Word: ironic
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Dates: during 1930-1930
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...usual Prime Minister Yuko ("Shishi," "The Lion'') Hamaguchi displayed iron nerve, inflexible purpose. It was clear to him, as it certainly is clear to all Occidental experts, that Japan obtains great advantages from the Treaty, although naturally not getting all she asked in every category. Lumping her gains together it appears that while she set out to get 70% of the U. S. naval strength in battleships, cruisers, destroyers and submarines, she actually got 71.3%. Therefore the lion-hearted Prime Minister ignored all protests, bloody or otherwise, prepared to push ratification of the Treaty...
...England. Old ladies should not attempt to vie with ironmasters in their own field, yet last week the Bank of England, for generations "The Old Lady of Threadneedle Street," prepared to take control of a large part of England's iron and steel industry. Bank Governor Montagu Collet Norman, famed for his keen maneuvers on the complex field of international exchange, prepared for the new role of Steel...
Mighty in England are the Lancashire coal, iron and steel companies known as the Pearson & Knowles group. Mighty too is Wigan Coal & Iron Co. Under last week's plan the metal units of these two rivals will be grouped as Lancashire Steel Corp. This company will be capitalized at $27,745,000, will be controlled by Securities Management Trust through the purchase of 500,000 voting shares at £1 each. Next fall new capital will be brought to the company by selling a large issue of 7% preferred to J. Henry Shroder & Co., potent international bankers. The coal units...
...Canada. Canada has no central bank, no Montagu Norman, but it has many able financiers. During the past year these have labored on the same problem?reviving the iron and steel industry. Last week, their plans approved, the mechanism of a tremendous reorganization stirred...
...steel companies on which the Holt-Gundy group has been working are headed by British Empire Steel Corp., mighty in name but feeble in earnings. Into its pyramid of steel, coal and iron companies many receivers have tried to gain passage, have been halted only by the improvements that followed the purchase of control by Holt-Gundy...