Word: margining
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...week the Republican party opened wide its ranks to let Claudius Hart Huston, chairman of the national committee, stalk out of office. Mr. Huston wondered aloud why the political pack had deserted him after the discovery of his temporary deposit of Muscle Shoals lobby funds in his private stock margin account...
...boat-shy since the mysterious $3,000,000 fire on the Europa (TIME, April 8, 1929), were either too poor or too nervous to write a $30,000,000 policy. Last week the British treasury and the Board of Trade came to the rescue. They agreed to underwrite that margin of insurance on the great Cunarder's construction which cannot be accommodated in the ordinary market, not as a government subsidy but as an unemployment measure...
...made in U. S. plants abroad. Last year the figures for European car sales are estimated to have been 288,000 units against 553,000 foreign ones. To the U. S. this constitutes the fourth greatest export trade* while to automotive companies it often means the margin between profits and deficits. Of course no European nation would openly discriminate against the U. S. and thus court official U. S. action. But if Germany, for example, limited imports to 1,000 cars per year, by far the greatest sufferer would be the U. S., which last year sold 38,000 cars...
...less strawy mold, notably Banker Charles Edwin Mitchell (National City) for his extremely bullish utterances, his apparent unawareness of what was going on, just before the late great stockmarket crash. Otto Munson, umbrella-rib manufacturer, sells his business for $20,000 and buys everything he can on margin. Unable to go wrong in the kind of market he has to deal with, he begins to clean up, and before a year is out is worth (on paper) over a million. Of not particularly stern moral fibre, he lets his good fortune unravel him further. His wife leaves him. he becomes...
Party opposition to Chairman Huston's tenure of office developed four months ago when the Senate Lobby Committee revealed that Mr. Huston had made temporary use of funds contributed to the Tennessee River Improvement Association for Muscle Shoals lobbying to support his own stock margin account in Wall Street (TIME, March 31). Republicans were less concerned about the personal ethics of Mr. Huston's lobbying activities than they were about the possible effect of his financial transactions upon contributions to the party campaign fund this year. It was broadly stated that wealthy citizens would not play...