Word: margining
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That night he took the train back to Washington, back to his pressure-shaped, lonely job. This week he would go out and begin his rolling phrase: "You and I know-." He had cut his margin close: from Oct. 23 to Nov. 4 is only twelve days. Twelve days in which to campaign for a third term; to answer the opposition, to state his own case, to meet the issues, to explain to his fellow countrymen that, if he was not Cincinnatus, he was not Coriolanus either...
They have another reason for preferring a Japanese war sooner rather than later. Today the U. S. Fleet in the Pacific, in gun power and tonnage, is conservatively 15% bigger than the Japanese Navy. By the calculations of naval experts, that is a decisive margin. Within two years, however, that margin will be pared perilously thin. The U. S. and Japan both have new ships building. The U. S. building program was only recently begun. The Japanese program, begun two or three years earlier, will begin producing on a big scale very soon...
Other non-munitions exporters to Japan are lumber and pulp men on the Pacific coast. Their Japanese pulp market, especially rayon pulp, normally accounts for a healthy margin of their business. But lumber and pulp men were not losing much sleep last week. Already oversold, they figured on remaining oversold as long as Scandinavian exports are cut off. Also unruffled were coppermen. Their exports to Japan last year were $27,567,000, 15% of output; but the copper market is even tighter than the lumber market, doling out new supplies to defense-favored customers only. Another key Japanese supplier...
This narrow margin of profit interferes little with President Eisenschiml's munificent obsession. Says he: "I expect the men to be treated as gentlemen and the women as ladies." But he favors the ladies. Running a commercial matriarchy, he employs only women executives (exception: his son). The other men ("Every man I have ever hired tried to double-cross me") are plant operators. Scientific's nine ladies make most of their own decisions, are paid up to $125 a week, receiving whopping gifts during illnesses, whopping bonuses fair weather or foul (one $27.50-a-week girl executive paid...
Wendell Willkie came out on top in his second straight House poll yesterday, beating Franklin Roosevelt in Lowell by an even greater margin than in Adams, the first House to hold a straw vote early this week...