Word: york
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Dates: during 1930-1939
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President Franklin Delano Roosevelt (Fri. 7:30 p. m. NBC-Blue, CBS, MBS) speaks as a "voter of New York State" from his Hyde Park home...
...York, Dr. Robert W. Carter, research head of Taylor-Sloane Corp., which has been trying for ten years to perfect metal alloy photographic film, announced that it had succeeded, that the new film would be on sale within 90 days. According to Dr. Carter, Taylor-Sloane film is cheap, grainless, sensitive, non-inflammable, indestructible, non-shrinkable, capable of being used on both sides...
Students at New York's City College have become accustomed to discovering that their pompous college officials have feet of clay. Four years ago they tittered when their president, bland Dr. Frederick B. Robinson, wrote an article for Bernarr Macfadden's sensational True Story Magazine. Last week City College's students caught another member of the administration in an embarrassing position...
Within 30 minutes after the New York Stock Exchange announced Richard Whitney & Co.'s insolvency last March 8 the SEC started an investigation. Last week SEC issued a three-volume report of the findings. As absorbing as a detective story, as revealing as an autobiography, the 1,619 pages contain several heretofore undisclosed facts...
...Franklin Roosevelt found this review "rather horrifying." Wall Street found rather horrifying what SEC did next. After SEC Chairman William O. Douglas and New York Stock Exchange President William McC. Martin Jr. had conferred, SEC issued a further reform program agreed on by the Exchange to prevent any more Whitney scandals. Main points: 1) more frequent questionnaires and auditings of member firms; 2) prohibition of margin transactions and the maintenance of margin accounts by member firms and partners doing business with the public; 3) establishment of a 15-to-1 ratio instead of the present 20-to-1 between...