Major Economic Event Marks 40 Years Of Installment Buying In Auto Industry
The 40th anniversary of installment selling began in 1911 when the first cars were sold on credit. The system spurred industrial growth and altered daily life, enabling millions to purchase autos. Since 1910 production rose from 521,000 cars to about 93 million, with 40 million in use today among 42.8 million families.
MENTIONED IN THIS ARTICLE
American Finance Conference
Association of Independent Sales Credit Companies
America
From Garrison Morfit to Gary Moore a public figure
The narrative traces Homas Garrison Morfit’s name change to Gary Moore after a radio audience’s approval in 1939. It links his fame to mass installment credit, arguing the car’s spread boosted production, jobs, and U.S. prosperity, with economists praising installment buying as a pillar of living standards.
MENTIONED IN THIS ARTICLE
Homas Garrison Morfit
Baltimore
Gary Moore
Gary
A. Anton Friedrich
New York University
Isaac F. Marcosson
Studebaker Corporation
Killit mousetrap ad turns into comic misfire
In a humorous reminiscence, the narrator recalls ordering a guaranteed mousetrap from a bold advertisement. Mary sketches an ambitious concept, a package arrives containing a wooden block and lead pipe with shocking instructions to strike the animal behind the ears, prompting doubt about the device’s efficacy.
MENTIONED IN THIS ARTICLE
Killit
Mary
Bill Stout
Ciga
Civilization
Capone era mob links exposed in Kefauver report on Chicago crime
Estes Kefauver details Chicago’s Capone syndicate influence linking gambling, politics, and police corruption. He traces Big Jim Colosimo’s rise, Torrio and Capone’s rule, the St Valentine’s Day massacre, and parole schemes, including $190000 settlements arranged through tax attorney Eugene Bernstein and figures like Ricca Campagna Gioe.
MENTIONED IN THIS ARTICLE
Senate Crime Committee
Chicago
United States
Capone
al Capone
Virgil Peterson
Chicago Crime Commission
FBI
Big Jim Colosimo
Big Jim
Peterson
Torrio
Guzik
Frank Nitti
Paul
Ricca
Louis
Little New York
Campagna
Fischetti Brothers
St. Valentine’s Day
Uncle Sam
Nitti
Capone Syndicate
Guzik, Ricca
Accardo
Federal
Leavenworth
Paul Ricca
Louis Campagna
Charles
Cherry Nose) Gice
Joye
New York
West Coast
Gioe
Eugene Bernstein
Bernstein
Internal Revenue Bureau
Bureau
Tony Accardo
Kansas City
Tony Gizzo
Gizzo
Miami
National Jockey Club
Miami Beach
Frugality and thrift illuminate an Iowa farmer’s rise
The piece profiles an Iowa farmer who started with nothing, saved through frugality over ten years, and built 460 acres of Iowa cornland. It contrasts opportunity in America with dependence on others, cites auto deaths vs wartime fatalities, and warns against welfare state thinking.
MENTIONED IN THIS ARTICLE
Iowa
Yee
America
Ours
Depths of Deep Lakes Lake Tanganyika Reached
The East Central Africa deep lake system is cited as reaching a depth of 4700 feet attributed to its immense basin. This figure highlights Tanganyika as one of the deepest freshwater bodies in the region.
MENTIONED IN THIS ARTICLE
Tanganyika
Central Africa
Gambler's Friend Howard Marshall Seeks Covington Mayor
Howard Honest Marshall a Covington painter announces his mayoral bid describing himself as the gambler's friend. He says gambling is a gamble and critiques a legal reform clique seeking citizen obedience. Covington Kenton County have been at the center of organized gambling investigations.
MENTIONED IN THIS ARTICLE
Covington
Kentucky
Howard
Marshall
Kenton
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Inez Gerhard
Ion
CBS
Perry Como
U. S
Peru
Tez
Fiz
Fiction
Bill
Crime In America
Estes Kefauver
Daniel A. Gilbert
Gilbert
State Attorney’s Office
Cook County
River Forest
Long Beach
Ind
Kendall County
Ill
Hugo Bennett
Benvenuti
Greasy Thumb
Cor
Doubleday, Inc
General Features Corp
WNU
By Wright A. Patterson
Korea