Word: weekes
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Dates: during 1930-1939
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...Last week these words came from one time Alien Property Custodian Francis Patrick Garvan who mortally fears and hates all things Teuton. Accusing the largest U. S. bank of fraud, he was demanding an inquiry into the flotation last April of $30,000,000 of 5½% convertible debentures of the American I. G. Chemical Corp. by National City Co. Its advertisement of the bonds, he said, intended "to deceive the American public into the belief that the proceeds of these bonds were to be used to foster and finance the development of chemical and allied industries...
Tumbling almost steadily downward, last week the price of wheat touched the lowest levels on the present crop and cotton crashed to the worst prices since 1927. In wheat the situation seemed a natural one of supply and demand. In cotton the decline was somewhat justified by cold which is said to have killed the boll weevil in large areas. But what caused cotton to drop precipitately was apparently "an unfortunate misunderstanding." Briefly, the "unfortunate misunderstanding" seems to have taken place as follows...
Another act of Custodian Garvan was to sell the confiscated Bosch Magneto Co. For this he was charged with defrauding the government of $5,500,000 but the case was dismissed last fortnight. From these things he probably conceived his great hate of the Teuton shadow. Last week he accused Senator Moses, former State Attorney General Merton E. Lewis, Banker Otto Hermann Kahn "and his partner Warburg," Oswald Garrison Villard (editor of The Nation), and others, of German propaganda-all in his lengthy written attack on American I. G. Chemical Corp., which he sent to the office of the State...
...Last week Economist Dewey, in this country for a few weeks' respite from his duties in Warsaw, gave some international advice to American business men. To the Merchants' Association of New York he spoke of the country whose economic resources he has studied for two years. With a national debt of only $15.50 per capita, one of the lowest in Europe, Poland should attract American capital, said Economist Dewey. He advised U. S. manufacturers to become partners in Polish firms and thus get in on the ground floor of the prosperity he foresees for Polish industry. "Because...
...delivered to him the Nourmahal, biggest oil-burning yacht in the world. Since its owner is Commodore of the New York Yacht Club, the Nourmahal is the Club flagship. Indeed the Astor interest in the sea is so great as to be almost exclusive of all else. Last week, going from pleasure to business, Commodore Astor acquired an important interest in the Roosevelt Steamship Co. From Southern waters, where he is cruising in his Nourmahal, he sent a wire, announced his intention of taking an active interest in the affairs of the line. Up to this time Vincent Astor...