Word: ironic
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Dates: during 1930-1930
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...statement 30 or even 15 years ago, his colleagues would have thought he had caught religion or become drunk. His employees would not have believed him. Yet when Charles Michael Schwab, board chairman of Bethlehem Steel Corp., said those words last week at a Manhattan meeting of the American Iron & Steel Institute, his auditors were not greatly startled. Though they knew "Charley" Schwab for the most unregenerate optimist in U. S. Industry, a notorious backslapper, hand shaker and well wisher, they also knew that what he said really did reflect the modern concept of business in dealing with critical economic...
...offices of Drexel & Co., Philadelphia associates of J. P. Morgan & Co., there is an upstairs room on the walls of which are large maps. When Drexel-Partner Thomas Newhall is talking about Philadelphia & Reading Coal & Iron Corp. (he is chairman of the executive committee, also a director), he is very likely to take his listener to this room, punctuate sentences with references to the maps...
Philadelphia & Reading Coal & Iron Corp., known to stockmarket traders as PRC, is a holding company formed in 1923, marking the complete segregation of Reading Railroad's coal properties. For the first few years after 1923, it is safe to say that PRC's bankers, Drexel & Co., were not especially proud of these properties. Production fell off, profits came hard, sometimes did not come at all. In the opinion of coalmen, statisticians and investors, PRC was definitely on the downgrade. Now Drexel-Partner Newhall is very apt to feel proud when he points to PRC maps. A noble experiment...
Apes! . . . Cockroaches!" ended in a vote of 318 to 236. The Government had won by a triumphal majority of 82! Once again, Heinrich ("Iron Cross") Bruning was virtual Dictator of Germany, able to put through his policy of drastic fiscal retrenchment under a series of decrees signed by his patron, the man who made him, Old Paul von Hindenburg-until the Reichstag meets again...
...Rome on Oct. 25, promised to be in Assisi on the day set by Princess Giovanna. For Il Duce, obedient to Royalty though he may have seemed last week, the marriage is a great personal triumph. He has now lined up Bulgaria with Albania and Hungary in the "iron ring" of pro-Italian nations he is slowly forging around Italy's No. 1 Balkan enemy, Yugoslavia...