Word: standard
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Dates: during 1930-1939
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...only 40? per Ib. So last week Britain killed her wartime rule, which since September had forbidden the sale of tin on the London Metal Exchange at more than ?230 per ton. She also upped world production quotas (British-controlled through the International Tin Committee) to 120% of standard. Britain doesn't mean to have a tin shortage in wartime, doesn't mean to give it away because her pound has fallen. Untied, British tin prices last week flew up to ?275 per ton (equivalent to 48? a Ib.), then settled back...
...great boom had given Associated a few more palmy years, it might have succeeded in merging with another $1,000,000,000 system, Standard Gas and Electric Co. Standard runs 26 operating utilities, among them Pittsburgh's large Duquesne Light Co. and Wisconsin Public Service Co. For years Standard was controlled by Chicago's private utility bankers, H. M. Byllesby and Co. Nowadays, Byllesby plays second fiddle in Standard to Manhattan's up-&-coming, bargain-hunting Syndicateer Victor Emmanuel...
...reason for this is that in September 1935 Standard failed to finance repayment of a $24,650,000 note issue, landed in a reorganization proceeding in a Delaware Federal District Court. Charges (among others) by Senator Robert Wagner's Law Partner Simon H. Rifkind that: a stock deal with Standard netted Byllesby $5,000,000 on a $500 investment; an operating company purchase by Byllesby for $845,000 was sold four days later to Standard for $1.365,000, caused the court to appoint special counsel to investigate the Byllesby management. Result: a recommendation for a $100,000,000 stockholders...
Victor Emmanuel, unlike the Byllesby interests, believes that butter is better than cannon in dealing with the New Deal. Fortnight ago, he hired a new president for Standard, white-haired, McNuttish-looking Leo Thomas Crowley, since 1934 chairman of FDIC. He hired Mr. Crowley through Washington's No. i Big Money employment office, Jesse Jones's RFC, the same office which placed Mr. Crowley's FDIC predecessor, Jones Protege Walter Cummings (TIME, Nov. 27), who heads Chicago's huge Continental Illinois Bank...
...doctors washed her, gave her the standard textbook treatment: a coating of tannic acid solution to ease her pain, keep out harmful bacteria, seal in her body fluids. After a severe burn, blood escapes from the capillaries into tissue spaces, and circulation "dries up," stagnates. So the doctors followed their textbook schedule by feeding and injecting the baby with enormous quantities of water and fruit juices. For two days she was quiet and fairly comfortable; on the third day she swelled up, lost consciousness, went into convulsions, died...