Babson Links Low Mood to Debt and Morality Reform
Babson argues the present business downturn stems from widespread debt and a shift from cash to credit. He urges a national revival of personal sacrifice and business morality, led by churches, to restore prosperity. He cites Florida's experience and Lake Wales’ Ten Dollar Check Plan as practical examples.
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Babson Park
Fias
Babson
Florida
Chamber of Commerce
Rotary
Kiwanis
Lake Wales
United States
Publishers Financial Bureau
Tack Sprinkling Burglar Given 7 Years In Prison
London Weldon Collins, 50, described as resourceful, faced three burglary charges after a detective testified he spread tacks on bedroom floors to deter victims from calling for help. He was sentenced to seven years in prison.
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London
Weldon Collins
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Receiver Can't Sell Railroad in Ohio
Lisbon Ohio reports the Youngstown and Ohio River railroad, once prosperous, remains in default on a bond issue and no buyers appear interested in the asset.
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Ohio
Lisbon
Youngstown & Ohio River Railroad
Desperate receiver to hold another auction next week
Two weekly auction sales failed to attract bids prompting a receiver to plan a new sale. The notice, dated December 1980, also includes tax levies for Lorain County Ohio with state and county rates and dates for owner notices.
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Lorain County
Piyma
Ohio
A. Awwillir
Ford Adds Twenty Three New Body Types For Commercial Trucks
Ford Motor Company announced the addition of 23 new body types to its standard line of Ford trucks and light delivery cars. Some are already in production with others to roll out within two months. The expanded range includes police patrol cars and coal and coke trucks, bringing total commercial body types to over 60 for Model A and Model AA chassis. Detroit dealers reported strong interest at the New York show and in Oldsmobile showrooms across the country.
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Ford
Ford Motor Company
New York
Oldsmobile
Chevrolet reports record December production in New York
In New York on January 10 the Chevrolet Motor Company unveiled December production figures reaching 64 018 cars and trucks, more than double last December and the largest December output in its history. W S Knudsen, president and GM, noted weekly employment at 32 101 for the week ending December 27, with expectations to reach 40 000. The month followed November’s 45 000 output, the previous high. January plans target 70 500 units, with February at 70 400.
MENTIONED IN THIS ARTICLE
New York
Chevrolet Motor Company
W. S. Knudsen
Crowds Examine New Low-P priced 1931 Oldsmobiles
Record crowds gathered at the New York automobile show to inspect Oldsmobile's new line offered at lower prices for 1931. Attendees lined the exhibition space, showing keen interest in the latest models despite economic constraints.
MENTIONED IN THIS ARTICLE
Oldsmobile
New York
Oakland sales head urges courage amid hard times
W W Bless, vice president of Oakland Motor Car Company, declares a hundred billion dollar market at the door. He blasts “calamity howlers,” says 122 million people spent nearly one hundred billion dollars annually, and urges workers to buckle down, meet conditions, and create business rather than whine about difficulties.
MENTIONED IN THIS ARTICLE
A Bless
Oakland Motor Car Company
Credit losses small for Boston employees union
The Employees' Credit Union serving City of Boston workers reported a loan portfolio of 279,486 for the year ended October 31. Since its founding 15 years ago it has sustained losses of 7,161, a figure described as minimal given its mission to shield city workers from predatory lending.
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Boston
Employees’ Credit Union
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