Word: whitneys
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Dates: during 1930-1939
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...Whitney constructed a violin before he was 12, was an expert nail-maker at 16. In 1793 he invented a machine in which a toothed cylinder forced raw cotton through a mesh screen, thus separating the lint from the seeds. Eli Whitney's cotton gin patent was signed by President George Washington and two members of his Cabinet on March 14, 1794, and U. S. cotton, then no more than the material for a piddling domestic industry, began its history as a world commodity...
...brightening Wall Street sentiment had nothing to do with a sudden shift in the internal affairs of the New York Stock Exchange, which is something of a world to itself. The prospect of a hot contest for the presidency in the coming Exchange elections disappeared when Richard Whitney decided not to run for a sixth term. Since it was a foregone conclusion that the nominating committee would not pick Mr. Whitney to succeed himself, his friends were loudly urging him to break all precedent by standing on an independent ticket in order to vindicate his turbulent administration (TIME, April...
...years in office battling his institution's enemies, preferred harmony to an open fight. He informed the nominating committee that he would be pleased to accept a place on their official slate as a candidate for one of the ten regular governorships open each year. And with Mr. Whitney out of the race the next president of the New York Stock Exchange will be the nominating committee's choice-Charles R. Gay. head of the oldest house on the Floor, Whitehouse & Co. On him will devolve the problem of reselling the stockmarket to the U. S. public, whose...
...matter how often or how sincerely Mr. Whitney protests his desire to cooperate with Government regulations, his critics feel that the public will never be convinced that the field marshal of the spectacular fight against regulation has really had a change of heart. The quickest way, say they, to restore "public confidence" (i.e. public trading and more commissions) is to oust Mr. Whitney and his old-order administration...
...candidates choose to run next month, the real issue will not be their personal platforms but simply Mr. Whitney and the history of the past five years...