Word: crashes
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...Democrats were not inclined to criticize Mr. Raskob because of the stock market, Republicans were. Last fortnight in the Senate, Democratic Leader Robinson of Arkansas attributed in part the recent market crash to a flow of unduly optimistic statements from Calvin Coolidge, Herbert Hoover, Andrew William Mellon. Defending the Republicans, Senator Robinson of Indiana rose to blame Mr. Raskob for the frenzy of speculation. He called Mr. Raskob a "plunger," cited Mr. Raskob's published faith in stocks, his plans for a workers' investment trust, his null General Motors statement (TIME, Feb.11) as public inspirations to gambling, responsible...
Most U. S. businessmen, however, believed that the price of Ford cars was reduced so that they would still be attractive to small investors who lost in the stock market crash crisis. Great was their admiration for timely and brilliant advertising...
...while a trading session was still in progress. They did recall, however, that in 1907, with call money at 125%. Secretary of the Treasury Cortelyou conferred with J. P. Morgan, put $25,000,000 of Government funds into Manhattan banks, halted the Panic. They remembered too the Northern Pacific crash of 1901. when, after Northern Pacific stock had gone overnight from $150 to $1,000 a share, the House of Morgan, representing the late great James J. Hill and the House of Kuhn, Loeb, representing the late great Edward H. Harriman, compromised at $150 a share, saved from ruin many...
...arrived in Manhattan on the wings of panic. He took his first Manhattan job (with Trust Co. of America) just in time to cope with the Panic of 1907. He arrived home from Europe last week, just in time to utter bullish reassurances on the eve of the crash...
Claude Farrere, racy French novelist (Les Civiliises), bowling along in an automobile with his friend, Author Pierre Benoit (Les Suppliantes), was injured in a crash near Toulouse, France...