Word: controls
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Dates: during 1940-1940
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...plus twelve inches of brick. At one end of the room is a big door of 18-inch concrete encased in one inch of steel. When the machine is ready to go, the researchers leave the room through this door. Then the machine is turned on at a remote control panel...
...appropriated more than $17 billions. Interest rates on capital continued to fall. The National Labor Relations Board underwent a personnel shakeup, but Wagner Act modification was less likely than ever. Government regulation in general, previously little more than a list of "Don'ts," began to turn into positive control. Every well-editorialized reason why Business should hold back was more conspicuous than ever...
...year's end the industry had expanded its floor space 30%. But its backlog was growing faster, was equal to about a year of capacity operation. On Dec. 4 a large new list of machine tools was subjected to export priority control. Bill Knudsen scolded the industry for not doing more subcontracting. Meanwhile, investors showed less interest in machine-tool stocks than they might have if their low capitalization had not marked them for plucking by the excess-profits...
...with bad company-flamboyant Jim Fisk, piratical Jay Gould, pious Daniel Drew. Together they manipulated her back and forth from bonanza to bankruptcy, got her known as the "Scarlet Lady of Wall Street." Exhausted, the Erie had collapsed three times by 1895. Then she reformed. Under Van Sweringen control, she became a respectably operated road. But her capital structure never really recovered from Jay Gould's attentions, and she never again paid a dividend on the common. In 1938 Erie chugged into receivership (whither eleven Class I roads had preceded her) for the fourth time...
...voting power. The compromise: capitalization would be slashed from $490,953,630 to $322,692,250, fixed charges from $14,368,842 to $7,000,000 (1937 net railway operating income: $13,614,008). With new bonds, common & preferred issues in exchange for their holdings, bondholders would gain voting control of Erie while C. & O.'s interest would dwindle...