Word: worthlessness
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Great Britain last week gave a drastic twist to the screws of her financial machine, barred English bank notes abroad from re-entry into the United Kingdom. In effect, she declared worthless for the duration all British paper money in non-sterling countries. U. S. holders of pound notes were given six days to exchange them, but France and other occupied nations were allowed only 24 hours...
...Commenting on Hitler safety pledges, Arizona's Senator Henry Fountain Ashurst remarked: "Absolutely worthless. Anyone who believes Hitler's promises has sweetbreads for brain's. Hitler is a lycanthropist [a werewolf...
...Gold Cup regatta has had many bizarre endings in its 37 years, but last week's topped them all. Hotsy Totsy III, built for the 1937 race, was considered so worthless her owner had bought her for $1,000 only three weeks ago. Champion Allen, owner of a Long Island roller-skating rink, had never entered a race before, was so green he did not know what the checkered flag meant. But by steadily cruising around at 45 m.p.h.-in the last heat he was moving so slowly officials flagged him off the course-Greenhorn Allen, like the tortoise...
...mean that many manufacturers must put up new plants, put in new tools which may be of no use when Defense demands end. Manufacturers therefore want to net enough from the Defense orders to pay for the new facilities, definitely do not want to risk paying ruinous taxes on worthless property (as many had to do after World War I). Said the U. S. Chamber of Commerce last week: ". . . Probabilities of ultimate loss are so great that if it were a matter of preference they [businessmen] would rather not undertake such business...
...world last week, men of experience looked good, and even Herbert Hoover, looked a little better. Mr. Hoover, in a broadcast from New York, drew three lessons from the past: 1) experts in manufacturing, industry, labor, transportation, agriculture are essential in a procurement program; 2) board, councils, committees are worthless: one man must control industrial production; 3) politicians must be kept out of the defense pie. Stressing unity of purpose, Mr. Hoover underlined economic regeneration of the U. S. as a prime defense requirement...