Word: breakdowns
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Over the weekend Premier Herriot dashed up to Paris, talked volubly to reporters, let himself be quoted thus: "We succeeded at Lausanne in avoiding discussions of principles . . . from which an immediate breakdown of the Conference could have arisen...
...oilmen gathered almost daily in Room No. 2604 of Manhattan's Waldorf-Astoria, seeking to reach an agreement by which markets could be kept steady, profitable. Last week the conference broke up without results. Secrecy hid all the conference's deliberations but reasons given for the breakdown by oilmen were numerous: 1) The Russians would make no agreement for more than three years, the defensive Englishmen and Americans sought a ten-year pact. 2) The Russians declined to limit exports to the 1931 level, refused to give up their distributing facilities in England, Germany, Spain. 3) There...
Mushrooms. Said the New York Herald Tribune: "Owing to the inexcusable conditions obtaining at present with respect to the finances of certain mushroom companies the impression is being created in some uninformed quarters that there has been a total breakdown in corporate business acumen. This is far from being the case, as the liquid cash position of the premier American corporations and their continued willingness and ability to discharge their duty to stockholders and creditors indicates...
Since Stalin & staff have put so much heart and effort directly into Molotov, last week's official breakdown might be called the first major blow to the prestige of the Five-Year Plan. Much larger than Molotov is Cheliabinsk, the newly-opened "world's largest tractor plant." When it was announced last week that Cheliabinsk "has produced nothing except experimental machines," knowing Russians merely shrugged. At Cheliabinsk such a breakdown was to be expected, at Molotov...
Died. James Lyle Mackay, first Earl of Inchcape, 79, British banking & shipping tycoon, board chairman of famed Peninsular & Oriental Steam Navigation Co., vice president of Suez Canal Co.; after a general breakdown; aboard his yacht Rover, off Monte Carlo. His family withheld the news of his death until the London Stock Exchange closed. A poor Scottish boy, he rose to wealth & power in Indian trading firms. Branching out into Far Eastern shipping, Lord Inchcape became an authority on Oriental trade, negotiated Britain's basic commercial treaty with China in 1902. His daughter Elsie was lost in 1928 when...