Word: merchants
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Dates: during 1930-1939
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Died. Philip Albright Small Franklin, 68, Wartime director of the U. S. merchant marine and onetime (1916-36) president of International Mercantile Marine Co.; in Long Island...
...diamonds fell along with needed imports. Meat exports increased in 1914 and 1915, dropped in 1916 and 1917 as Germany ran out of gold. Shipping was the great Dutch source of profit during the war; even though submarines and mines sank 199.975 tons of Dutch shipping, the total merchant tonnage of The Netherlands increased from 1,297,409 to 1.574,000 between 1914 and 1919. In 1915 the Holland-America Line paid 50% in dividends; in 1916, 55%. Gross profits of 17 largest Dutch steamship companies were 32,400,000 florins in 1913; 141,147,000 in 1916. Gold flowed...
...Sweden by a third in 1918-19. Norway did well with fish and lumber to export to the belligerents. Norwegian steamship lines cashed in, paying big dividends and purchasing about a million tons of new shipping from the U. S. as German mines and submarines sent 829 Norwegian merchant vessels to the bottom...
Second Time Around? Those who assume that present economic conditions in the U. S. are surely going to continue for a long time, are inevitably startled when they consider what would happen to the U. S. as a neutral in another world war like the last. Subsidizing merchant shipping is the only way that the U. S. can keep its flag on the high seas. In a world war U. S. shipping might become a highly profitable business. Keeping heavy industry, particularly steel, busy is a No. 1 national problem. In a war steel, copper, chemicals, oil would...
...phane and Onésime Sabatier, a pair of broad-boned, high-cheeked young Huguenots, wanted respectively to be prosperous merchant and artist. Both started well, as Onésime eloped with his rich cousin, Cécile Renouvier, and Stéphane got Cécile's paunchy, grandiose father to back a Marseille importing firm for him. The brothers' ambitions were reversed when his wife's money gradually converted Onésime into a comfortable bourgeois and Stéphane, after being ruined in business by bulbous-eyed Solomon Lévy-Ruhlmann, turned...