Word: stockmarket
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Love & the Coal Trust. The Dollar Princess was Miss Alice Cowder, dashing daughter of John W. Cowder, president of the Coal Trust. Alice was a strong-minded girl, always abreast of stockmarket quotations. Of her it was said that "in any sort of weather, she works on all the while, until she's raked together, a tidy little pile."*Because her father liked to employ titled Europeans as footmen and office boys, Alice had acquired a rather low opinion of continental coronets ("You bid the right amount-you own a duke or count...
...Stalin and the Leninist-Marxists before him were out to evolve a "science" of revolutions, a way of charting the ups & downs of social systems. This is not quite on a par with the science of physics, but it is at least parallel to, say, the Dow theory of stockmarket behavior. Some stock traders look to the Dow theory to tell them when to buy or sell. Stalin and the other Marxists wanted a theory that would tell them when a "break" was likely in the Imperialist Front. They kept their eye glued to "the material life of society...
...blotto" by drinking gin from hip flasks. "I want to live my own life," cried the '20's movie heroine, and millions tried to imitate her. Literature was full of ferment, religion was passé, and the nation's chief barometer of values was the skyrocketing stockmarket...
...cost-of-living raise which General Motors gave the United Automobile Workers (see below) seemed to have settled the dust on the labor front. Chrysler ended its strike with a raise. Other companies seemed almost certain to follow suit. And the stockmarket, after years of acting half ashamed of itself, had suddenly become as confident as a vegetarian with a Lionel Strongfort exercise book...
Next day, when Eaton and his underwriting syndicate started to float the issue, the stockmarket was falling and so was K-F stock. Eaton called off the sale. Witnesses before SEC said they heard him say: "We would be just damned fools to go through with this deal ... I would rather have a lawsuit on my hands than be dead broke." Eaton's own lawyer testified: Eaton had asked him if there was any escape clause in the underwriting contract with K-F. Eaton reportedly said he was going over it with a "fine-tooth comb" to look...