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HEADLINES ON May 19, 1938
Full News Archive
- Headline: Arthur Ritter's Historic Event. Impact: If Arthur Ritter had just decided to take a day off instead of making headlines, we might have avoided a whole generation of 'who's that?' conversations at family gatherings.. Fact: Arthur Ritter: a name that sounds important enough to be carved on a monument, yet here we are, still googling him..
- Headline: Senate Passes Controversial Alien Lobby Bill. Impact: The Senate's Alien Lobby Bill passing could very well lead to the creation of an intergalactic lobbying firm, paving the way for our future overlords from Mars.. Fact: Because nothing says 'I care about aliens' more than a bill passed by a bunch of humans wearing suits..
- Headline: Cárdenas Accuses Cedillo of Conspiracy. Impact: Cárdenas charging Cedillo with a plot was the first of many misunderstandings that would lead to the world's most awkward family reunions—except this time, the family is an entire country.. Fact: Plotting in politics: where the drama is real, but the reality shows have way lower budgets..
- Headline: COMPROMISE ENDS ALLEGHANY DISPUTE; C. & O. Management and the Guaranty Trust Concede Board Memberships BANK PROXIES TO BE VOTED Adjourned Annual Meeting of Road Today Expected to Bring Favorable Action. Impact: The compromise over the Alleghany dispute not only saved a company but also created an entirely new genre of corporate therapy. 'Compromise: The Musical' might be coming soon to a theater near you.. Fact: Turns out, when companies argue, they don't just throw tantrums; they also throw annual meetings. Who knew?.
- Headline: ADELE SHIMAN BETROTHED; Smith Alumna Is Fiancee of J. L. Trobe--Both Social Workers. Impact: Adele Shiman's engagement might have led to an increase in wedding planning apps, forever changing how we say 'I do'—and how much we spend regretting it.. Fact: Engagements: the one time when 'I promise to spend my life with you' also means 'I promise to spend all my savings on a ring.'.
- Headline: RECESSION IS LAID TO FOES OF PROFITS; ' Hostility to Business by Those in High Places' Assailed by Pennsylvania Banker HARMONY NEED STRESSED Head of State Group Appeals to Nation's Leaders to Aid in Restoring Confidence Propaganda and Strikes Warns of Dictators' Influence. Impact: The recession being blamed on foes of profits led to a million conspiracy theories, with every businessman suddenly becoming a secret agent trying to sabotage the economy.. Fact: Nothing screams 'stability' like a banker lamenting about 'hostility to business' while sipping a $10 latte..
- Headline: CUMMINGS RENEWS AUTO PROSECUTIONS; Will Press Anti-Trust Charges Against Ford, General Motors and Chrysler in South Bend GEIGER HALTED FIRST CASE Department of Justice Gives Promised Explanation of Reasons for Its Action Statement in Finance Case Policy Stated to Companies Voluntary" Solution Imposed. Impact: Cummings renewing auto prosecutions against the big three could have sparked the eventual rise of electric cars, paving the way for a future where we all drive glorified computers.. Fact: Anti-trust charges: keeping the automotive industry as thrilling as watching paint dry since... well, forever..
- Headline: MISS ABBIE ROLLINS LACONIA, N.H., BRIDE; Daughter of the Late State Senator of New Hampshire Wed to Gardner Caverly NINE ATTENDANTS SERVE Mt. Holyoke Alumna Escorted by Former Gov. J. G. Winant--Reception at Her Home. Impact: Miss Abbie Rollins' wedding might have inadvertently sparked a trend of extravagant weddings, ensuring that future brides would need a small fortune just to say 'I do.'. Fact: Weddings: where you spend a year's salary for one day of questionable decisions and a lifetime of remembering what you forgot to invite..
Wall Street Time Machine
JNJ
Johnson & Johnson
Johnson & Johnson - If you invested $1,000 in 1938, it would be worth $3,433,940 today (3433.9x return)
PG
Procter & Gamble
Procter & Gamble - If you invested $1,000 in 1938, it would be worth $586,656 today (586.7x return)
CVX
Chevron
Chevron - If you invested $1,000 in 1938, it would be worth $474,914 today (474.9x return)