Word: wealth
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Dates: during 1930-1939
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...Speech, The Progressives' meetings were decorous, academic, humorless. Most of the addresses were rehashes of things said and said again in Congress. New ideas were scarce. From Senator Borah came the Big Speech. His subject was Wealth, with a dash of Farm Relief for flavoring. High spot: "To attack the rich because they are rich is one thing but to insist that they shall operate in accordance with honest laws and honest principles is the supreme question today before the American people. . . . Economists have advised us that 3% of the people own 75% of the wealth...
...Drexel interests. To speak of United Corp. as the Morgan-Bonbright group is no longer correct. It is the Morgan-Bonbright-Carlisle group. And to serve history fully, a fourth name should be added to the hyphenated group, that of Schoellkopf, the family which has been carried to wealth and power by Niagara Falls. In 1850 Jacob Fred Schoellkopf started a flour mill above Niagara Falls, powered by an old-fashioned water wheel. In 1890 the use of water for electric power was introduced and he put in a plant, made long term contracts of 40 to 50 years...
Many a religionist has been shrewd in obtaining and holding wealth for his church. Others have been canny in their personal affairs as well. Unfortunate was the bucket-shopping of Bishop James Cannon of the Methodist Episcopal Church, South (TIME, May 26 et seq.) But remarkable were the financial coups of Brigham Young who took unto himself the great monopolies of the Desert, tolls on gates and roads, timber rights. The late Benjamin ("King") Purnell of the House of David, at Benton Harbor, Mich, across Lake Michigan from Zion City, took unto himself and his Queen Mary the rights...
Typical young Bank Clerk Lawrence Renney thought he was conservative, for months kept himself from climbing aboard the late great bandwagon boom in stocks. But when he succumbed at last, everything went his way. Starting with $42,000, his paper wealth amounted to $500,000 when the crash came and cleaned him out. By then he was living expensively, bibulously, had long been fired from his bank. The morning after one last desperate party he decided to kill himself, went up to the penthouse to step over the edge. But there a girl was waiting for him. She persuaded...
...wrote the book, Tilly Losch staged the ballet. The cast includes: luscious Gina Malo (Sons O' Guns); red-headed Zelma O'Neal (Good News); silly Ruth Tester (Second Little Show); the white-faced team of Shaw & Lee, droll Tom Howard and ingratiating Ted Healy. And seldom has wealth been more hopelessly, tastelessly squandered...