Word: buys
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Dates: during 1940-1940
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...Roosevelt's ounce was followed by a pound from Attorney General Robert Houghwout Jackson, in prose almost illegally lucid. Mr. Jackson argued that the imposing of uniform procedure on all agencies would act "as if we should average the sizes of all men's feet and then buy shoes of only that one size for the Army." Under the bill, any citizen substantially affected and displeased by a ruling "has everything to gain and nothing to lose" by suing in the D. C. Court of Appeals. If he loses, he may wait until the rule is again involved...
Twenty years ago Schafer was broke. Then he organized the Royal Fraternity of Master Metaphysicians, whose aim was "the joyous work of helping others to help themselves." Two years ago, backed by contributions from faithful followers, he was able to buy the $2,500,000 110-room William K. Vanderbilt mansion at Oakdale, Long Island, which he renamed "Peace Haven" and turned into a retreat for what he called metaphysicians...
...Boston-born Charles E. Perkins, who had kept on raising polo ponies and show horses during California's lean years, began to enlarge their stud farms. Newcomers like Cinemagnate Louis B. Mayer, Lawyer Neil McCarthy and Automan Charles S. Howard imported the best English thoroughbreds that money could buy.* Crooner Bing Crosby imported expensive South American horses. Between Los Angeles and San Francisco, 200-odd stud farms sprang up, ranging from backyard paddocks like Clark Gable's to $1,000,000 ranches like Harry Warner's-where a mountainside was moved to give his pets a whiff...
...year's end, interest-paying New York Central 4½s sold at 58. That meant a yield of 8% to anyone willing to buy those bonds-a sky-high yield for 1940, even before taxes. Their price discounted every economic horror imaginable, including a peace depression which might put roads like the Central into receivership. If the war and defense lasted, the bonds were safe from everything but inflation. What they were worth depended on your view of the future. The price of Central 4½s was Business' prevision. Since Business no longer controlled the future...
...Agriculture is the one sector of the U. S. economy that depends heavily on exports. Farm crops were also the chief U. S. export which, in 1940, the rest of the world could not buy. Many farm surpluses in 1940 were higher than ever; for farm prices, "parity" remained just a slogan. Yet farm income for the year was estimated at $9 billions, highest since 1937. Thanks were due less to the production boom than to Government...