Word: motorizing
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Those two bulwarks of education in the East, the Universities of Yale and of Harvard, have furnished grist for many a generality. Harvard men, whose impression of Yale may have been limited to a distorted glimpse of Harkness Tower as beheld from a motor car on the way to the Yale Bowl, are usually quite ready to proffer their opinions of Yale's scholastic, athletic and social systems; Yale men not infrequently subject the "red bellies" of Harvard to a voluble and humorous dissection. Last week a Yale man and a Harvard man published their views of their respective...
...motor cycles...
Later in the week the President paid an official visit to Karlsruhe and was greeted by high dignitaries of the Baden Government, including Premier Hellpach. Amid cheering throngs von Hindenburg was whisked by motor to a state luncheon. Rising to acknowledge a toast, he recalled to his hearers "those happy years which I spent as a division commander with headquarters at Karlsruhe...
...Stock Exchange remained the liveliest feature of business during the past week. Motor shares, "bulled" for weeks to unaccustomed heights, became at length top-heavy. Thus the "technical condition" of the stock market became very weak; news of the Boston Reserve Bank's rate advance was enough to topple the motor stocks over in a record day of 3,400,000 share sales. Because of this unprecedented volume, many ignorant people concluded that a panic had started. As a matter of fact, nothing of the sort developed. The smash in motors was simply a large-scale reaction...
...stock market, led by the motor shares, had continued to soar for months and a reaction was obviously overdue. In such a situation, as has often been proved, the crash in prices can be and usually is attributed to almost any event whether it has any close bearing on the stock market or not. In this particular case it was raising of the rediscount rate of the Federal Reserve Bank of Boston from 3½% to 4%-a step occasioned by purely local conditions. Speculators in stocks, dealing in a market which had grown top-heavy of its own accord...