Word: raskobs
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Seizing upon last week's Literary Digest figures and correcting them by factors of error in the 1924 straw vote, Chairman Raskob soon snowed his candidate easily carrying, for example, New York, Massachusetts, Connecticut, Illinois...
...been saying and repeating what a dreadful thing it would be for the Democrats to obtain power, because they would lower the tariff. The tariff, thanks to Republican persistence, was beginning to loom with Prosperity as one of the campaign issues. National Chairman Work (Republican) drew National Chairman Raskob (Democrat) into a public tariff debate, in the course of which Mr. Raskob promised to resign if it could be shown that Nominee Smith did not favor a protective tariff. That put it up to Nominee Smith, who was already very busy planning where to go and when to speak along...
...effect of the warnings from Philadelphia could be guessed and fought. What could not have been guessed was a 300-word statement from John Jacob Raskob, which came like a knife-thrust in the market's back. With Arthur Cutten, and the Brothers Fisher, Mr. Raskob has stood in the front rank of the bulls. His slightest intimations have lifted stocks nearly 40 points. His name, linked with the Du Pont interests, has been synonymous with a mysterious but potent pool operating in market leaders. Amazing, almost traitorous, appeared this statement, released on the very day the 5,400 bankers...
Stockmarketeers gasped and gaped. It was not so much that Mr. Raskob had exploded the current myth of the Raskob-Du Pont pool. It was not impossible to believe that he had been out of the market all summer. But that the great bull should have turned into a bear was a blow which could only be described as catastrophic. Seeking a parallel, traders suggested that Nominee Hoover might issue such a statement as this: "My name has been frequently mentioned as being prominently identified with the Republican party. As a matter of fact I have never been a Republican...
...deference to the death of a bull, birth of a bear, the market sagged a few respectful points. But the same inexplic- able strength which fortified it against the 5,400 bankers remained to repel Mr. Raskob's attack. The market recaptured its stride...