Word: crashes
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Died. Abram Edward Fitkin, 54, Manhattan public utilities operator who sold out before the Crash, bought back afterwards; of chronic myocarditis and interstitial neuritis: in Manhattan. Son of an English-born harness-maker, he gave up trying to be a Pentecostal minister, built up a huge chain of utilities. He sold his National Public Service Corp. to Day & Zimmerman, Inc. in 1926 for reputedly $250,000,000 and Inland Power & Light...
...great pity had the public for this 66-year-old bankster. The warrant on which he was arrested accused him of misappropriating over $300,000 of his depositors' funds. The charges as developed by the U. S. Attorney outlined a far larger story: that following the stockmarket crash of 1929 Harriman had made an attempt to maintain the price of his bank's stock at about $1,350 a share (1929 earnings were $55 a share and later earnings declined). He actually succeeded in maintaining the price in that neighborhood until April 1932. At that time the Harriman...
There can be no doubt that the strikers in this case have much to complain about. At best a seasonal industry, the shoe plants have been running at less than half-capacity since 1929. Wages were never much above a bare subsistence level, and since the crash have been cut repeatedly and drastically. Conditions in the factories are extremely foul; high competition between firms and the shifting of capital to the south has not allowed any luxuries. Unions are rarely dealt with and have little force in regulating payrolls. In view of this situation it is particularly tragic that nothing...
...planes ride the waves of radio beacons, staying unerringly on course when the pilot can see nothing beyond the cockpit window. But the radio beacon can guide a plane only to a point above its destination. If the airport is hidden by fog or sleet, the plane may crash. Hence the Government still forbids a passenger plane to fly into an airport where the ceiling is under...
Immediately after 1929's crash, Mr. Mitchell's resignation was discussed. Owen Young and Seymour Parker Gilbert were mentioned as successors. Months passed; nothing happened. Why? Directors had their reasons...