temperature rises to 105° or 106° F. He sweats, germs within him begin to die, injured tissues and nerves begin to heal. Profuse sweating weakens...
...waves of bank failures that have periodically swept wide areas of the land since the Depression have washed harmlessly around northern California. In contrast with Illinois' 207 bank closings last year, Iowa's 150, Michigan's 86, California boasted a lean 32. Last week a wave skittered down California's sun-drenched Sacramento Valley, toppled over Woodland's Bank of Yolo with $2.500,000 in resources, washed away Esparto's Bank of Esparto, struck down the two biggest independent banks in the State Capital, the California National of Sacramento and the California Trust & Savings...