Word: trusting
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Dates: during 1930-1939
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...Brain Trust: "A bunch of theoretical, intellectual, professional nincompoops from Columbia University." On the New Deal: "Spurious, sporadic, uncertain, unsound, unworkable, and unconstitutional." On the proposal to establish a Federal Fine Arts Commission: "I do not see how anybody can enjoy listening to the strains of Mendelssohn with the seat of his pants out." On President Roosevelt's promise that he did not want to become a dictator: "Assurances are not worth a continental when they come from men who care no more for their word than a tomcat cares for a marriage license in a back alley...
...issues become "sticky" not because they are unsound investments but only because of sudden market upsets. A good U. S. example was last fall's Pure Oil issue, a sound enough investment which failed to sell because of a market crash. If its underwriters had been an investment trust they could have added the unsold bonds to their portfolio, thus saving their own skins and not impairing the investment trust...
Ignoring this argument and the obvious fact that if an issue becomes sticky and causes a loss to Union Securities Corp. the loss will inevitably be passed on to its investment trust backers, Tri-Continental and Selected Industries last week preferred to lay their new venture to two lesser reasons: 1) they have large chunks of capital they are eager to use; 2) since banks were divorced from underwriting, and death or depression has slashed the ranks of underwriters, there is an acknowledged lack of underwriting capital...
Altogether the battered Harlowmen will tomorrow stack up against their third really high-class team in a row. Not the beef trust that Cornell was, nor boasting quite such satellites as wingback Peck or end Holland, Army is, nevertheless, a high-riding organization, led by Wilson and Long. The Service elevens always hit the hardest of all the teams, as any player will tell, and this Army team will certainly give Bob Green and his men a real Soldiers Field battle...
...early column in which he indirectly justified lynchings in San José, Calif. But two years ago, when he went to Europe and wrote a series of searing attacks on Hitler and Mussolini, his standing was ace high. They deplored his sneers at "Mahatma" Sinclair and his "Brainstorm Trust," reveled in his fury at Huey Long, cooled off again when he began taunting the New Deal about the "Second Louisiana Purchase." Today, "Old Peg" is in bad odor among the intellectuals because of his attacks on the C.I.O., his open redbaiting, his disrespect for Franklin Roosevelt- ''mama...