Word: wringer
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
...people decided that it would not put up with deflation-the price that capitalism has always had to pay for its periodic excesses. What the U. S. wanted was a President who would "do something." And doing something meant preventing the country from going through the wringer...
...problem. As the roads gloomily revealed that car-loadings last week were lower than for the same week in 1932 when Depression was at its blackest, the President called a Cabinet meeting where he was reported to have said that he would favor letting the roads go "through the wringer" to reduce top-heavy capitalizations were it not that large insurance companies and banks would suffer greatly. That afternoon he told his press conference that he had decided against the outright subsidy proposed last fortnight by Railway Labor's George Harrison. Subsidies are hard to stop, said the President...
...from Government ownership except consolidation into a single unified national system. How Labor will take the scaling down of duplicate services is not hard to imagine. Burton K. Wheeler, chairman of the Senate Interstate Commerce Committee, reiterated his favorite belief that "some of the roads must go through the wringer." How banks and insurance companies, who are heavily interested in rail securities, will like that is also easily predictable. To ICC Chairman Walter M. W. Splawn was attributed a proposal for a special railroad court to push through the reorganization of the 38 Class 1 U. S. railroads now apparently...
...Insurance Corp. That only twelve national bank's have failed since Mr. O'Connor took office-compared to 1,750 in the previous decade-was largely the result of the fact that banking was the only U. S. industry which was allowed to pass through the depression wringer. And the fact that deposits reached a record high was traceable in big measure to the Treasury's filling the country's banks full of Government paper...
...period of grace. Also aroused over Erie's situation last week was Senator Burton Wheeler whose investigation of railroads was proceeding busily (see p. 53). While Jesse Jones wants to save all major railroads, Senator Wheeler favors letting weak roads, however important, "go through the wringer." Irked at the ICC's allowing RFC to aid H. & O. and its willingness to aid Erie, Senator Wheeler last week demanded that the ICC be reorganized because in creating RFC Congress "never in-tended to pour public funds into the bottomless pit of badly financed railroads...