Word: goode
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Dates: during 1940-1940
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Knowing the economic consequences of war, businessmen naturally disliked the defense boom. They were swept downstream almost against their will, steering as cautiously as they could. They ploughed their profits back into debt retirement or new plant, drove good bargains with the Government in answer to its demands for industrial expansion. When the boom ends, this caution may help Business to face a buyer's market with efficient plant, low overhead-may ease post-war adjustments. But the engine of industry did not speed up because of confidence burning within. It was sped up from without by the energy...
Like earlier New Deal years, 1940 was good for operating utilities, tough for utility holding companies. SEC forced Howard Hopson's weird Associated Gas & Electric into receivership, and watched sick Howard Hopson tremble and snore the year out in a criminal court. In St. Louis, it surprised North American's Union Electric Co. in the embrace of the State Legislature, and helped send its management to jail...
...made money at it. Soon he began to tell his friends about his North America Investment Fund, Inc., of his success in increasing its original $100,000 assets to over $1,000,000 by 1929. They bought $165,000 worth of its preferred stock. The common was good for loans from conservative National Bank of Germantown & Trust Co., from big, respectable Philadelphia National Bank...
Wodehouse has been at it almost since Queen Victoria died, does not quite remember whether he has written 40 or 50 books. He is always just the same, usually just as good. Some critics attribute this titillating timelessness to the fact that he has raised the stage Englishman to the dignity of literature. Others have called him an acute social critic, professing to see the blunderings of Munich foreshadowed in the maunderings of Bertie Wooster...
...Wodehouse has been there since the prison camp was created last September. No Castle Blandings, his prison is a big, brick, T-shaped, three-storied structure with many barred windows, high brick & wooden walls. A small military garrison runs and guards the camp. Central heating is said to be good, sanitation adequate. There are hospital facilities...