Word: cushions
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Dates: during 1930-1939
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Late one night last November young Dr. Cornelius Packard ("Dusty") Rhoads of the Rockefeller Institute for Medical Re-search returned to his quarters at San Juan, Porto Rico, and found that someone had stolen a cushion and some accessories from the motorcar he used. After six wearing months of treating balky Puertorriquenos for pernicious anemia (his research Arbeit), after again that evening giving his blood (six quarts in all) to anemic natives, Dr. Rhoads lost his temper. To work off his anger he wrote a personal letter which included the above quotation. That made him feel better. So he threw...
...spinning in a downward spiral?bank runs, heavy sales of assets to keep liquid, reduced security values, more fear, more runs, more sales, still lower values. It is to arrest this process that the Government has interposed R. F. C. on the theory that $2,000,000,000 will cushion the fall, stop it. perhaps turn it up in the opposite direction. Once it turns, however, it becomes to economic realists, inflation. Last week this purpose of the Hoover policy?the artificial creation of credit?was publicly discerned by the Press as far away as France...
...Manhattan, Adolph Kanter, 44, drove his car through the railing and off a 75-ft. viaduct, found that instead of being killed he had suffered only a black eye, a few bruises. More proud than thankful, Adolph Kanter said he had saved himself by clinging to the cushion of his car, wrote an ode about his feat: Here I am, the miracle man, The one that flies in a Chrysler car; Lindy hopped over the ocean, Made a perfect landing in France; So did I make a perfect landing Over a Viaduct fence. I dropped seventy-five feet with...
...Domestic Situation. "The community has cooperated to meet the needs of honest distress . . . [and] cushion the violence of liquidation in industry and commerce. . . . Our citizens have given a magnificent display of unity and action, initiative and patriotism. . . . Committees are now active at practically every point of unemployment. They have been assured the funds necessary which will meet the situation. . . . The Federal Farm Board secured higher prices to the farmer than would have been obtained otherwise. . . . The failure of a large number of farmers and of country banks was averted. . . . The time is ripe for forward action to expedite our recovery...
Then Broker Whitney rehearsed the practical value of short selling: it was a cushion under any market, since every short seller was a potential buyer. "This is especially true in times of crisis when other people hesitate to buy and the short sellers represent the purchasing power which prevents the market from becoming demoralized...