Word: peanuts
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...four robustious Mills brothers live in staid, suburban Oak Park, where they were raised. Their father who founded the company in 1889 had the distinction of having once cornered the Spanish peanut market and annoyed his less hearty neighbors by keeping a herd of cows on his broad lawns. In winter the Brothers Mills dispatch their jointly-owned yacht Minoco (after their company; to Florida where they continue their fun-making while fishing. Once they made a composite photograph, showing the heads of the four brothers on bodies of more fortunate fishermen...
...Were shushed by Chancellor of the Exchequer Neville Chamberlain and Colonial Secretary Sir Philip Cunliffe-Lister when Laborite M. P.'s demanded to know whether Britain's Gibraltar-like "Big Five" banks were burned in the peanut oil, pepper and shellac crashes (TIME, Feb. 18, 25) and whether a crash in London's tin market may not be imminent...
Failure of Strauss & Co., one of the biggest commodity houses on the venerable Baltic Exchange, gave Mincing Lane the jitters (TIME, Feb. 11). The Strauss failure was brought on by its short position in peanut and vegetable fats, of which there is a decided world shortage. But what tripped the Pepper King was not a shortage but a glut...
...biggest stockholder, old Edward Anthony Strauss, was educated at King's College, is a member of Parliament from North Southwark. He inherited Strauss & Co. from his father, built it up into one of London's five biggest commodity houses, doing an extensive business in castor seeds, linseeds, peanuts. Edward Anthony Strauss and his colleagues had simply made the mistake of going short of peanuts. Instead of the surplus they had anticipated, there was an acute decline in peanut shipments from India and alarming reports that the new crop was to be 30% under the previous year. The price...
When Harold Le Clair Ickes took office as Secretary of the Interior, he quickly became one of the outstanding Cabinet heroes of the New Deal. He was honest. He worked hard. He refused to play peanut politics. He had billions of Federal dollars to spend. Yet last week Secretary Ickes was ruefully admitting that his popularity had vanished, that he was, in fact, one of the most thoroughly hated members of the Cabinet. Like everyone else, he knew the reasons...