Word: absorber
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Dates: during 1930-1939
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...skull. Unlike bacteria, however, they are brought to a man's attention less by microscopic examination than by some serious shock to the tenor of his ways. Then the myriads of thoughts & memories rush helter-skelter every which way: they have strange encounters, make strange marriages. If they absorb too much of the man's attention...
About March 7 an undetermined amount of one-year Treasury certificates in denominations of $50, $100 and $500 will be put on sale throughout the land as a sponge to absorb hoarded currency. They will have an interest rate of less than 3% so as not to compete with savings banks. The Treasury will cash them on 60 days notice. The Government will allow the proceeds of the sale to remain on deposit with banks, thus increasing their cash position. Banks can also buy these Treasury certificates on the credit of their deposits with the Federal Reserve system. This issue...
Summary committee hearings followed. Mr. Dawes considered things so bad that he insisted on testifying in secret session. Presumably he explained that his R. F. > was stalled at the very outset for lack of relief cash and the inability of the public market to absorb R. F. > obligations. He undoubtedly endorsed the Glass-Steagall bill as a means of pumping new money into the market to buy R. F. > securities. Secretary Mills estimated that the substitution of bonds for commercial paper would release about $750,000,000 in gold from currency coverage. He denied that the purpose of freeing this...
...fact that control is not involved, that management of the trust will still be in the hands of Goldman, Sachs & Co., seller of none of its shares. It was thought, however, that eventually Atlas will make some offer to minority Goldman Sachs holders, will eventually either control or absorb the latter company. Net assets of the two would total $160.000,000, making it the largest investment trust in the world. The Atlas stock came from the open market and from Ralph Jonas...
...either case, the advantage of printed notes would be incalculable. The lecturer would be free to give full play to his enthusiasm for the subject, interpreting here, illustrating there, and inculcating the relation of his particular field with the philosophical scheme of things. The student would be free to absorb all this and grasp the far-reaching implications of the subject as well as the logical pattern of its factual basis, as provided by the notes. Lectures could become a means of enjoyment and intellectual satisfaction, rather than a mere frantic wearing-out of pencils...